Director of Impact Investment

Kalamazoo Community Foundation

Position Title: Director of Impact Investment
Reports To: VP, Community Impact and Investment
Pay Grade G: $86,015 – $102,384
Position Status: Full Time
FLSA Status: Exempt
Posting Dates: January 20, 2023 – February 17, 2023

About KZCF:
KZCF, established in 1925, has the vision of Kalamazoo County being the most equitable place to live,
with the mission to mobilize people, resources, and expertise and to advance racial, social, and
economic justice. Learn more at kalfound.org.

Core Values:
Center Anti-Racism and Equity
Advance Racial Justice
Nurture Healing and Love
Cultivate Transformative Relationships
Serve the Greater Good
Learn and Grow
Embrace Joy

Position Summary:
The Director of Impact Investment will lead, refine and enhance the Kalamazoo Community
Foundation’s Impact Investment vision and strategy working collaboratively with KZCF leadership,
providing financial guidance to the Impact Investment Committee with support from the Finance team
as needed.

This is a key position that oversees investing from our endowment to advance racial equity in
Kalamazoo. Sourcing, evaluating, and closing these investments requires agility and experience in both
the financing, financial management and racial equity worlds. Besides managing transactions, the
director leads extensive community outreach with government, Community Development Financial
Institutions (CDFIs), business and neighborhood entities. The director also collaborates internally at the
foundation with economic inclusion grants and programs, but also with the Finance and Marketing
Communications team members who help ensure the success of the program.  The director staffs and
supports an investment committee, which ultimately reports to the KZCF Board of Trustees.

Essential Functions & Responsibilities:
Leadership and Strategic Planning
 Establish and maintain a strategic plan, and annual work plan, for the impact investing program.
 Regularly review impact investing policies and work with the impact investing committee to
propose updates, for board approval, as needed.
Staff and support the impact investing committee
 Support the chair with agendas, materials and facilitation of quarterly meetings
 Create (with the committee) and execute an annual plan for technical learning and for trust
building among committee members
 Maintain relationships with committee members and recruit new members as needed.
 Provide initial financial modeling and guidance to the committee in its investment and decision-
making processes.

Source, evaluate and close investments under the impact investing policy
 Maintain a clear, non-racist outreach and communication process that welcomes and builds a
pipeline of eligible investments.
 Maintain an investment scan which maps potential investees and investing partners, and is the
basis for networking and other targeted outreach that can build a pipeline of potential and
developing investments.
 Maintain a transparent, non-racist process for evaluating investment proposals per KZCF
policies. This can include working with investees to develop flexible structures and terms when
needed, within policy.
 Prepare and present investment approval memos for the investment committee.
 Work with attorneys and KZCF Finance staff to close and execute transactions and to assure they
are properly accounted for in internal systems and processes.
 Participate in negotiations, providing financial expertise throughout the process, engaging the
Finance team for support as needed.

Monitor, trouble-shoot and report on the portfolio of investments
 Maintain a system that monitors the financial and impact performance of all closed
transactions, in cooperation with KZCF Finance staff.
 Take timely action to bring non-paying loans into paid-as-agreed status, and resolve defaulting
loans using legal and financial support as needed.
 Develop and maintain a robust reporting format that captures the racial equity impacts and
financial performance of our investments.
 Report quarterly on the portfolio, to the impact investing committee, which forwards
informational reports to the KZCF Board of Trustees.
 Work with communications staff on any community reporting or messaging for donors.

Represent the KZCF investing program in the Kalamazoo community
 Participate on KZCF’s behalf in community initiatives that are relevant to racial equity and/or
can bring transactions into our investing program. This could include economic development
meetings, inclusionary capital consortiums and discussions, neighborhood revitalization efforts,
and sectoral business development such as early learning entrepreneurship.

 Regularly network with Kalamazoo community members, to establish friendly, effective
relationships relevant to our investing program goals, with government, civic, nonprofit, and for-
profit entities.
 Network with peers within the Kalamazoo and broader impact investing financial communities.

Collaborate and supervise staff within KZCF
 Direct the work of a Community Investment Coordinator position.
 Represent the impact investing program with other KZCF staff and departments.
 Collaborate with Finance as described in other duties.
 Collaborate closely with the Inclusive Economy program, and seek ways for various KZCF grants
and investments to synergize for racial equity outcomes.
 Work with Donor Relations to identify opportunities for connection to donors and creation of
donor engagement and outreach strategy and alignment of impact investments and socially
responsible investing strategies
 Identify additional external funding opportunities to support and align strategic priorities and
investment policies.
 Collaborate with Finance to provide learning opportunities about impact.
Program administration
 Develop annual budget consistent with annual workplan.
 Manage and monitor the impact investing program budget, including approval for payables and
preparations of reports as required for internal KZCF use.
 With support of the Finance team, set up loan repayment processes.
 Forward (and present as needed) approved impact investing reports to the Board of Trustees.

Other Duties
· Please note that this job description is not designed to cover or contain a comprehensive listing
of activities, duties, or responsibilities that are required of the employee for this job. Duties,
responsibilities, and activities may change at any time with or without notice.
Diversity, Inclusion, Equity, and Anti-Racism:
 Apply an equitable and anti-racist analysis to all functions to achieve organizational goals.
 Embrace, support, and integrate Community Foundation philosophies related to diversity,
inclusiveness, and anti-racism with a willingness to acknowledge and address other forms of bias.
 Ability to confront personal, individual, and internal systemic bias regarding race, age, gender,
gender- identity, sexual orientation, ability, etc., which will require sharing and discussing personal
identities related to the work environment.
 Ability to work and navigate emotionally taxing conversations related to power, privilege, racism,
and oppression on a regular basis.
 Must have strong emotional intelligence and resiliency skills to lead and/or actively participate in
advancing our work relative to racial, social, and economic justice.
Professionalism:
 Support the mission, vision, and strategic goals, as a part of the Performance Excellence Model of
the Community Foundation, to serve both internal and external customers.

 Follow and support Community Foundation policies and procedures.
 Evaluate own performance and assumes responsibility for professional development.
 Embrace philosophy of one actively engaged in lifelong learning.
 Demonstrate and models Process documentation for clarity and consistency.
 Maintain current knowledge of all changes affecting area of work.
 Conduct self in a professional manner and follows and support the core values, commitments, and
behaviors.
 Maintain appropriate professional appearance and confidentiality.
Engagement/Participation:
 Actively represents KZCF at community-based meetings and events which may require evening and
weekend engagement throughout the year
 Actively participate in meetings, committees, and volunteer opportunities within the organization
 Apply an anti-racism analysis and engage with others in support of learning ways to advance
collective DEI understanding and skills.
 Participate as a team member utilizing a collaborative style to achieve mutual goals.
 Provide proactive, creative cross-functional thinking and ideas to enhance services to customers.
 Demonstrate ability to work effectively with others.

Knowledge, Skills & Abilities:
Required:
 Bachelor’s degree in any of the following fields: finance, economics, real estate, urban planning,
environment, law, nonprofit management, business administration; or an equivalent combination of
relevant training and work experience.
 3-5 years related professional experience in community economic development, impact investing,
finance, real estate development, private equity, community banking or community development
financial institutions.
 Experience in evaluating and loan underwriting and established networks within the community
preferred.
 Facilitation skills with individuals, groups, and organizations; program planning, development, and
administration.
 Ability to develp recommendations based on organizational mission and values including racial
equity analysis.
 In-depth knowledge/understanding of computers including general business software (i.e., Word &
Excel)
 Demonstrated ability to effectively interact, communicate, and collaborate with people from all
cultural backgrounds.
 Must have the ability, judgement, poise, and personal capabilities to build and maintain trust.
 Ability to work & navigate emotionally taxing conversations/contexts related to power, privilege,
racism, oppression with diverse stakeholder groups.
 High personal resiliency skills and tools
 Deep personal commitment to addressing racism with an orientation toward the Kalamazoo
community.
 Ability to work both independently, as a team member, and with a broad range of constituencies.
 Ability to prioritize multiple projects and work under pressure.
 Willingness to learn and be adaptive to support a complex and evolving body of work.

 A high degree of personal integrity and ethics
Physical/Mental Requirements:
 While working virtually, must ensure remote environment has consistent access to high-speed
internet, generally free from distractions.
 Work in well-lit, pleasant, smoke-free office.
 Must be able to sit for long periods of time.
 Frequent requirement to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms
 Frequently involves extended workdays and periodically involves irregular work hours.
 Regular group and public speaking.
 Occasional travel and/or overnight work schedules.
 Requires attention to detail and ability to concentrate on figures, paperwork, data, etc.
 Frequent pressures related to meeting deadlines and fulfilling scheduling requirements.
 Frequent distracting influences such as people, phone calls, noise and so forth.
 Frequent simultaneous handling of multiple tasks and intermittent or cyclical work pressures.
 Occasionally requires on-call availability to handle work problems, emergencies/crisis situations etc.
 Occasional work at multiple sites or travel.

Additional Eligibility Qualifications
The Kalamazoo Community Foundation shall not discriminate on the basis of race, color, religion (creed),
gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation,
or military status, in any of its activities or operations. These activities include hiring and termination of
staff, selecting volunteers, selecting vendors, and providing services.

Please send a resume and cover letter to hr@kalfound.org with the role you are applying for in the
subject line.

To apply for this job email your details to hr@kalfound.org