Associate, Investment Finance & Operations

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.  

The Opportunity 

The Associate, Investment Finance & Operations role is ideal for candidates who want to apply strong analytical skills in a mission‑driven environment. It suits individuals who value innovation and impact, think strategically, and maintain a forward‑looking approach while managing details with precision and delivering high‑quality work. 

Responsibilities  

Reporting to the Director, Investment Finance & Operations, the Associate, Investment Finance & Operations is responsible for overseeing the ongoing management, operations and reporting related to our Impact Investment Finance portfolio of investment entities.  The position will be a critical part of a small impact finance team, with substantial opportunity for growth and learning in a dynamic, mission-driven setting. The Associate will also support multiple Impact Investments project teams in the early development, launch and management of impact investment entities.  

Impact Investing Operations 

• Month end and Quarter end close – supporting the completion of impact investment funds’ financial close procedures including:
  • Reconciling investment activity, including identifying and correcting trade breaks
  • Partnering with Fund Administrators to prepare financial statements for review  
  • Reporting on investment performance and producing ad hoc Management reports (e.g., Level III valuation analyses) 
• Supporting the treasury function by acting as the main point of contact for banking financial institutions, overseeing capital calls, investment purchases, vendor invoice payments and calculations of investor distributions
• Working cross-functionally with Legal and Investment Teams to design, launch, and provide ongoing management for impact investment entities throughout their lifecycle
• Supporting the management of stand-alone audits at year end including creating timelines, coordinating deliverables, and fulfilling audit requests
• Assisting the Investor Relations function through distribution of quarterly reporting to all funders; responding to investor follow-up inquiries; and investor close support 

Finance Team Support 

• Assist the Corporate Finance Team with interrelated impact investing finance work as needed
• Document accounting processes and procedures to demonstrate GAAP compliance
• Actively contribute to the growth of the Finance Team and support the achievement of all departmental goals
• Support the execution of internal controls and provide ongoing input to enhance processes and increase efficiency
• Provide support for impact investing projects as needed 

Qualifications 

Social Finance is seeking a dynamic entry-level individual with strong interpersonal and problem-solving skills to join its growing fund accounting team. 

• A minimum of 1 year of professional experience in a role requiring financial analysis, whether in finance, accounting, FP&A or similar
• Strong analytical and technical skills, as well as oral and written communication skills
• Strong Microsoft Word and Excel skills
• Meticulous attention to detail and exceptional organizational skills
• Demonstrated ability to identify and synthesize connections across impact investing funds and associated workstreams
• Excitement to learn about outcome-based loan products and participate in new product launches
• Ability to excel in a demanding environment while demonstrating a strong track record of high performance, independence, and motivation
• Proactive and highly capable of meeting deadlines while working independently with minimal supervision
• Ability to handle complex and confidential information with discretion
• Flexible and comfortable with ambiguity
• Commitment to enhancing a team culture of inclusion, belonging and equity 
• The following are not required, but would be considered as a plus for your candidacy:
  • Experience in investment fund accounting 
  • Experience with Sage Intacct accounting software or similar systems a plus  

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; Employee Healthy Actions programs 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)
• 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, San Francisco, Austin and Washington, D.C.; New York, NY; Note this position is based in our Boston office.
• 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 level, the starting base salary is $81,000; however, during the interview process, we will consider 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.     

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.

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