About the Job
The Fund is looking for an Associate Director to join the WES Mariam Assefa Fund team and manage the Fund’s growing impact investing efforts that advance economic mobility for immigrants and refugees in the U.S. and Canada. For more details on the Fund’s impact investing approach, priorities, and current investee partners, click "here":https://www.wes.org/fund/impact-investee-partners/. The Associate Director’s primary responsibilities will include identifying areas where impact investments can advance the Fund’s impact goals; sourcing, underwriting, and structuring investments; supporting the Fund’s investee partners; and monitoring the social impact and financial performance of the Fund’s impact investment portfolio. They will also represent the Fund at external audiences and help to build a community of impact investors committed to investing in and with immigrant and refugee communities. As the Fund is an early-stage philanthropy, the Associate Director will have an opportunity to help build the Fund’s impact investing practice from the ground up and shape their responsibilities and role as the Fund’s work evolves.
The Associate Director reports to WES’ Managing Director, Philanthropy but will work closely and collaboratively with all members of the WES Mariam Assefa Fund team in the U.S. and Canada, other WES departments, and the Fund’s investee and grantee partners. They will have significant exposure to WES’s Senior Leadership Team and members of the WES Board of Directors. This role is based in WES’ NYC office; however, we are open to candidates located outside of NYC.
Duties included but not limited to:
- Hone the Fund’s impact investment strategy and theses and ensure alignment with the Mariam Assefa Fund and WES’ larger strategic and social impact priorities.
- Conduct background research on issue areas, product segments, and other relevant trends, particularly in the adult education, consumer finance, workforce development, and immigrant integration fields.
- Source, screen, underwrite, structure, and close prospective investments, including assessing business and financial models, evaluating financial returns, risk, and social impact, and preparing investment memoranda and closing documentation.
- Monitor and measure the social and financial impacts of the Fund’s impact investment portfolio, as well as disseminate results and learnings with colleagues, partners, and the field.
- Partner with external legal counsel, auditors, and other professional service providers to develop and negotiate terms and documentation and close transactions.
- Coordinate information and data sharing with potential co-investors and deal teams, as needed.
- Actively support investee partners, including Board involvement as required and appropriate.
- Design and manage initiatives that build the pipeline of potential investments that advance economic mobility for immigrants and refugees.
- Work closely with the wider Fund team to identify opportunities to share learnings between investee and grantee partners, actively partner with other funders, and more.
- Establish relationships with other social impact and market rate investors to leverage additional capital for the Fund’s impact investing priorities and its investee partners.
- Represent the Mariam Assefa Fund externally in a range of formal and informal capacities.
The Ideal Candidate will:
- Be excited about WES’ mission, the Fund’s impact goals, and advancing equity, inclusion, and diversity.
- Have a high degree of comfort with rapidly changing, ambiguous contexts and an ability to help craft a clear path forward in these environments.
- Have a demonstrated commitment to empowering immigrants and refugees and elevating their voices and experiences through the Fund’s work.
- Bring both an entrepreneurial mindset to generate new approaches, spot opportunities, and initiate action.
- Have a deep-rooted intellectual curiosity and an openness to diverse ideas and perspectives.
- Thrive an environment that values transparency, collaboration, and a learning orientation.
- Bring a “can-do” attitude and have a willingness to stretch up and down in their role as the Fund’s needs evolve.
- Build informal working relationships, quickly establish credibility in new areas of work, and mobilize people at all levels towards collaborative goals.
- 6-8 years of relevant investment experience in the social finance, impact investing, venture capital, investment banking and/or strategy consulting sectors, as well as strong relationships and relationships in your field.
- Strong commitment to and experience embedding equity into investment practices.
- Experience with and/or deep interest in issues affecting the economic mobility of immigrants & refugees, including but not limited to: workforce training and development, education and employment technology, financial access and inclusion, and worker ownership and organizing.
- Demonstrated analytical skills to assess potential investment opportunities at the individual and portfolio levels.
- Exceptional project manager who thrives in a fast-paced environment delivers high-quality work, is comfortable managing up, and enjoys juggling dynamic priorities.
- Excellent verbal and written communication skills that convey complex information and investment opportunities to stakeholders in compelling formats.
- Strong interpersonal skills and demonstrated ability to build trust with diverse stakeholder groups, including founders, Board members, and other investors.
- Periodic travel to NYC, Toronto, and/or prospective and current investee partner sites.
World Education Service
Launched in 2019, the WES Mariam Assefa Fund (the Fund) is a philanthropic initiative aimed at catalyzing economic opportunities for immigrants and refugees and enabling immigrant communities to thrive in the U.S. and Canada. The Fund provides provide grants, investments, and other support to interventions that build more inclusive economies and the advance economic integration of immigrants and refugees. In particular, the Fund is currently focused on supporting organizations and initiatives that aim to: equip immigrants and refugees with the skills and supports to succeed; advance inclusive and equitable employer practices; foster innovation and experimentation in the workforce development and immigrant integration fields; invest in immigrant leaders; and grow the ecosystem of collaborators. Read more about our work "here":https://www.wes.org/fund/.