What are the responsibilities and job description for the VP, Impact Capital Catalyst position at IFF?
Title: :VP, Impact Capital Catalyst
Employee: :Status: :Full Time-Exempt
Grant :Funded: : No
Salary: Salary Grade 8. This salary grade starts at $121,600
Reports: to: :Chief Financial Officer
Matrix :Reporting: : N/A
Department: :Core Operations
Location: :Chicago, IL or Detroit, MI
Department: Function: :
The Department is responsible for providing and maintaining adequate capitalization to support IFFs work and maintain IFFs Balance Sheet strength.
The Organization:
IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and healthy food grocery operators. Staff contribute extensive business experience and an unrivaled connection to the mission of IFF to the clients we serve.
IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.
Equity, Diversity, and Inclusion:
Partnering to create thriving communities is at the heart of everything we do. We leverage knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.
Employee: :Status: :Full Time-Exempt
Grant :Funded: : No
Salary: Salary Grade 8. This salary grade starts at $121,600
Reports: to: :Chief Financial Officer
Matrix :Reporting: : N/A
Department: :Core Operations
Location: :Chicago, IL or Detroit, MI
Department: Function: :
The Department is responsible for providing and maintaining adequate capitalization to support IFFs work and maintain IFFs Balance Sheet strength.
The Organization:
IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and healthy food grocery operators. Staff contribute extensive business experience and an unrivaled connection to the mission of IFF to the clients we serve.
IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.
Equity, Diversity, and Inclusion:
Partnering to create thriving communities is at the heart of everything we do. We leverage knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.
Basic Job Function:
The VP, Impact Capital Catalyst will be responsible for accelerating the flow of capital between new and existing investors and nonprofits in IFF’s full-service markets. The position will preferably be located in Chicago or Detroit, but will include additional geographic coverage of IFF’s Full-Service Markets, which as of now includes Chicago, IL, Detroit, MI, St. Louis and Kansas City, MO. The VP, Impact Capital Catalyst will sit between the supply and demand of capital to make markets more efficient by connecting stakeholders in the marketplace to the pipeline of projects cultivated by IFF.
The individual will cultivate a network of investors across the capital continuum, understand their requirements, structure investment vehicles as necessary to optimally utilize that capital, and leverage IFF’s knowledge and skillsets to make projects happen. The VP, Impact Capital Catalyst will report to the Chief Financial Officer and will work closely with the CEO, President, Core Business Solutions, the Executive Directors based in Detroit, Chicago, and St. Louis, and the Vice President of Strategic Partnerships & Resource Development, the VP of Equitable Community Development, and the Senior Vice President Capital Solutions.
Job Duties and Responsibilities::
- Work with IFF colleagues to raise impact capital for IFF and develop a pipeline of supply and demand of capital to advance complex nonprofit projects.
- Supply:
- Working in coordination with the Managing Director of Resource Development, Executive Directors, and the President Core Business Solutions, develop relationships with key foundations and impact investors to both ascertain their investing preferences (by geography, sector, and financing vehicle) and raise impact investments for IFF.
- Representing IFF in public forums, conferences and meetings and actively seek out opportunities to publicly share insights from our work.
- Demand:
- Working with the SVP Capital Solutions, SVP Real Estate Solutions, Executive Directors and VP of Equitable Community Development, curate a pipeline of projects that require financing aligned with the above supply of impact investing possibilities.
- Structure new investment vehicles in tandem with the Chief Financial Officer and President, Core Business Solutions.
- Responsible for preparing quarterly and annual impact reports
- Monitors compliance with fund deployment commitments made to impact investors.
- Works closely with VP, Community and Business Insights on the assessment of the impact of investments made, as well as evaluating the efficacy of the impact metrics in attracting impact investors.
- Maintains clean CRM records of relationships
- Actively supports IFFs endeavor to becoming a learning organization and contributes to the One IFF culture.
- Maintains required job knowledge, skills, and core professional competencies. Attends and participates in required educational programs and staff meetings.
- Performs other duties as required.
Performance Measures::
- Leadership in building IFF’s role as VP, Impact Capital Catalyst, including diversification of IFF’s investor base and raising agreed upon levels of impact investments.
- Proactive and effective external relationship management and tracking.
- Ability to effectively communicate IFF’s value proposition and codify learning.
- Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
- Models personal accountability that promotes ownership and engagement.
- Builds and maintains effective working relationships with colleagues, peers and team members.
- Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
- High level of satisfaction with both internal colleagues and external contacts.
Position Qualifications::
Education: Master’s Degree in business strongly preferred, management, community development, or a related field.
Previous Experience: Ten years of experience with increasingly responsible management and financial roles and a comprehensive working knowledge in community development finance, human services, real estate development or a related field.
- Experience with investors and investment products required.
- Experience with financial packaging and structuring preferred (e.g., New Markets Tax Credits).
- Demonstrated leadership and management skills and a track record of career growth and success.
- Excellent written and oral communication skills and excellent interpersonal skills.
- Ability to recognize and communicate strategic opportunities.
Additional Requirements: Regular regional travel required. Occasional evening and weekend work may be required.
IFF does not offer relocation packages; must be authorized to work in the United States; IFF does not offer sponsorship.
Application Instructions:: :Please visit our: Careers section of our website to apply online. Both a resume and cover letter are required.:
IFF values equity, diversity, and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer and is committed to building and maintaining a culturally diverse workplace that is free of discrimination and harassment of any kind. We encourage women, minorities, individuals with disabilities and veterans to apply. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.
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