About the Job
About Impact Frontiers
Impact Frontiers, an initiative within the Impact Management Project (IMP), envisions a world where all investments are made and measured considering their integrated financial, social, and environmental impacts.
Towards that vision, Impact Frontiers is launching an ambitious set of workstreams:
- Convening and supporting cohorts of investors to pioneer integration of impact alongside financial risk and return in investment practices.
- Leveraging the portfolio data generated by these investor cohorts to create a quantitative evidence base about the relationships between investments’ financial performance and the various dimensions of impact in different asset classes, sectors, and geographic contexts.
- Publishing and disseminating the results of the initiative (e.g., reports, how-to guides, tools) to inform capital allocation and to drive widespread adoption among investors in the future.
Impact Frontiers will work with investors in diverse asset classes and across the returns continuum (i.e., both concessionary and market-rate). With concessionary investors, we will work to create greater clarity on the social and environmental impact that is created by their financial concession. With market-rate investors, we will work to identify which dimensions of impact, in which contexts, truly drive improved investment performance, or at a minimum are consistent with fiduciary duty. With both, we will work to allocate capital to where need is greatest, and to where that capital can be used most productively to address poverty, inequality, and environmental degradation.
Impact Frontiers represents a follow-on, scaling-up phase of the current Efficient Impact Frontiers Collaboration (EIFC, 2018 – 2020). The EIFC is community of leading investors dedicated to developing innovative ways to quantitatively and holistically integrate measures of social and environmental impact alongside financial risk and return into their investment practices. Each investor in the EIFC is developing its own tools for assessing the expected impact of proposed investments, loans, or guarantees before financing decisions are made; for comparing expected impact to the expected financial risk and return; and for setting integrated impact and financial goals for their portfolios.
Impact Frontiers and the EIFC are led by Mike McCreless, who conceived and founded the EIFC within Root Capital, a social investment fund focused on agriculture in Africa and Latin America, based on the ideas in the article “Toward the Efficient Impact Frontier” in Stanford Social Innovation Review. In April 2019, the EIFC migrated from Root Capital to the Impact Management Project, a forum for investors and businesses to build global consensus on how to measure, manage and report the impact of their investments. Impact Frontiers is supported by the MacArthur Foundation, Metanoia Fund, and Omidyar Network.
About the Opportunity
Impact Frontiers is looking for its first full-time hire. This role will be involved in every part of the initiative:
- Working directly with a wide range of leading investors to:
- Develop impact ratings for individual investments and loans.
- Develop measures of risk-adjusted financial return for individual investments and loans.
- Use these data to analyze the relationships between impact and risk-adjusted financial returns within and across portfolios of investments and loans.
- Determine implications for investment policies, processes and systems, as well as internal and external communication.
- Reviewing investors’ approaches to the integration of impact alongside financial risk and return – both conceptually and in processes and systems – to identify commonalities, differences, and best practices.
- Analyzing data generated by partners to shed light on the relationships between financial risk and return, and various dimensions of impact in various asset classes, sectors, and geographies.
- Writing, editing, and publishing articles, blog entries, and presentations.
- Presenting to individual investors, at conferences, and on webinars.
In addition, this role will support the IMP in working with diverse investors to implement the IMP consensus on impact management. This role will be a part of the global IMP team, attending team meetings and supporting other IMP workstreams as needed.
- Minimum 4-6 years post-undergraduate degree
- Graduate degree in economics, statistics, business, public policy, or related field
- Demonstrated interest and aptitude for impact investing and / or social enterprise
- Ability to work with collaborators from diverse backgrounds and with diverse skill sets
- Comfort working in a small, entrepreneurial, virtual team working across time zones
- Applicants must be authorized to work in the United States.
The ideal candidate will bring:
- Passion for the vision and goals of Impact Frontiers and the IMP.
- Statistical analysis skills to the level of multivariate regression, in order to quantitatively identify relationships between impact, risk, and return using data about the investments in partners’ portfolios.
- Exceptional writing skills to communicate these nuanced relationships, and what they mean for investors, in accessible and compelling language.
- Advanced Excel modeling skills
- Intermediate skills in financial analysis / investment analysis.
- Prior experience in impact measurement and management, ideally in a financial sector context.
- Experience successfully and independently managing relationships with mid-senior clients.
- An entrepreneurial mindset and an ability to work independently and drive workstreams forward proactively.
- Experience in communications, graphic design, and social media are helpful but not required.
Interested candidates should submit their CV along with a short cover letter, clearly indicating their experience and motivations in line with the above specification, to firstname.lastname@example.org with the email subject ‘Investor Collaboration Application’ by September 30, 2019.
We encourage applications from under-represented communities.
Please note that we will be considering candidates on a rolling basis, so we encourage you to apply early. We anticipate a high volume of applications and are unable to respond to all applicants.
The Impact Management Project is committed to providing equal employment opportunities and does not discriminate in employment on the basis of race, colour, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, retaliation, parental status, military service, or other non-merit factor.
Impact Management Project
The Impact Management Project (IMP) is building global consensus for how businesses and investors manage their social and environmental impact, helping to turn ideas and inspiration into the daily reality of how businesses and investors work. Funded by a diverse group of foundations, government agencies, asset managers and fund managers, the IMP has brought together over 2,000 organisations since 2016 to work on developing a set of shared fundamentals for impact management.