Candide Group is Hiring!
Posted September 11th, 2019
Candide Group has launched Olamina Fund LLC (“Olamina”) in collaboration with one of our clients with the overarching objective of addressing the lack of access to capital for communities that have faced decades of historical extraction. We have identified those communities as led by people of color and women (specifically, Black and Native). Working with the Managing Director of Olamina, the Credit Committee and the soon to be formed Community Advisory Board, the portfolio manager will perform due diligence and manage relationships within this new portfolio, which will include loans to a variety of private debt providers such as CDFIs, non-profit loan funds, and other institutions that may work in the areas such as small business development, worker cooperatives, and low-income housing. The investment thesis for the Fund is very specific about creatively providing access to capital to women and communities of color so the ideal candidate will be comfortable working with diverse populations in a transparent way and will be open to taking the lead from the community.
The ideal candidate will bring deep analytical skills, empathy and compassion and a questioning mind to the position. We expect that there will be both teaching and learning in this role, specifically around the intersectionality of issues impacting communities of color and women. The candidate should feel comfortable that this work can be complex and nuanced and also deeply rewarding. This role offers the opportunity to effect real systemic change.
Over time we do see the opportunity for significant growth, such that this position is both entrepreneurial and investment focused—and thus quite unique for an investment professional looking to contribute beyond executing individual transactions. The role will also contribute up to 30% of its time for private equity/early stage investment into social enterprises.
While due diligence experience would be welcomed, we highly encourage applications from candidates beyond impact investing and finance, especially those who have had deep experience analyzing issue areas, developing policy, working in social movements and working with diverse viewpoints.
Evaluate opportunities for investment within the parameters outlined in the Fund’s Impact thesis and strategy and assist with the preparation of due diligence memorandums.
Manage an existing portfolio of relationships both US-based and international.
Perform research into CDFI and private fund landscape to inform pipeline development;
Support the Managing Director in identifying opportunities beyond our existing network to ensure we are inclusive and finding the right opportunities to effect systemic change.
Some travel required
Support other client portfolios with their private debt and equity allocation
The Ideal Candidate:
Has strong organizational and analytical skills; ability to project manage competing priorities.
Ability to review and draw conclusions based on financial information for new relationships and existing relationship. The candidate will be comfortable with detail-oriented numbers work.
Basic familiarity with financial terms required, debt due diligence experience a plus
Has strong communication skills and ability to manage internal and external stakeholders
Has an openness and curiosity about the financial system and impact investing
Is comfortable and experienced working with diverse populations
Self-starter comfortable working independently, with high quality standards for work product
Open to local or remote for the right candidate.
Competitive salary, commensurate with experience.
Please email the following documents as .pdf files to Laurika@candidegroup.com, with the subject line “Portfolio Manager Job Application” by 9/30/2019. Applications will be reviewed on a rolling basis.
Salary expectations (optional)
Candide Group, LLC is an equal opportunity employer and places a high value on workforce diversity. Candide Group, LLC does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity, length of time unemployed or any other consideration made unlawful by federal, state, or local laws.