Website Arnold Ventures
About Arnold Ventures
Arnold Ventures is a leading philanthropy organization dedicated to tackling some of America’s most pressing problems through deep, evidence-based solutions. The organization focuses on maximizing opportunity and minimizing injustice in areas such as criminal justice, health, education, and public finance reform. By leveraging rigorous research and strategic investments, Arnold Ventures aims to drive public conversation, craft effective policy, and inspire impactful action. Established by Laura and John Arnold, the organization has built a reputation for taking audacious action and fostering collaborative engagement. The team is known for its intellectual curiosity and commitment to producing in-depth research that informs policy and practice. Arnold Ventures collaborates with a range of stakeholders, including government leaders, advocates, and external experts, to create sustainable change. Arnold Ventures is also committed to a diverse and inclusive work environment, recognizing that varied perspectives enhance the quality and impact of its work. The organization encourages applications from candidates of diverse backgrounds, especially those from historically marginalized communities and individuals impacted by the systems it seeks to reform.
About this Role
Arnold Ventures is seeking a Director of Impact Investing to lead initiatives focused on affordable housing. As a key member of the Impact Investing team, the Director will be responsible for sourcing, underwriting, and structuring impactful investment opportunities within the affordable housing sector. The role aims to leverage capital markets to drive innovation and address the affordable housing crisis on a large scale. The position is to be based in either Washington, DC or Houston offices and will report to the Executive Vice President of Impact Investing. Initial investments will prioritize high-impact affordable housing projects and focus on closing financing gaps for underrepresented developers. The Director will manage current investments and cultivate relationships with future and existing investees to promote Arnold Ventures’ work.
Responsibilities
- Source and lead due diligence on impact investment opportunities supporting underrepresented developers or high impact housing projects across at least one focus investment region.
- Support the structuring, negotiating, and execution of equity investments, including performing underwriting on developer enterprises and/or affordable housing projects.
- Manage and support investments in partnership with the portfolio manager and finance and legal teams.
- Develop and manage relationships with future and current investees to cultivate investment opportunities and market awareness of Arnold Ventures’ work.
- Bolster Arnold Ventures’ effort to support the growth of impact investing within the affordable housing sector by engaging and working with key investors and developers within the sector.
Requirements
- Bachelor’s degree required, or equivalent affordable housing finance experience.
- 7+ years of relevant work experience including within the affordable housing financing sector, and making equity investments in affordable housing projects and developers.
- Demonstrated understanding of affordable housing developers and barriers to growth.
- Excellent financial analysis and modeling skills.
- Exceptional strategy development, project management, and organizational skills.
- Excellent oral and written communication skills, with the ability to communicate key takeaways to diverse, nontechnical audiences.
Benefits
- 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 9/80 schedule from Memorial Day to Labor Day.
- Paid parental leave.
- A 401(k) 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.
- An employee assistance program.
