As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Fund Operations Manager, California Rebuilding Fund

at Kiva in Portland, OR/ San Francisco, CA/Remote

About the Job

Fund Operations Manager, California Rebuilding Fund
at Kiva.org
US Remote / Portland, OR / San Francisco, CA

About us:
Kiva (kiva.org) is an international nonprofit with a mission to expand financial access to help underserved communities thrive. We run a global marketplace platform to crowdfund microloans for financially excluded entrepreneurs, farmers and students around the world. Our organization combines the culture and technological passion of an internet start-up with the compassion and empathy of a non-profit to create impact and opportunity at global scale. Since 2005, we have raised more than $1.4 billion in loan capital for 3.6 million borrowers in 95 countries. Our lenders fund over $13 million in loans every month. With offices in San Francisco, Portland, New York, Nairobi, and Bangkok, Kiva's team includes 100+ employees and 400+ volunteers worldwide. Our team is growing as we pursue exciting new opportunities to create a financially inclusive world.

Role overview:
In 2019, Kiva launched Kiva Capital, our asset management subsidiary that manages impact-first return bearing vehicles for the world's leading impact investors. Kiva Capital is looking for a talented and highly motivated Fund Operations Manager to join our team as one of the very first hires for a Fund focused on supporting California Small Businesses. This position will focus on the execution and support of a new fund that Kiva will be managing to provide liquidity and working capital to small businesses across California that are recovering from the COVID-19 pandemic. This role will sit under the Kiva US team and be solely responsible for managing the day to day operations of the California Rebuilding Fund Fund.

This is a key role within Kiva US and Kiva Capital and offers a tremendous opportunity to be an early hire at a fast-growing Impact asset manager. This role will entail significant operational contributions early on, requiring an entrepreneurial mindset and a multi-talented and versatile team player. The candidate will report to the Manager of Credit Operations, and have close interaction with the Kiva.org investment team and other senior-level executives within Kiva.

Key responsibilities include:

Fund Setup & Execution

  • Design and implement relevant investment policies, operations guidelines, and reporting procedures for the fund.
  • Own, update, and adhere to the Fund Operating Manual
  • Serve as liaison between Kiva (Fund Admin) and a select group of CDFI’s who will be originating loans to small businesses
  • Setup systems to operationalize data collection from participating CDFI’s, as well as other partners on a weekly basis
  • Fund Management*
  • Upon launch, the Manager will be responsible for managing internal and external fund-level processes and reporting requirements.
  • Manage the relationship with third-party service providers including fund administrator, loan servicer, custodian, and trustee.
  • Monitor the fund platform portal
  • Spot check loan applications from CDFI’s to ensure compliance with program eligibility requirements outlined in the Fund Operating Manual
  • Track fund loan purchases and loan performance data
  • Manage the investor reporting, including writing reports and collecting impact data
  • Liaise with our legal team to ensure timely filings with applicable regulatory bodies.

What we offer:

  • An opportunity to improve real lives, solve hard problems, and change the world
  • Friendly, supportive, and adventurous environment with a team of engaged colleagues
  • A comprehensive, industry-leading benefits package
  • Opportunities to connect with and learn from colleagues and partners around the world

A diverse and inclusive workplace where we learn from each other is an integral part of Kiva's culture. We actively welcome people of different backgrounds, experiences, abilities and perspectives. We are an equal opportunity employer and a great place to work. Join us and help us achieve our mission!

We will only accept applications directly from candidates. Kiva will not be responsible for any recruiting agency fees, absent a formal agreement.

Qualifications

Required Experience:

  • 5+ years of relevant professional experience including 2+ years in investment management, preferably in an operational capacity.
  • Strong interpersonal and communication skills; disciplined, detail-oriented, and accountable.
  • Ability to deliver results on multiple priorities simultaneously with excellent time management skills.
  • Strong leadership skills and demonstrated ability to influence.
  • Demonstrated financial acumen and understanding of private markets.
  • Experience in the design and implementation of impact investment fund products preferred.
  • Understanding of Impact Investing framework a plus.
  • Demonstrated commitment to Kiva's commitment to financial inclusion.
  • Advanced proficiency in Excel and PowerPoint (or Google Sheets and Slides)

To apply

Kiva

Kiva (kiva.org) is an innovative non-profit focused on connecting people through lending to alleviate poverty and create opportunity. We run a global marketplace platform for crowdfunded microloans that serves the financially excluded. Our organization combines the culture and technological passion of an internet start-up with the compassion and empathy of a non-profit to address poverty at global scale. We aim to drive social impact and enable opportunity while providing a borrower-to-lender connection: “Loans that change lives.” In just 13 years, we have raised more than $1.1 billion in loan capital for 2.7 million borrowers in 83 countries. Our lenders fund over $10 million in loans every month. With offices in San Francisco, Portland, New York, Nairobi, and Bangkok, Kiva's team includes 100+ employees and 400+ volunteers worldwide.