What are the responsibilities and job description for the Vice President, Impact Investment Services position at Locus?
Job Description
Job Description
Description : About Locus :
At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places.
Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low-to-moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.
Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.
Position Overview :
Locus’ Impact Investment Services (IIS) team supports foundations and community development investors in their pursuit of impact goals by helping them to design, develop and manage guarantee programs and other investment funds.
Job Description :
Duties and responsibilities of The Vice President Impact Investment Services (ISS) include the following :
- Serve as a leader and people manager within IIS.
- Serve as primary point of contact for and manager of IIS team’s active investment / guarantee funds.
- Serve as primary manager for multiple investment / guarantee funds and as point of contact for investors in connection with these funds. Understand investor expectations and ensure satisfaction.
- Manage the ongoing operations for multiple investment / guarantee funds including workflows such as : asset servicing, portfolio management, financial and impact reporting, budgeting, cash management and investor relations, among others.
- Manage the investment pipeline, including deal sourcing, structuring, evaluation, decision, and closing via internal and / or outsourced functions.
- Manage diligence and underwriting of potential investments / guarantees.
- Work with legal counsel to formalize underlying deal structure and draft necessary formation documents, legal agreements and other documentation.
- Provide investment / guarantee program pre-launch advisory support as needed, including development of programmatic thesis, structure, and governance (i.e., investment policies, product offerings, investment criteria, impact metrics, and other relevant activities).
- Support acquisition of new IIS client relationships through structuring of suitable fund and guarantee solutions, development of pitch materials, and participation in client prospecting meetings. Responsibilities shall also include research, the creation of strategic frameworks and tools, and management of the opportunity pipeline.
- Live and represent the values and mission of the organization - keeping diverse, equitable, and inclusive impact at the center of all efforts and execution.
Requirements :
Compensation and Benefits :
Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or family status, national origin, non-job-related disability, or status as a veteran.
Salary : $125,000 - $160,000
