Social Finance is a national impact finance and advisory nonprofit. We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Since our founding in 2011, we have mobilized $350 million in new investments designed to help people and communities realize improved outcomes in education, economic mobility, health, and housing.
We are driven by the belief that social and economic systems should enable all people to thrive, and the conviction that we can create the most meaningful and measurable change in our communities when governments and markets work together. Our organization is built upon five core values: people, performance, integrity, collaboration, and inclusion.
We work across three practice areas: Impact Investing, Impact Advisory, and Field Building. Through our Impact Investing portfolio, we design, launch, and manage impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. In our Impact Advisory practice, we work alongside impact-focused leaders to implement data-driven practices that deliver better outcomes. And in our Field Building work, we share firsthand learnings and best practices to catalyze social impact in the field. We continually challenge ourselves and our partners to use funding and data in innovative ways to create lasting impact.
In 2019, Social Finance launched the UP Fund, a $50M pool of catalytic capital investing in Career Impact Bonds (CIBs) to help low-income students secure good jobs. We are looking to scale our impact with CIBs by partnering with state governments and local workforce funders to create self-sustaining pools of job training dollars called Pay It Forward Funds (PIFFs). These place-based funds support individual CIBs that bring together student-centric financing structures and support services to help individuals upskill with high-quality training providers, realize increased incomes and achieve upward economic mobility.
We’ve received significant philanthropic support to take this model across the country, and we’re looking for a motivated, collaborative, and impact-oriented financial professional who can help us identify, originate and execute this series of place-based workforce development loan funds.
Reporting to the Managing Director, Impact Investments, the VP will also work closely with colleagues who manage relationships with philanthropists, investors, corporations, federal officials and policymakers.
Build coalitions to envision and create impact
In coordination with colleagues, the VP will be expected to plan and implement business development activities to expand our PIFF work and increase the scale of this strategy
- Source, vet, and establish new relationships and alliances to further Social Finance’s mission and to help advance PIFFs, including with state and local governments, advocacy organizations, policy institutes, industry associations and players, and policy influencers
- Collaborate with the broader Social Finance team, including colleagues in Communications, Impact Advisory, and Impact Investing, to design and execute outreach strategies and ensure an informed and coordinated approach to external stakeholders; leverage outreach and relationships to identify new opportunities for Social Finance
- Help take ideas from concept to reality by creating MOUs, drafting concept notes or proposals, and creating action plans with partners
Oversee fund development and deployment
The VP will be expected to oversee teams to assess and prioritize PIFF opportunities for further development and eventual launch.
- Identify available funding sources including public, philanthropic, and private capital
- Structure investment capital to allow for achievement of both financial and impact objectives
- Design the PIFF program and create the fund structure to operate within the local workforce objectives and regulatory framework as well as capital recycling goals
- Deploy capital to meet fund objectives; provide oversight of impact measurement and financial reporting
- Provide ongoing management of stakeholder relationships including those with funders, providers, servicers, and employers
- Coordinate workstreams among the different PIFFs to identify and aggregate learnings, leverage operational efficiencies, and foster economies of scale
Proactively build the field
The VP will be expected to actively seek out opportunities to highlight the firm’s work and to explore new areas of opportunity to drive forward the mission. This includes:
- Representing the firm in public forums, conferences, and meetings, ranging from participating on panels to testifying before legislatures.
- Seeking out opportunities to publicly share outcomes and insights from our work, including through creating through white papers and articles, designing and implementing convenings, helping to design leadership trainings, contributing to research and/or books, and other efforts to push forward to emerging field
Each Social Finance VP serves on the firm’s Leadership Team and contributes to the development of staff and of the firm, including:
- Partnering with the firm’s Senior Team to set external strategy, manage progress toward our short- and long-term goals.
- Playing a major role in coaching, mentoring, and developing all levels of staff, empowering and motivating them to work independently and grow professionally.
- Supporting Social Finance’s talent management efforts via recruiting, serving as a development manager, and participating in ongoing performance management.
- Supporting internal capacity building efforts, including the firm’s DEI efforts, professional development processes, and issue area teams.
- Minimum 12 years work experience within financial services, which may include banking, investment banking, asset management, or fund management
- Advanced degree or equivalent experience
- Experience influencing and working with a variety of stakeholders, including policy makers, on strategy development and execution
- Demonstrated ability to build and maintain relationships across sectors and to bring diverse groups together toward the achievement of common goals
- Very strong written and verbal communication skills (e.g., policy papers, op-eds, conference presentation), with the ability to translate Social Finance’s mission and vision to appeal to a wide array of audiences
- Demonstrated interest in and knowledge of key issues in social issues, public policy, programmatic interventions, and/or impact investing
- Experience working across multiple projects simultaneously
- Comfortable and able to thrive in a fun, collegial, fast-moving team environment
- Entrepreneurial approach to work and excited by innovations that can catalyze large scale
- Experience managing and developing direct reports
- Commitment to enhancing a team culture of inclusion, belonging and equity
- The following are not required, but would be considered as a plus for your candidacy:
- Experience in or with the systems we seek to impact
- Direct experience with workforce development entities
At Social Finance, we strive to deliver a benefits program that will enhance our overall value proposition to employees. Our current benefit offerings include:
- Comprehensive health care coverage: medical, dental and vision insurance; flexible spending accounts; Employee Healthy Actions programs and more
- Retirement savings plan with employer contribution
- Short-term, long-term and life insurance policies
- Commuter benefits and cell phone reimbursements
- Hybrid work model (in office three days per week, work from home two days per week and on an ad-hoc basis as needed)
- Dedicated budgets for team building and employee recognition
- Annual budget for external professional development opportunities
- Mentorship and onboarding programs
- Collaborative and energizing workspaces in downtown Boston, San Francisco, Austin and Washington, D.C.; establishing office in NYC in late 2022
- Paid vacation and paid holidays (with 12/24-1/1 off every year)
- Paid parental leave
- A truly stellar team of high performing, values-driven and fun (!) professionals
Social Finance uses a lockstep compensation model for purposes of equity and transparency - we strive for everyone coming in at a given level to be paid equitably. For this position, at the Vice President level, the starting base salary is $190,000; however, during the interview process, we will take into account a candidate's full work experience and may adjust the job title, and commensurate starting salary, as appropriate. At this level, employees receive an automatic $5,000 adjustment annually and a bonus of 5-10%.
Review of applications will begin immediately. No phone calls, please.
Applicants must be permanently authorized to work in the United States on a full-time basis.
Please note that, at this time, to be in-person at a Social Finance office, client location or Social Finance-sponsored event, you must be fully vaccinated against COVID-19, including receiving a booster shot.
Social Finance, Inc. is an equal opportunity employer, and all qualified applicants will be afforded equal employment opportunities without discrimination because of actual or perceived race, color, national origin, sex, age, religion, creed, disability, marital status, citizenship, ancestry, personal appearance, sexual orientation, gender identity or expression, political affiliation, military status, status as a protected veteran, genetic information or any other legally protected status.
When submitting your resume below, please submit as a PDF. Thank you!