Senior Associate, Mission-Aligned Investments
Senior Associate, Mission-Aligned Investments
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USD 150000 - 190000
1 Vacancy
Job Description
Arnold Ventures (AV) is a philanthropy that supports research to understand the root causes of Americas most persistent and pressing problems as well as evidence-based solutions to address them. By focusing on systemic change AV is working to improve the lives of American families strengthen their communities and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008 the philanthropy has expanded and AVs focus areas include education criminal justice health infrastructure and public finance advocating for bipartisan policy reforms that will lead to lasting scalable change. The Arnolds became signatories of the Giving Pledge in 2010.
Position Overview
AV is building out a mission-aligned investing team that will invest across the organizations focus areas. The team will have a broad mandate to further the philanthropic goals of the organization with discretion to invest across the capital structure (debt through equity) as a limited partner in funds and via credit enhancements and guarantees. The team will develop and invest in opportunities where market-rate and concessionary capital can catalyze private and public sector investment. Investments will be made from a $5 billion endowment. This is a highly entrepreneurial opportunity to be on the ground floor of shaping an investment platform with substantial flexibility and resources to maximize impact for millions of Americans.
The role may be structured as a generalist who invests across AVs focus areas or a specialist who focuses on a high-priority investment area. This position is located in AVs New York City office and reports to the Executive Vice President Mission-Aligned Investments.
Core Responsibilities
Work on deal teams that include programmatic investment and legal colleagues to execute new investments including thesis formation sourcing initial evaluation investment shaping with company executives and co-investors structuring due diligence and financial modeling and negotiation of legal documentation
Partner closely with programmatic colleagues to understand the evidence base policy landscape and philanthropic goals in critical investment areas
Present investments to AVs Board of Directors
Manage portfolio investments including relevant board observer responsibilities
The salary range for this position will be $150000-$190000.
Benefits Overview
AV is committed to providing a robust and comprehensive benefits package to eligible employees. Our current benefits package includes 100% paid employee premiums for medical dental vision basic life and short- and long-term disability insurance; 20 days of paid time off 16 paid holidays (including a winter break from December 24 to January 1) a hybrid policy that includes four days in office and one flexible day for remote work and a summer schedule with alternating Fridays off beginning on Memorial Day and ending on Labor Day; paid parental leave; a 401k retirement savings plan with an employer match profit-share contribution and immediate vesting; pre-tax transit benefits; a professional development stipend; a charitable giving stipend; and an employee assistance addition a relocation bonus is available for candidates who will move to one of AVs three office locations for a position.
Our Culture and Core Values
Our culture seeks to inspire and empower our people to innovate and develop bold ideas that will help AV achieve lasting impact. Our culture and the core values that support it should create an environment that spurs our team to think outside the box feel comfortable pushing the boundaries of what is possible and signal confidence in our teams ability to make change happen through our philanthropic efforts. Although not an exhaustive list below youll find examples of AVs work culture.
We are adaptable and comfortable with ambiguity
We are intellectually curious open-minded objective humble collegial and receptive to feedback
We are action-oriented with strong self-direction and self-motivation skills with the ability to work simultaneously on multiple projects
We are able to interact confidently and collaboratively with team members and navigate relationships with external experts government leaders advocates and individuals
AVs values reflect who we are as an organization help us accelerate our strategic goals strengthen our resolve anchor us to our mission and guide our decision-making. The successful candidate will also demonstrate the following core values that inspire the AV team to make a difference.
Respect for Ourselves & Others
Audacious Action
Collaborative Engagement
Depth of Thought
Clear Communication
AV is an equal opportunity employer committed to an inclusive workplace. We are seeking applicants from a variety of backgrounds and with a variety of experiences and perspectives. Candidates who have been impacted by the systems we are seeking to change are strongly encouraged to apply. All qualified applicants will be considered for employment without regard to race color religion national origin age sex gender identity or expression marital status sexual orientation disability military/ veteran status or any other characteristic protected by applicable law.
5 years of investment experience with leading venture capital or private equity/credit firms investment banks or developers
Excellent financial transaction experience and financial analysis modeling and due diligence skills
Strong understanding of business fundamentals ability to identify and diligence key components of an investment thesis
Excellent oral and written communication skills with the ability to communicate investment and financial concepts to diverse nontechnical audiences
Required Experience:
Senior IC
Employment Type
Full-Time
