Senior Director, Fund Management and Client Services

Job DetailsJob Location: Legal Address - SAN DIEGO, CA 92110Position Type: Full TimeSalary Range: $135,000.00 - $165,000.00 Salary/yearAbout 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. You have led analysts or fund managers before, and know how to balance hands-on technical depth with coaching others to do the same. 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 MD, Fund Services (your supervisor). Your responsibilities as Senior Director, Fund Management and Client Services will include the following:  Fund & Client Management:  Overall fund management: Oversee a portfolio of funds and client relationships, serving as dedicated fund manager responsible for the full life cycle and operation of assigned funds Client management: Serve as the primary point of contact for assigned client partner relationships. Lead client/partner meetings, including setting agendas, taking minutes and following up on resulting action items. Governance: Support fund governance processes for assigned funds, including preparing materials and managing the calendar for Investment Committee and fund advisory board meetings, and maintaining accurate records of consents, waivers, and other governance actions taken over the life of each fund.  Investment analysis and due diligence: Screen, underwrite and produce credit memos for investment opportunities/deals for funds under management. Present deals to the MDF Credit Committee and Investment Committee. Collaborate with the Investment Team to ensure alignment on underwriting processes and quality standards. Coordinate with the Borrower Services team to close investments.  Liquidity management: Model and manage cash flows, distributions, and commitments, ensuring appropriate liquidity for fund vehicles using existing tools or self generated tools 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, Prepare portfolio updates for the MDF Investment Committee on a quarterly basis, or as requested.  Investor Reporting: Partner with other Fund Services and IT team members to produce quarterly, annual and ad-hoc investor reports for funds under management. Where client/partners are involved in the process, manage coordination between MDF and client/partners to complete reports.  Data collection & analytics: Partner with other Fund Services team members, Investment Management team and IT team on portfolio financial and impact data collection to ensure there is quality data to produce reporting and analytics for managed funds Cross functional collaboration: Coordinate closely with internal teams (Investment Management, Legal, Accounting & Finance, IT) to ensure execution on fund and client deliverables according to time and quality expectations Information management: Ensure all client and partner information is accurately maintained, organized and updated in all storage drives, systems and trackers.  Onboard New Funds to MDF Platform Support the MD, Fund Services (and other executives) on new client-partner engagements to build and onboard new funds onto MDF’s platform, including the following:  Producing initial fund models to support design of new funds  Collaborating with clients to develop initial underwriting tools (e.g. underwriting criteria, application process, deal screener, credit memo templates)  Underwriting initial/pilot deals Collaborating with functional teams to get them up to speed and to assist with onboarding activities  Partner with the MD, Fund Services to shape and drive process and content improvements to MDF’s Fund Services division  As requested, support preparation of proposals and business development efforts with new client partners  Team Leadership Lead a small, diverse team with varying areas of focus, ensuring optimal performance by providing constructive feedback and identifying opportunities for growth and development. Set clear goals for the team while monitoring progress regularly, and implement strategies to ensure the team meets targets and deadlines. Act as a bridge between leadership and team members, facilitating clear communication and understanding of expectations, objectives, and organizational goals. Adeptly navigate complex situations, swiftly identify challenges, and implement effective solutions Contribute actively to cross-functional collaborations and projects, leveraging diverse perspectives to drive innovative outcomes. 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 QualificationsDesired 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: 10+ years of relevant experience structuring fund vehicles, executing private credit investments, or managing loan portfolios 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  Proven track record supervising, coaching, and developing Director- and Associate-level staff, and building high-performing teams around a shared vision and goals Strong ability to manage a high volume of complex projects that are in different stages through excellent planning, organizational, and time management skills 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 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: 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 some people 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 Senior Director level role with an annual salary range of $135,000 - $165,000 per year, plus company incentives, based on your unique skills and experience. 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. This position includes company standard benefits: Generous time off plan along with 15 paid holidays Remote and flexible work schedule and environment Flexible time off for vacation  401k retirement plan with 4% employer match Monthly stipend for work-from-home expenses 12 weeks of paid parental leave for birthing and non-birthing parents $500 monthly stipend towards health care costs Access to company health/dental/vision & FSA & HSA plans  Participation in company incentive program(s) including the V3 employee investment fund Up to $1,250 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. 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.