Ujima Project is seeking a full time Fund Manager to help launch and lead Ujima’s innovative community-controlled investment fund. The Fund Manager will have a balance of investment analysis and / or management experience, a commitment to social and economic justice, and the ability to communicate effectively across diverse communities.
The Ujima Capital Fund will be a non-profit fund that includes a diverse group of non-accredited, accredited and institutional investors. The Fund’s portfolio will be made up of local small business investments, the majority owned by working class people of color. The Fund Manager is responsible for overseeing the development and implementation of the Ujima Project’s democratic community investment process. The Fund Manager serves on Ujima’s Management Team and reports to the Director of the Ujima Project.
Responsibilities
● Lead the development and maintenance of the administrative, financial, and operational infrastructure of the Ujima Capital Fund
● Work with key stakeholders to help design and implement Ujima’s participatory planning and investment process
● Help form and manage Ujima’s Investment Committee, responsible for developing and overseeing Ujima’s capital allocation strategies
● Support investor recruitment and fund capitalization efforts
● Work with Investment Committee to design and implement a portfolio allocation strategy for balancing risk, return and timing to assure that investors receive their anticipated return
● Coordinate investment pipeline, due diligence processes, term structuring and closing processes for Ujima investments
● Monitor portfolio companies and communicate fund performance with Ujima’s community of investors Desired Qualifications
● Proactive, with a keen ability to cooperatively support the development of a new organization
● Demonstrated commitment to Boston’s working class communities of color
● Passionate about both social justice organizing and community controlled finance
● Experience underwriting and structuring direct investment terms (preferably across a wide variety of capital types including debt, equity, royalty and convertible instruments.)
● Experience managing an investment portfolio
● Experience with running a business or coaching entrepreneurs
● Fluency with the field of local impact investing
● Reliable with impeccable follow-through
● Both detail-oriented and able to keep an eye on the bigger picture
● A relationship-builder with strong interpersonal skills
● Computer and technology savvy
● Fluency with Excel and experience with accounting software like Quickbooks
● Clear, and coherent communicator in both written and oral forms
● Well-organized and able to self manage complex workflows
● Ability to engage and leverage support from volunteers and diverse partners
● Experience living in Boston’s communities of color a plus
● Bi-lingual abilities is a plus
Compensation
The salary is competitive with executive salary levels of community-based nonprofits. The position includes insurance, benefits, and flexible time-off.
How to Apply
Email info@ujimaboston.com with “Fund Manager Application” in the subject line.
Please include:
● Resume
● Cover letter describing interest in the position, qualifications, and expectations
● Three references
Applications will be reviewed on a rolling basis, and the position can start as early as May 1 and no later than Sept 1, 2017. Ujima Boston is an equal opportunity employer. Boston residents, women, Black people, people of color, immigrants, queer, and gender nonconforming people strongly encouraged to apply. Learn more about Ujima Project at www.ujimaboston.com
