Hiring: Senior Manager, Impact Investing
Organization: The Atmospheric Fund
Location: Toronto, Ontario
At The Atmospheric Fund (TAF), the Senior Manager, Impact Investing will lead the origination, structuring and approval of new investments, including due diligence and overseeing market research and analysis, with direction and support from the VP, Impact Investing.
This is a full-time, permanent position. TAF is a hybrid workplace, and staff work an average of two days a week in our downtown Toronto office (and the balance of the week remote-working), although alternative arrangements can be discussed.
We will be reviewing applications on a rolling basis and encourage candidates to apply soon!
About you and the role
The Senior Manager, Impact Investing will be a strategic team player at TAF, as an active and experienced impact investing professional, responsible for driving financial opportunities for The Atmospheric Fund (TAF). As directed by TAF’s investment strike zone, strategic focus areas, direct investment targets and Statement of Investment Objectives and Principles, you will be responsible for:
- Opportunity Origination
- Identify leads, use outreach and build networks to originate investment opportunities and support the development of transactions and sources of transactions for TAF.
- Support and advance the development of innovative structures, repayment methods and other investment and financing strategies to advance low-carbon, high impact activity in the GTHA.
- Strategy and Direction Setting
- Support VP, Impact Investing to enable the Impact Investing team to deliver on annual plan goals and actions; innovation and continuous learning/improvement.
- Monitor and identify targets and gaps in our portfolio mix and develop strategies to address.
- Collaborate with TAF teams to leverage impact investing in strategic focus areas. Work with TAF's policy and program teams to identify areas of alignment between the organization's mission and investment opportunities.
- Prepare and deliver regular status reports to staff, Investment Committees and Board regarding investment performance and impact, business development, and other key issues as required.
- Due Diligence, Deal Structuring and Market Intelligence
- Lead presentation of opportunities and recommendations to VP, Impact investing and to TAF’s Investment Committees and Board.
- Oversee and ensure due diligence of all investment opportunities including analysis of project viability, financial statements, repayment capabilities, and collateral (will be supported by new role, to be hired in 2023).
- Oversee and leverage financial, industry, economic, and other analysis and insights to facilitate decision-making, with Impact Investing Analyst.
- Lead and participate in the negotiation of transaction terms and structuring of deals, consistent with TAF’s guidelines and risk/return requirements.
- Guide and assist external legal team in structuring and closing of transactions.
- Collaboration and Communication
- Provide input and direction to Communications team to implement outreach and marketing activity such as content, publications, event attendance and other tactics to achieve TAF impact investing goals
- Be a TAF spokesperson and ambassador, through presenting and networking at events and conferences to build our profile and investment pipeline
- Represent TAF publicly in a manner consistent with TAF’s professional standards, providing thought-leadership in fora and networks related to impact investing
- Collaborate with other staff members to seek out areas of synergy; at staff meetings, retreats, and other working groups
Qualifications and Skills we are looking for
- MBA, or equivalent/related education.
- At least 5 years of progressive experience as a lender/credit underwriter or investment account manager in a commercial or merchant bank, venture capital, private equity or equipment leasing firm, corporate finance or similar organization.
- Sophisticated financial literacy including understanding of corporate financial statements, privately held companies, early-stage ventures, commercial real estate, private equity, investment funds and financial sector dynamics.
- Familiarity, network and demonstrated interest in market opportunity and activity of climate action.
- Ability to research and assimilate significant amounts of information.
- Demonstrated knowledge in undertaking qualitative and quantitative financial analysis including vertical, horizontal, weighted and future expectations, sensitivity analysis and crafting scenarios, and interpreting legal documentation.
- Good knowledge of financial markets and trends.
- Excellent written and verbal communication skills with confidence in speaking to and engaging with internal and external audiences and ability to communicate and present ideas well.
- Advanced working knowledge with Microsoft Office Suite (Excel, Word, PowerPoint), and highly skilled in using spreadsheets, pivot tables and presentation software.
- Comfortable using video conferencing tools including Zoom and MS Teams for meetings, events, as well as day-to-day team collaboration.
- Engineering background and business valuation skills an asset.
About The Atmospheric Fund (TAF)
TAF is a regional climate agency with a $100 million endowment fund to invest in innovative low-carbon solutions in the Greater Toronto and Hamilton Area (GTHA) and scale them up for broad implementation. We are experienced leaders, and we collaborate with stakeholders in the private, public and non-profit sectors. We advance the most promising concepts by investing, providing grants, influencing policies and running programs. We’re particularly interested in ideas that offer benefits in addition to carbon reduction such as improving people’s health, creating local jobs, boosting urban resiliency, and contributing to a fair society.
We are a registered non-profit, with a Board of Directors appointed by the City of Toronto, made up of City councillors and citizens. Learn more at taf.ca.
Working at TAF
Talk to our staff and they will tell you that working at TAF comes with amazing advantages. We’re on the leading edge of urban climate change solutions and our work makes a tangible difference. We build meaningful relationships with all kinds of stakeholders – from thought leaders advancing new concepts and approaches to the people who implement change on the ground. Join our dedicated and collaborative team to contribute to the value and impact of our work!
Building an inclusive community with a shared purpose is critical to our work and mandate. We are EqualX30 signatories and believe that teams work best when the people within them are diverse in background and approach, including diversity of race, gender identity, sexual orientation, religion, ethnicity, national origin, age, and all the other fascinating characteristics that make us different.
In addition to your salary, you'll benefit from:
- Paid time off:
- 15 vacation days per calendar year, pro-rated for partial years of employment.
- A generous and compassionate personal leave policy.
- TAF-wide office closures on 13 City designated and statutory holidays, as well as the three business days between Boxing Day and New Years’ Day.
- Comprehensive extended health, vision, dental, life insurance and long term disability benefits package after successful completion of your probationary period.
- Contribution to your retirement savings plan after one full year of employment.
- Supplies for your virtual office setup, including hardware and stipend for internet and other expenses.
- Access to financial support and time off to pursue relevant professional development.
The Intangible Stuff:
- In consultation with your supervisor, flexible work hours and work-from-home options.
- Work that directly helps to reduce carbon emissions and improve people’s health, create new green jobs, boost urban resiliency, and contribute to a more fair and just GTHA.
- Staff socials and lunches, picnics, and many other activities.
- Team-wide trainings and learning.
- Input to and participation in TAF’s strategic planning.
- A work environment that’s seeking to be open and inclusive, supported by a staff-led Social and Equity, Diversity and Inclusion (EDI) Working Group
Click here to start your application. You’ll answer some questions that are related to your day-to-day job. After the job closes, your answers will go through our sift process: all answers will be anonymised, randomised and then reviewed by a panel of reviewers.
If you are shortlisted, we’ll invite you to the next step, which includes resume review and an interview conducted over teams. Also, we love giving feedback, so at the end of the application process, we'll share how well you performed through a personalised feedback link.
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