| June 5, 2024

Impact Investment Officer, Health and Social Impact

Guest Author

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Website Robert Wood Johnson Foundation

The Robert Wood Johnson Foundation (RWJF; the Foundation), located in Princeton, N.J., is the largest philanthropy in America dedicated solely to health. Since 1972, we have focused on developing and promoting innovations in health and healthcare to improve the lives of millions. In partnership with others, we are working toward a nation that is rooted in equity, compassion, and respect; a nation that provides everyone in America a fair and just opportunity to thrive, no matter who they are, where they live, or how much money they have. This requires addressing many harmful obstacles to wellbeing, including poverty, powerlessness, and discrimination.

We take seriously our responsibilities, and we pledge to work in ways that reflect our Guiding Principles. These are rooted in equity and influence everything we do at RWJF. Equity, diversity, inclusion (EDI), and collaboration enable our staff’s wide range of experiences, passions, and perspectives to enrich our work and strengthen our ability to address our nation’s most pressing health issues. Our efforts to build a Culture of Health and achieve health equity require us to dismantle structural racism and other barriers to health. Part of this work includes actively shaping an inclusive organization where all staff thrive as we build and use our capabilities, voice, and power to advance health equity. The Foundation offers a collaborative, collegial, and creative work environment. With a career at the Robert Wood Johnson Foundation, you will make a difference.

 

About This Opportunity

Reporting to the senior director, Impact Investments, the impact investment officer contributes to the development, implementation, and ongoing management of RWJF’s impact investing program to improve health and healthcare. Their primary responsibilities include providing intellectual and organizational leadership in identifying areas where debt, equity, and guarantees can further the Foundation’s programmatic objectives, underwriting and structuring investments and monitoring the financial and programmatic performance of investments over time. In addition, the impact investment officer maintains relationships externally with co-investors and represents the Foundation on panels and at conferences.

RWJF uses impact investments (debt, equity, guarantees) to complement its grantmaking. The impact investment officer will work closely with Program staff to identify sector-level issues that lend themselves to investment; develop a capital strategy; identify or create transactions; and assist in the ongoing learning, evaluation, and asset management of transactions.

This position works with multiple partners and the ideal candidate must have the right blend of hard and soft skills, including a finance or banking background, evidence of sustained idea generation, an understanding of the social/impact investing sector, and a passion to use capital to make a difference. The candidate must have strong written and oral presentation skills and an understanding of how to present to, and work with, an investment committee.

As with staff at all levels of RWJF, the investment officer is expected to demonstrate a passionate commitment to equity and the Foundation’s mission and Guiding Principles.

 

Essential Job Responsibilities

  • Shape, implement, and manage investment strategies in support of relevant RWJF initiatives (20%).
  • Work with Program staff and Impact Investment staff to develop a pipeline of investment opportunities that addresses a critical capital barrier in a sector (20%).
  • Convene external experts and gather and synthesize input, data, and research to inform strategy development (20%).
  • Evaluate the credit quality of each investment. Structure transactions to achieve programmatic and financial objectives (including financial analysis, investments structuring, pricing decisions, overall investment recommendation) (20%).
  • Other (20%).
  • Underwrite transactions for risk and impact, present to the Investment Committee, lead the closing process, and, over time, coordinate with the portfolio manager on capital calls and ongoing asset management.
  • Work with colleagues in Law, Finance, and Grants Management to ensure all necessary information is available to meet internal communication needs.
  • Establish relationships with key external partners—including within the market-rate and social capital markets—to leverage RWJF’s investments with funds from other aligned investors.
  • Represent RWJF at external gatherings, e.g., on panels, in social media.
  • Work with staff and consultants to assess, evaluate, and disseminate results of programs and projects. Work with staff to develop measures of impact for major programs and activities.
  • Work with staff and consultants to harvest learnings from transactions and to actively disseminate results and learnings to other staff, grantees, and the field.
  • Work with other key units across the Foundation involved with communications, particularly in dissemination through websites, social media, research, evaluations, and learning.
  • Actively participate in team activities and improving team functioning, including compliance with team norms, and providing support and backup for team members.
  • Partner/collaborate with the director and team to provide insight and guidance on programmatic strategies and impact investing.
  • Work independently but use judgment to identify important checkpoints.
  • Act as a coach/mentor to other team members and as a role model to staff.

 

Minimum Requirements

  • Commitment to racial and health equity and the Foundation’s vision, values, and Guiding Principles.
  • Experience working effectively in and fostering an inclusive environment as part of a multidisciplinary team with people from diverse cultural, social, and ethnic backgrounds.
  • Demonstrated experience underwriting debt and equity transactions. Experience in private credit is desired.
  • Strong interpersonal and communication skills necessary to interact as a team member with diverse Foundation colleagues.
  • Able to think creatively about opportunities to create and respond to novel and innovative approaches and to inspire others to work toward achieving Foundation goals.
  • Able to synthesize material, focus quickly, and identify opportunities while continuing to see the big picture.
  • Strong written and verbal skills; demonstrated persuasive and respectful presentation skills for communication with internal leadership and external high-level stakeholders, and people from the communities we are working to reach on a range of complex issues.
  • Ability to travel; including site visits and representing the Foundation at outside meetings.
  • Bachelor’s degree in finance, urban planning, or related field, or the equivalent combination of education and experience. Advanced degree in related field is preferred.
  • Minimum 8–10 years’ experience in banking, finance, real estate or private equity, or community development.

 

ID:0000109

To apply for this job please visit www.rwjf.org.