Director, Fund Management & Client Services

About Mission Driven Finance

Learn more about us, our why, and our opportunities on our jobs page.

Mission Driven Finance uses finance as a tool for change. We’re all about mobilizing capital that will increase inclusive and equitable access to education, health, and wealth, and there are a lot of awesome things happening to achieve our mission. As our fully remote/distributed team continues to rapidly expand, we’re always looking for ways (and people!) to help us stay on track.  

Who should apply

We are seeking an analytical wizard who is excited by the opportunity to manage impact investing fund vehicles. You understand private investments and structured finance, and are familiar with the basics of private funds. Spreadsheets are your happy place and you love a good number puzzle. You can balance complicated analysis with presenting summary recommendations across a fund’s lifecycle, including watching the investment pipeline relative to capital calls and distributions, tracking financial and impact covenants, and working through a range of what-if scenarios. You are a resourceful, hyper-organized professional who gets bored unless you are handling multiple workstreams, and can work within a wide breadth of systems and tasks. You love to create and utilize elegant tools, templates and processes that improve efficiency and accuracy.

You are excited by the opportunity to work at a nimble, fast-growing organization with a bold vision to transform the way finance works. You thrive in entrepreneurial environments, where taking initiative and thinking outside the box are the norm. You appreciate collaborative environments and understand the power of working together, where diverse perspectives lead to innovative solutions.

This position is remote. Our team is distributed across the "U.S." and works remotely. 

Primary responsibilities

You will work primarily with the VP, Fund Services (your supervisor) and Senior Director of Structured Finance. Your responsibilities will include the following: 

Ongoing Fund Management

• Fund terms document: Maintain and update the Fund terms document and related files for all key Fund Services clients; ensure key fund terms, covenants and requirements are updated at all times
• Deal closings: Based on knowledge of Fund, investor and client/partner requirements, provide additional content or process guidance to Fund Operations in closing more complicated transactions 
• Liquidity management: Model and manage cash flows, distributions, and commitments, ensuring appropriate liquidity for fund vehicles using existing tools or self generated tools
• Data collection & analytics: Partner with Portfolio Management team and IT on data collection process to ensure there is quality financial and impact data to produce reporting and analytics for managed funds
• Portfolio risk management: Collaborate with the Portfolio Management team to monitor portfolio risk and return on a regular basis to evaluate deviations from strategic targets, ensure covenant compliance; as appropriate, recommend strategy modifications

Onboard Funds to MDF Platform

• Work alongside the Senior Director of Structured Finance to onboard funds onto MDF’s platform, including collaborating with functional teams to get them up to speed
• Develop initial tools, templates and processes in partnership with functional teams and the Senior Director of IT in connection with new fund launches that will be critical to the fund’s successful operations, including: 
• Underwriting tools: Develop initial underwriting policies and tools such as credit memo and term sheet templates
• Portfolio management tools: Develop initial tools to execute portfolio management such as fund cash flow models, other liquidity management tools, covenant trackers, and portfolio construction reports
• Data collection templates: Partner with our Portfolio Management team to create borrower / investee financial and impact data collection templates necessary to capture and report on key data requirements of the fund
• Governance processes: Support the creation of terms of reference and the stand-up of key fund governance committees, including advisory committees

Client/Partner Services & Management: 

• Support the VP, Fund Services with ongoing management of client/partner relationships, including:  
• Attend and help coordinate client/partner meetings, including preparing agendas (and related materials) and taking meeting minutes 
• Serve as primary point of contact for certain Fund Services clients as guided by the VP, Fund Services
• Support the VP, Fund Services to coordinate closely with internal teams (primarily Investment Management, Legal, Finance & Fund Operations) to ensure execution on fund and client deliverables according to time and quality expectations 
• Ensure all client and partner information is accurately maintained, organized and updated in all storage drives, systems and trackers 

Our supervisors at MDF are expected to:

• Inspire a shared vision
• Engage and challenge the process
• Value people
• Develop themselves and others
• Communicate with candor
• Act in the best interest of MDF
• Make effective decisions

Desired values, qualifications & skills

An ideal candidate will value: 

• Our mission to build a better financial system
• Developing solutions from a team perspective
• Ability to take initiative and work semi-independently
• Balancing work quality with efficiency and productivity 
• Our culture of humor, flexibility, and resilience

And have a background and skills that include:

• 7+ years of relevant experience structuring fund vehicles, executing private credit investments, or managing loan portfolios
• Strong ability to manage a high volume of complex projects that are in different stages through excellent planning, organizational, and time management skills
• Advanced ability to use Microsoft Excel or Google Sheets to create and manage fund and financial analyses, including the ability to build fund cash flow models of moderate complexity 
• Experience developing processes, templates, tools to organize information/data, improve efficiency, promote cross-functional collaboration 
• Excellent attention to detail, document review, and proofreading skills
• Excellent planning, organizational, and time management skills
• Excellent verbal and written communication skills with the ability to communicate effectively with a high level of professionalism to both internal and external audiences
• Experience leading and managing a team remotely 
• Thrive in an evolving startup environment, adeptly managing competing priorities and deadlines with adaptability and responsiveness.
• Strong comfort with and demonstrated ability to learn technology tools, such as project management systems (Asana), and communication systems (Slack)

Preference for candidates that also have one or more of the following:

• Financial modeling and analysis experience
• Experience within private equity, private debt or venture capital 
• Exposure to, or deep interest in, (impact) investing; this might include experience working directly with nonprofits, social enterprises, philanthropic endeavors, or investment firms 
• Fluency in another language beyond English
• Lived experience in our target investment communities, such as communities of color, Native or Indigenous, New American, veteran, low-to-moderate income, or other overlooked and underestimated populations 

Research shows that while men may apply for roles when they meet about 60% of the criteria, individuals from marginalized groups often hold back unless they fulfill every listed requirement. 

If you believe you could excel in this role but your resume may not accurately reflect how you are qualified per the qualifications above, we wholeheartedly encourage you to apply. In your application, please also submit a cover letter, share what interests you about this role, how you may be qualified in other non-listed or non-traditional ways, and how you envision making a difference. 

We're all about embracing diversity and considering a wide range of candidates and ways that someone is qualified. Whether you're new to using your skills in this area, returning after a break, looking to make a transition, or ready to take your career to the next level, we'd love to hear from you. Your unique experiences and perspectives are valuable to us. We can't wait to explore the possibilities together. 

Compensation

This is a Director level role with an annual salary range of $110,000 - $132,000 per year, plus company incentives, based on your unique skills and experience. 

This position includes company standard benefits:

• Unlimited paid vacation time along with 15 paid holidays
• Remote and flexible work schedule and environment
• 401k retirement plan with 4% employer match
• Monthly stipend for work-from-home expenses
• Access to health/dental/vision plan
• Participation in company incentive program(s)
• Up to $500 annually towards professional development

We recognize that compensation is an important aspect of your decision to apply, and we strive to offer competitive salaries that reflect the skills, experience, and value each team member brings to our organization.

It's important to note that starting salaries for most candidates will fall at or below the 50th percentile of the above salary band. However, starting salaries will be determined based on factors such as qualifications, experience, and internal equity considerations.

We are committed to fostering a transparent and equitable compensation structure and welcome discussions regarding salary expectations with our HR / Recruitment team during the interview process.

Equal opportunity employer 

Mission Driven Finance is an equal opportunity employer. We encourage all qualified candidates, regardless of race, ethnicity, religion, national origin, age, sex, disability, veteran status, or gender identity to apply for this position. We welcome smart people with non-linear/non-traditional experience and educational backgrounds to join our team. Should a candidate be offered the position, they will need to show documentation of the ability to work in the U.S. including completing an I-9. We are unable to offer work visas at this time.

To apply

If you think you can help us build a better world please apply as soon as possible; the position may close at any time! Candidates only and no phone inquiries, please.