Impact Investment Associate

at  Scale Collaborative

Thrive Impact Fund is a place-based fund, focused on impact investing in British Columbia, primarily in smaller communities. Thrive’s primary mission and mandate is to invest in and support good projects and enterprises that address social, environmental and cultural challenges. We utilize a blended and catalytic approach, increasing access to capital to enterprises and communities facing barriers to finance.
Thrive Impact Fund is a subsidiary of Scale Collaborative (https://) and Purppl (https://www.purppl.ca).
We are looking for someone to join our team. Our ideal candidate cares deeply about the future of BC and its local communities. You know what small community living and being is like. You see and understand the power and potential of social enterprises, whether they are for-profit or non-profit, as a way to create positive social and environmental change. You have thought about the role of money, and how it can be used as a powerful force for good. You have also recognized that funding and resources can bypass good projects, communities and entrepreneurs, for many different reasons, and you want to change that. You believe that long-term sustainability requires shifting the financial system, and you want to contribute to this change. You thrive in a start-up and emergent space, and like working in small teams.
The Position
Reporting to the Managing Director, the Impact Investment Associate is responsible for supporting due diligence processes and ensuring that investment processes and agreements are being maintained and followed. You will conduct financial analysis, prep loans agreements, ensure loans systems and processes are being followed, monitor the portfolio of investments and support impact and reporting requirements.
The Impact Investment Associate will assist in gathering and maintaining key documentation, ensuring that reporting is up-to-date and communicated, and monitor progress towards both business and impact outcomes. The Impact Investment Associate has the capacity to analyze financials and support investees through information and documentation collected for financial, business, operations and impact outcomes.
The Impact Investment Associate will be able to report out on sourcing, monitoring and portfolio trends and impact outcomes, including preparing reports for the Board, investors and community at large.

MORE ABOUT THE POSITION:

• Based in Victoria, BC at theDock—Centre for Social Impact, but will consider Vancouver Island, Coast and Okanagan-based applicants
• Flexible working hours: between 32-40 hours/week depending on the fit between organization and candidate
• Salary range: $65,000 - $70,000 annually
• Three weeks vacation in addition to a one-week paid office closure between Christmas and New Year’s Day
• Extended benefits after a three-month probationary period

Thrive Impact Fund is committed to building a team that brings diverse perspectives:

• We recognize non-Canadian work experience as being just as valid as Canadian work experience.
• We are eager to learn and integrate Indigenous, BIPOC and 2SLGTBQIA+ identifying perspectives into the work of building an inclusive economy and resilient impact sector.
• We value work and life experience as much as educational background.
• We believe in giving young people the opportunity to do impactful work that combines opportunity and responsibility.
• We understand that people’s lives are dynamic and that 9-5 does not work for everyone; we consider flexibility in terms of workplace and work hours.

We are looking for the right person to join our small and mighty team. If this sounds like you, please apply with your resume and cover letter outlining why you are interested in the role. Conversations will take place on a rolling basis with the aim to hire by the end of May, at the latest

• Support sourcing through community-engagement, direct and partner outreach and other sourcing activities
• Support due diligence by ensuring that all documentation is gathered and reviewed prior to formal due diligence
• Participate, as needed, in relationship-based investee conversations during the due diligence process
• Prepare and ensure that all loan and monitoring documentation and processes are implemented and reported on throughout the investment term
• Coordinate coaching relationships with investees, providing onboarding, ongoing support and ensure open communications between coach, investee and the fund
• Participate in quarterly check-ins, as required
• Evaluate and provide insights on individual investee performance based on quarterly check-ins, financial statements and outcomes reporting
• Evaluate overall portfolio performance to understand trends and opportunities, and support the development of responsive strategies
• Oversee impact reporting and gathering data, and producing the Annual Impact Measurement report, including compiling both qualitative and quantitative data, and storytelling
  Qualifications and Experience
  Experience and understanding of non-profit or for-profit social enterprise development and growth, and/or understanding of social finance and lending/investment experience. Skilled at financial and information analysis, and compiling and presenting information effectively in a variety of formats. Skilled at working with organizational leaders—past experience as a coach or mentor desirable. Strong business and financial analysis experience, including strong Microsoft Excel skills.