Associate Director, Impact Investments

About Us

Social Finance is a national nonprofit and registered investment adviser (SF Advisors, LLC). We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Since our founding in 2011, we have mobilized over $500 million in new investments designed to help people and communities realize improved outcomes in workforce and economic mobility, health, and housing.   

We are driven by the belief that social and economic systems should enable all people to thrive, and the conviction that we can create the most meaningful and measurable change in our communities when governments and markets work together. Our organization is built upon five core values: people, performance, integrity, collaboration, and inclusion.   

Our work spans four areas: Impact-first Investing, Workforce and Education Investments, Advisory & Public Sector Practice, and the Social Finance Institute. Our Impact-first Investment team designs, launches, and manages investments that provide solutions for effectively deploying impact capital across a range of social outcomes. Our Workforce and Education Investments team designs, launches and manages financial solutions focused on addressing workforce challenges, including skills acquisition and training access. Our Advisory team partners with government and philanthropy leaders to implement data-driven programs for advancing social impact. And through the Social Finance Institute, we aim to build the field and change systems through actionable research, communities of practice, and educational outreach.  

Associate Director, Impact Investments  

Boston, MA; New York, NY 

Note: Applications will be accepted on a rolling basis, with review beginning January 5, 2026.

Role and Responsibilities

We are seeking an Associate Director of Impact Investments to contribute to projects aimed at mobilizing capital towards impact. Our impact investment teams seek to expand access to impact-first investing for individuals, family offices, and foundations, in addition to promoting economic mobility through financing and supporting reskilling and upskilling initiatives that lead to quality jobs. The Associate Director will collaborate with transaction partners, funders, service providers, and other external stakeholders to identify, execute, and manage high-impact investments. This role will work within multiple Vice President–led teams, each overseeing a portfolio of investment strategies, and will assume significant deal management responsibilities across multiple transactions. 

Additionally, and as part of a cross-staffed initiative between both investment teams, we are also expanding our impact investment activities into new areas, most notably through a recently launched impact investment fund focused on strengthening the local media ecosystem in the United States. This Associate Director will work on a fund that seeks to deploy impact capital to organizations that are enhancing the presence and diversity of local media, supporting trusted information sources, and fostering community resilience. The nature of the work will mirror our existing investment approach, identifying, structuring, and managing investments that generate measurable social impact, but will be tailored to the local media landscape. Key activities may include:

Fund and Deal Development  

At the fund level, responsibilities may include: 

• Support business development efforts for Social Finance and its offerings with potential partners (e.g., develop fund pitch or value proposition presentations, participate actively in meetings with potential investors or philanthropic partners)
• Identify context-appropriate fund structure and investment strategy for new funds with support from a Director
• Conduct fund-level analysis to determine pro forma performance and guide investment strategy; lead the development of analytic processes and tools
• Partner and collaborate effectively with Social Finance colleagues to identify, develop, and implement strategy or process-related improvements for enhanced efficiency and impact
• Actively support and lead learning and knowledge-sharing opportunities within and across investment funds 

At the individual investment level, responsibilities may include: 

• Conduct due diligence for potential investments to assess their ability to achieve target financial and impact metrics and identify potential risks and mitigants
• Structure and negotiate investment terms based on insights from due diligence with support from a Director and/or Vice President
• Effectively communicate investment opportunities to an executive-level Investment Committee, outlining investment strengths, risks, and mitigants – both verbally through presentations and in writing through investment memos
• Execute and manage deal and investment operations, collaborating closely with our legal and finance teams
• Strategically manage investment and portfolio performance towards impact success
• Actively monitor, communicate, and mitigate fund and investment risks, working directly with partners, external stakeholders, and Social Finance teammates 

Fund and Deal Management  

Responsibilities may include: 

• Develop and manage workplans to effectively execute the lifecycles of various investment programs
• Ensure thoughtful and timely execution of meeting timelines and workstreams
• Infuse existing expertise from the relevant issue area (e.g. local news) into deal assessment, diligence, and prioritization 
• Conduct desk research, perform financial analysis and modeling, and engage in informational interviews independently and collaboratively to inform deal design
• Apply structured and creative approaches to problem-solving, using frameworks to develop and test hypotheses, and drive towards recommendations
• Lead calls and in-person meetings with internal and external stakeholders to support strategic objectives
• Manage relationships with external partners and lead day-to-day communications
• Actively manage and escalate issues and risks, both internally and externally, using industry best practices
• Provide regular feedback and coaching to junior team members, supporting their skill development 

Qualifications

We are looking for candidates with a high level of professional excellence, initiative, strategic and detail orientation, and passion for our mission.

Position Requirements: 

• 7+ years of continuous, full-time professional experience, including at least 3 years structuring investments and financial transactions, ideally focused on financing small businesses or nonprofit organizations through community/commercial/investment banking, private credit, venture capital, or private equity (formal investment training is a plus)
• Experience engaging with the local media ecosystem, through journalism, impact investing, philanthropy, or other efforts to strengthen local news organizations and community information networks, is preferred
• Strong project and team management experience, including the ability to lead multiple high priority workstreams, manage junior staff towards timely project and deal execution, ensure timely issue resolution, and engage in risk monitoring and mitigation
• Demonstrated experience with financial modeling and analysis, with an interest and comfort in coaching junior staff to develop these skills
• Ability to navigate complex investment landscapes, prioritize opportunities, and maintain the critical path toward fund goals with a bias toward action
• Exceptional verbal and written communication skills, with the ability to deliver executive-level messaging and build trust with external stakeholders
• Genuine desire to learn and the ability to lead teams in quickly researching, synthesizing, and summarizing key takeaways on unfamiliar topics
• Commitment to high-quality work and accuracy, even in a fast-paced environment with multiple competing priorities
• Exceptional analytical, creative, and collaborative problem-solving skills, with a positive solution orientation
• Comfort with ambiguity and the ability to adapt and be flexible in a dynamic environment
• Willingness to constructively express your point of view and listen to the perspectives of others, both internally and externally
• Commitment to actively supporting and enhancing a team and company-wide culture of inclusion, belonging, and equity 

Benefits 

At Social Finance, we strive to deliver a benefits program that will enhance our overall value proposition to employees. Our current benefit offerings include: 

• Comprehensive health care coverage: medical, dental and vision insurance; flexible spending accounts; access to Blue Cross Blue Shield Wellness Program “AHealthyMe Rewards” and more
• Retirement savings plan with employer contribution
• Short-term, long-term and life insurance policies
• Commuter benefits and cell phone reimbursements
• Hybrid work model (in office a minimum of two days per week and on an ad-hoc basis as needed)
• Dedicated budgets for team building and employee recognition
• Annual budget for external professional development opportunities
• Mentorship and onboarding programs
• Collaborative and energizing workspaces in downtown Boston, MA; San Francisco, CA; Austin, TX; Washington, D.C. and New York, NY. Please note this position will be based in either our Boston or NYC offices. 
• Paid vacation and paid holidays (with 12/24-1/1 off every year)
• Paid parental leave
• A truly stellar team of high performing, values-driven and fun (!) professionals 

Salary

Social Finance uses a lockstep compensation model for purposes of equity and transparency - we strive for everyone coming in at a given level to be paid equitably. For this position, at the Associate Director level, the starting base salary is $122,000; however, during the interview process, we will take into account a candidate's full work experience and may adjust the job title, and commensurate starting salary, as appropriate. At this level, employees typically receive a $2,500 salary increase annually and are eligible to participate in our firmwide annual bonus program. Bonuses are typically between 5-10%, though bonuses are not guaranteed and are dependent on both organizational and individual performance.  

If joining our San Francisco office, this hire would receive a cost of living adjustment, which includes an additional $1,000 for every month they are residing in the state of California within a commutable distance of our office in San Francisco.  

Review of applications will begin immediately. No phone calls, please. 

Applicants must be permanently authorized to work in the United States on a full-time basis. 

Please note that, at this time, to be in-person at a Social Finance office, client location or Social Finance-sponsored event, you must be fully vaccinated against COVID-19, including receiving a booster shot.

Social Finance, Inc. is an equal opportunity employer, and all qualified applicants will be afforded equal employment opportunities without discrimination because of actual or perceived race, color, national origin, sex, age, religion, creed, disability, marital status, citizenship, ancestry, personal appearance, sexual orientation, gender identity or expression, political affiliation, military status, status as a protected veteran, genetic information or any other legally protected status.

Social Finance is committed to providing an accessible and supportive work environment to ensure individuals are able to contribute at their best. We will discuss and provide reasonable accommodations to those in the recruiting process who need them.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

When submitting your resume below, please submit as a PDF. Thank you!