Great vacancy Portfolio Associate hiring now
Job Details: Portfolio Associate
Full details of the job.
REDF is a pioneering venture philanthropy organization that invests exclusively in the growth and effectiveness of employment social enterprises―mission-driven businesses dedicated to helping people who otherwise would be shut out of the workforce, get jobs, keep jobs, and build a better life. Since 1997, REDF has provided funding and specialized advisory services to over 177 social enterprises in 26 states. Together, these businesses have employed over 36,000 people, and earned $720 million in revenue (and counting).
REDF’s Venture Philanthropy Portfolio team makes grants and loans to some of the most effective and innovative social enterprises around the country, and provides specialized, hands-on, advisory services to help their businesses grow, and their employees thrive. We apply principles of private equity and social equity to invest in solutions that generate a social return on investment – more people employed, higher incomes, more stable housing, and reduced recidivism.
We are looking for an Associate that will help REDF’s portfolio of social enterprises further their impact and scale by providing targeted business and programmatic assistance as well as advisory support. The Associate will play an instrumental role in REDF’s overall portfolio and programs strategy development, due diligence, and field-building activities. The role involves a high-degree of visibility with the social enterprise leadership teams (including CEOs), external partners, and senior colleagues at REDF (including at times REDF’s board).
Primary Responsibilities include but are not limited to:
Social Enterprise Technical Assistance
Working closely with social enterprises across REDF’s various programs (National Portfolio, Accelerator, Impact Lending), identify and manage high-quality strategic projects that proactively address challenges and support the growth of REDF social enterprises. A typical project will touch on one or more of the following: new-business feasibility analysis, market research, operational and financial planning, business planning, operational and performance analysis, data capture and evaluation, or program design development.
Present findings and insights stemming from projects to REDF portfolio staff; leverage insights to contribute to REDF’s investment decision processes
Programs Strategy and Management
Contribute to due diligence process across REDF’s programs; screen applications, conduct research on applicants, participate in investment discussions
Take on lead relationship management role (where appropriate) for social enterprises in REDF’s Strategic Grants and Impact Lending programs
Participate in monthly meetings for designated portfolio organizations; build and maintain trusting relationships with social enterprise staff
Work with REDF Portfolio Managers to set and review agency and enterprise progress against goals, including initial goal-setting, mid-year assessments, and periodic reviews
Assist in the development and execution of REDF’s strategy and goals
Social Enterprise Field Advancement and Model Development
Codify insights and lessons-learned into tools or other products that can be used by social enterprise practitioners
Represent REDF at external forums and conferences to foster knowledge sharing and further the discourse around supportive employment and second-chance hiring
Bachelor’s degree with a minimum of 2+ years of experience in analytically-driven roles
Ability to independently setup and execute appropriate analyses for portfolio groups; demonstrated ability to draw conclusions and make concrete, actionable recommendations based on analysis
Well-developed interpersonal skills, including diplomacy, tact and patience; will represent REDF well with social enterprises or external partners
Ability to elicit information from, and provide guidance to, people with a wide range of cultural backgrounds, training and experience; experience working with mixed cultures and skill levels
Enjoys working both independently and as part of a broader team
Works well with some degree of flexibility and ambiguity
Proficiency in Microsoft Office suite (i.e., PowerPoint, Excel, Outlook)
Ability to travel up to 30% to visit portfolio organizations
Ability to work in an open office environment
Experience with businesses in multiple industries, including small businesses
Experience working with nonprofit agencies and nonprofit-run businesses
Experience with job training and job creation programs employing disadvantaged people
: Position is considered sedentary and no unusual physical requirements are necessary to perform most daily tasks. Certain computer applications, programs, and documents may require an ability to differentiate colors, shapes, and symbols.
Ability to help craft REDF’s next 15 years of impact
Work with passionate, dedicated people
Apply your passion for social change in your career
Operate with a high degree of autonomy in a fast-paced, dynamic environment
Competitive, comprehensive benefits package
Please submit your resume and cover letter through REDF’s online applicant porta
for additional job opportunities with REDF.
REDF is an equal opportunity employer and is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees, and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation. REDF encourages employment applications from people who are representative of the culturally and ethnically diverse communities REDF serves.
The What, Why, and How of Social Enterprise
The Ripple Effect of Social Enterprise
From Life on the Streets to a Job in City Hall
Dollars and Change
– Wharton Business Radio interview with REDF CEO Carla Javits
May 10, 2019
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