| May 20, 2024

Integrated Capital Officer, Restorative Economies Fund

Guest Author

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Website Kataly Foundation

About Kataly Foundation

 

Kataly Foundation, a family foundation based in the San Francisco Bay Area, supports restorative economics, environmental justice, mindfulness and healing justice, and racial justice. Founded in 2018 with the intention of spending out a $445 million endowment over a ten-year time horizon, this growing organization intends to support movements around these issues and serve as a progressive leader in philanthropy.

Kataly’s mission is to support and provide resources to communities and social movements that are exploring new solutions to persistent, systemic problems. Kataly does this while embracing its role and responsibility in changing systems that led to wealth extraction from these communities in the first place. Kataly moves resources to support the economic, political, and cultural power of Black and Indigenous communities and all communities of color. By transforming its own relationship to capital, the planet, and each other, the Kataly Foundation will redistribute and redefine wealth in a way that leads to transformation, abundance, and regeneration.

Kataly appreciates that the culture the team builds internally is as important as the work done externally. The Kataly team practices the organization’s values of transparency, experimentation, interdependence, accountability, and healing both internally and externally. For example, Kataly published a failure series to share openly and transparently with the field on where they made mistakes and how they could do better going forward. In the Restorative Economies Fund team, there is specific time set aside to ensure the team is tending to culture as well as tending to the day-to-day work. This includes regular temperature checks on how team members are in relationship with each other. Finally, the Kataly team is honing internal practices of collaborating across teams to ensure that they are sharing information, experimenting, and working on cross-team relationships.

One important distinction of the Kataly Foundation is that its approach is meant to be inclusive of the communities it seeks to fund. Pursuing a “practitioner-funder” philosophy, the Foundation actively engages leaders in the fields it supports to help make grantmaking decisions. Kataly aims to center solutions where the problems are. In addition, the Foundation is committed to solidarity philanthropy practices: general operating support, creative use of capital, and a commitment to capacity building and network weaving.

Learn more about Kataly Foundation at www.katalyfoundation.org.

Kataly’s Program Areas include:

Restorative Economies Fund: The Restorative Economies Fund (REF) invests resources into community-owned and governed projects led by people of color that create shared prosperity, self-determination, and build collective power. REF is an integrated capital fund, which means the Fund combines grants with non-extractive investments (loans, loan guarantees, lines of credit, etc.) and non-financial support including technical assistance or strategic advice.

Environmental Justice Resourcing Collective: The Environmental Justice Resourcing Collective (EJRC) is a group of nine women of color movement leaders who are resourcing work that builds power in communities of color, and grows movements for racial, social, economic, and environmental justice. The Collective funds work led by and for the communities most impacted by environmental racism, climate change, and unjust systems.

Mindfulness and Healing Justice: The Mindfulness and Healing Justice (MHJ) program supports community-based mindfulness programs, teacher training, leadership development, and healing justice practices for Black and Indigenous communities, and all people of color. MHJ centers mindfulness and healing in the service of racial justice, power-building, and collective liberation.

Kataly is working toward a world in which Black and brown people have the resources, power, and agency to execute their own visions for justice, well-being, and shared prosperity within their communities.

Kataly believes our fates are intertwined and ensuring self-determination for communities of color is in service of our collective liberation.

Responsibilities will fall in the following areas:

Management of Integrated Capital Investment Portfolio (50%)

  • Ensure complete bi-annual reports are provided to and received by our donor-advised fund provider for each borrow in a timely manner.
  • Review bi-annual reports to assess the financial and operational health of each borrower, and follow-up to receive responses to any questions or concerns about the materials provided.
  • Prepare a bi-annual report of each organization summarizing compliance with the loan agreement and assessment of impact.
  • Evaluate portfolio-wide performance based upon analysis of bi-annual reports.
  • Contribute details of portfolio assessment to data tracking and storytelling for the Restorative Economies Fund.
  • Present portfolio updates to the REF Team, Staff and the Board as required.
  • Make amendments to loan documents and notes to credit files as needed.
  • Conduct research and analysis on trends, gaps, and general observations about the overall qualitative and quantitative performance and impact of REF’s investments.

Relationship Management (15%)

  • Alongside the Chief Investment Officer, conduct periodic check-ins with our portfolio community to assess the current state of business, including the social and economic conditions of the communities being served and organizational needs where Kataly may be able to provide or facilitate support.
  • Participate in funder briefings to capture critical updates and advocate for each borrower.
  • Identify impact stories to share the Kataly Foundation team and the field in consultation with the Managing Director, REF, and Director of Communications.
  • Participate in events hosted by ecosystem partners to maintain a current awareness of the state of the field and build strategic partnerships to support the work.

Loan Underwriting (20%)

  • Assist Chief Investment Officer in underwriting and closing new loans, which includes, but is not limited to (30% of overall scope):
  • Assessing community risk;
  • Assessing financial risk;
  • Reviewing financial statements and impact reports;
  • Tracking the status of underwriting
  • Ensuring items on the due diligence checklist are received in a timely manner
  • Preparing sections of the credit memo
  • Proofread and final preparation of credit memo and materials necessary to share with donor advised fund for underwriting.

Grants Administration (10%)

  • As required, support the REF Program Officer with new grantee inquiries and managing the grants waterway.
  • Support the REF Program Officer in preparation of grant memorandums for review, discussion and approval.
  • Participate in the decision-making meetings for new grantees.
  • Contribute to special projects for grant administration as required.

Operations and Administration (5%)

  • Identify and develop systems to improve upon current processes.
  • Contribute to annual and period budget goals for the Restorative Economies team.
  • Contribute to database management in Salesforce.
  • Collaborate with Kataly team members on projects when appropriate.
  • Contribute to the development and well-being of the REF and broader Kataly team culture.

 

Candidate Profile
The Ideal Candidate:

Kataly believes that organizations which are led by people from the communities they serve are ultimately able to manage resources and risk more effectively and has invested 100% of the REF’s portfolio in BIPOC-led organizations. As the primary focus for this role will be relationship management, the ideal candidate will be comfortable working with diverse populations in a transparent way and will center the needs of our community. Additional desired skillsets include:

  • Minimum 5+ years experience in economic development, investing or lending, financial advocacy, or social movement space.
  • Strong verbal and written communications skills and ability to manage internal and external stakeholders.
  • Comprehensive understanding of financial terms, budgets, and financial reports, and comfort with detail-oriented numbers work.
  • Ability to work independently and interdependently, depending on the nature of the work.
  • Strong analytical skills and ability to draw conclusions based on financial and impact information.
  • Strong organizational skills and attention to detail.
  • A deep understanding, ongoing curiosity, and assessment of systemic and institutional racism and how it impacts risk assessment.

Kataly Foundation highly encourage applications from candidates beyond impact investing and finance, especially those who have experience working in social movements and with diverse viewpoints, and who are committed to advancing racial and economic justice.

Compensation & Benefits

Salary is competitive and commensurate with experience. The salary range for this role is $145,000 – $155,000. Kataly offers a comprehensive benefits package.

Group Insurance Benefits: Fully paid premiums for group health, dental, vision insurance, long-term disability, life insurance, and a supplemental health insurance plan intended to cover a substantial portion of out-of-pocket costs from the primary health, dental, and vision plans.
Kataly 401k Contribution: An employer 401k contribution of 15% of salary (up to the legal maximum), regardless of whether an employee makes their own contributions to the plan.
Paid Time Off (PTO): A generous PTO program that can be used for any purpose.
Paid Sick Time (PST): PST accruals for time off separate from and in addition to PTO.
Other Time Off: At least 11 paid holidays, a two-week operations shut-down during the last and first week of the year, full days off to vote or work at the polls, and two floating holidays.
Reflection Week: A week where employees are free from their usual meetings and deadlines to engage in deep reflection around a topic related to their work at Kataly.
Paid Leaves of Absence (LOA): Up to four months paid LOA for pregnancy disability (from day one of employment); up to four months paid LOA for family and medical leave (after one year of employment), and up to eight weeks of unpaid personal leave.
Employee Discretionary Grants Program: A discretionary grants program for employees to direct grants to organizations of their choosing.
Professional Development Budget: An annual allocation for employees to attend job-relevant conferences, meetings, seminars, and other educational events or to engage an executive coach to work on a work-related topic.
Home Work Space Budget: A generous budget when an employee first joins Kataly to create a comfortable, safe, and efficient home workspace.
Work From Home Monthly Allowance: A monthly allowance for employees to pay a reasonable percentage of business-related expenses incurred from working from home (e.g., wireless plan, internet plan, utilities, etc.)
Cell phone: Money towards a new cell phone (owned by the employee) every three years.

 

 

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