Posted on November 13, 2012
Investment Associate, Program Related Investments
San Francisco Foundation
San Francisco Foundation - Investment Associate, Program Related Investments
The San Francisco Foundation (TSFF) is the community foundation serving the Bay Area since 1948, granting more than $800 million over the past ten years. Through the generosity and vision of our donors, both past and present, TSFF granted $89 million in fiscal year 2012. TSFF brings together donors and builds on community assets through grantmaking, leveraging, public policy, advocacy, and leadership development to make a greater impact in our community. By focusing on people, organizations, neighborhoods, and policy, advocacy and organizing, the Foundation addresses community needs in the areas of community health, education, arts and culture, community development, and the environment. In response to the economic downturn, TSFF is also focusing funding on safety net partners, job creation and training, and mortgage foreclosure relief and neighborhood preservation. The San Francisco Foundation serves San Francisco, Alameda, Contra Costa, Marin, and San Mateo Counties. www.sff.org
PROGRAM RELATED INVESTMENTS
The San Francisco Foundation Program Related Investments (PRI) Fund extends the reach of our assets in support of strategic priorities. The PRI Fund provides loans to intermediary and established organization in the San Francisco Bay Area. Through PRIs, The San Francisco Foundation recycles capital, helps unlock much-needed credit for nonprofits, and leverages additional capital to underserved or under-invested communities. The Fund builds on our over 20-year history of providing loans and loan guarantees. It is also a strategy to provide and catalyze additional sources of financing for the nonprofit sector at a time of increaseing need.
The PRI Fund was capitalized with an initial $5 million from the Foundation’s endowment and will be expanded to invest an additional $10 million from our donors.
The PRI Investment Associate position is a part-time position providing coordination, investment analysis, loan evaluation, and portfolio monitoring for the TSFF PRI team. The Investment Associate will work closely with program and finance staff to coordinate the PRI program. The Associate will organize both internal PRI Team and Board-level PRI Committee meetings.
The Investment Associate reports to the Chief Financial Officer and is a member of the Finance and PRI Teams at The San Francisco Foundation. S/he also works in close collaboration with the Program Director, Community Development.
The Program Director, Community Development is responsible for PRI deal flow and evaluation of potential deals for alignment with mission and social metrics. The Investment Associate will support her in review and documentation of potential deals and presentation of deals to the PRI Team and PRI Committee.
Financial Analysis and Underwriting
The Chief Financial Officer is responsible for financial evaluation of PRI deals. The Investment Associate will conduct financial analysis on loan cashflows, evaluate deals for appropriate terms including structure, interest rates, and terms. Coordinate consultants in technical underwriting where necessary. Participate in presenting analysis and recommendations to PRI Team and PRI Committee.
The Associate will ensure compliance of existing loans and track payments and commitments of all loans. S/he will review quarterly reports and financial statements of borrowers and prepare quarterly reports to PRI Committee.
Donor Communication and Outreach
Working with the Philanthropic Services and Public Affairs teams, prepare communications to donors on status of the portfolio and announcements of potential deals. He/she may prepare information for donors as needed to communicate program goals and benefits.
Education: Undergraduate degree in finance or business or related field. Master’s degree strongly preferred.
Experience: Minimum of six years of professional experience in community, commercial, or private lending in the nonprofit, philanthropic, public, or private sectors. Experience and understanding of two or more of the following fields – community development, housing, health, environment, education, and arts. The ideal candidate will be familiar with local and regional community development finanical institutions, community banks, and nonprofit organizations. Underwriting and impact investing experience highly desired.
Knowledge, skills, and competencies: Highly skilled in building financial models, analyzing financial statements, and communicating findings and recommendations to constituencies with varying levels of financial acumen. Excellent analytical and writing skills. Strong interest in impact investing. Strong overall computer skills including significant expertise in using the Microsoft excel application.
COMPENSATION: Commensurate with background and experience
TO APPLY: Send résumé with cover letter by November 26, 2012, to email@example.com or Mail to:
The San Francisco Foundation
225 Bush Street, Suite 500
San Francisco, CA 94104
FAX: (415) 477-2784
The San Francisco Foundation is an equal opportunity employer and seeks diversity with respect to race, ethnic, culture, gender, age, sexual orientation, and physical abilities.