Manager, Economic Mobility

POSITION: Manager, Economic Mobility

LOCATION: Boston MA, Washington, D.C. or where you are currently

ABOUT NEW PROFIT

New Profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in America. We provide capital, capacity, and community to a portfolio of organizations to increase their impact, scale, and sustainability. And we partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in America can thrive. Since 1998, New Profit has invested over $350M in 275+ high-impact organizations serving more than 35 million people in all 50 states.

Learn more at www.newprofit.org.

POSITION OVERVIEW

The Manager of the Economic Mobility (EM) team plays a critical operational and strategic support role, coordinating within and across New Profit’s teams, and managing the operations of EM workstreams. Given a recent influx of capital to support the growth of New Profit’s EM portfolio, the EM Manager plays a critical role working in partnership with the Portfolio team, especially the central Investment Selection team, on the execution of investment selection cycles for Build and Catalyze. This engagement will range from an advisory role to a lead operational role, depending on the cycle. Through New Profit’s Catalyze and Build support models, social entrepreneurs are selected for unrestricted grant funding, learning communities, strategic advising and coaching, and robust technical assistance from New Profit’s most senior partners.

The EM Manager will support investment selection screening and diligence processes and work with deal partners focused on EM. The Manager will cultivate and support the dissemination of insights on EM trends through engagement with portfolio organizations, with the Support & Learn team, with the Measure & Evaluation team, and with field leaders.

This role sits on a lean and highly collaborative team and will be the second dedicated member of the Economic Mobility team. Currently, much of the work is accomplished through strong cross-functional relationships and adaptive coordination across the organization. The Manager will be joining a culture that values initiative, relational strength, and flexibility, with an aspiration to further integrate the EM team’s work into New Profit’s broader portfolio and field-building strategies. This is a key opportunity to shape how the EM strategy is translated across internal and external stakeholders.

KEY RESPONSIBILITIES

Economic Mobility Portfolio support and insight generation (85% of role)

• Lead strategy and operations of economic mobility-Build cycles, with support/alignment with central Investment Selection team
  • Manage engagement and communication with Economic Mobility Advisory Council- external leaders engaged in investment selection cycles
  • Lead preparation for and debrief of every stage of the process: discovery form, application, screening and diligence
  • Prepare for, facilitate, and follow up from decision-making meetings with Investment Committee made up of senior leadership; draft presentation materials, facilitation guide, talking points
• Participate in Build grant-making cycles’ screening and diligence processes. In collaboration with a New Profit Partner, conduct rigorous research on prospective grantee-partners, develop presentations to New Profit’s internal Investment Committee, and write compelling memos that contain nuanced qualitative and quantitative analysis.
• Provide advisory support to economic-mobility aligned Catalyze teams on investment selection
• Act in supportive role on Catalyze strategic advising, and select EM-Build deal projects
• Collaborate with internal teams and portfolio organizations to surface, synthesize, and codify key insights from the EM portfolio. Develop materials and narratives to share these insights with external audiences including funders, field leaders, and peer organizations, contributing to New Profit’s broader thought leadership and field-building efforts.
• Support pipeline development for EM portfolio: including some attendance of external conferences and meetings, leading discovery calls, engaging with external partners

Internal/External Strategic Leadership (15%)

• Prepare for, facilitate, and follow up from “critical path” meetings (e.g., with partners, investors and other funders, and with the senior management team).
• Help drive internal and external understanding of the EM strategy and fundraising objectives in coordination with org. wide strategic priorities
• Manage, as the opportunity arises, team members who are interns, associates, and senior associates
• Support Managing Partner in preparing presentations, reports and public communications

New Profit Expectation as a Team Member

In addition, we expect all New Profit staff to embody our core values and our competency model. We are committed to the work that we do in supporting our Social Entrepreneurs and supporting one another to create an environment that helps us to thrive. We are a team and everyone has a responsibility to support, care for, and uplift their fellow team members.

QUALIFICATIONS

• 5 to 9 years of relevant professional experience (e.g., nonprofits, philanthropy, management consulting, venture capital, project management);
• Demonstrated ability to work independently and collaboratively as part of a team in a fast-paced environment, simultaneously manage multiple projects/people and effectively prioritize time and tasks;
• Ability to communicate effectively with a wide range of stakeholders, both oral and written;
• Builds and maintains trust-based relationships with internal and external stakeholders to foster collaboration and advance shared goals;
• Comfortable operating in dynamic and evolving structures, including environments with ambiguity, dotted-line relationships, and shifting priorities; able to independently drive progress while coordinating across teams;
• Excellent listening skills; ability to distill insights from listening and make recommendations to the team to inform current and future program design
• Creative, learning-oriented problem solver;
• Effective at building internal and external relationships and collaborative work environments;
• Highly organized and detail-oriented;
• Adaptable and able to respond to shifts in processes, responsibilities, expectations or trends;
• Demonstrated commitment to New Profit’s mission

SALARY

The salary range for the Manager position will be $94,877 - $108,579 annually, with the exact salary depending on prior work experience and the assessment of one's fit for the role. Additionally, New Profit provides a suite of competitive benefits including health insurance, dental insurance, vision insurance, retirement benefits, and a generous PTO policy with an end-of-year holiday break.

HOW TO APPLY

To apply for this position, please go to New Profit’s Career page. In lieu of a cover letter, please submit a resume and cover letter assignment (instructions below) addressed to Brent Locke. Please upload questions where it indicates to attach your cover letter in the job posting.

Please upload questions where it indicates to attach your cover letter in the job posting.

Please share thoughtful responses to the following questions in 250 words or less:

1. Please tell us why you are interested in this position; and what past experiences make you suited for it.
2. This position requires strong relationships and collaboration, including the ability to build rapport with a wide range of people. How have you previously demonstrated these abilities?
3. This position requires strong project management and the ability to shift from high-level strategic thinking to execution with detailed orientation towards goals and outcomes. Please describe any project management experience that demonstrates these abilities.

As an equal opportunity employer, New Profit recognizes the power of a diverse community and strongly encourages applications from individuals with varied experiences, perspectives, and backgrounds. The more inclusive we are, the better our work will be. New Profit offers a competitive salary and benefits, commensurate with experience and skills. Applicants must be currently authorized to work in the United States for any employer.

Please no phone calls or direct emails.