Center for Economic Democracy Capital Strategies Associate/Manager Remote · Full time

We are hiring for the newest addition to our team, joining forces to bring CED’s Social Movement Investing (SMI) strategy to life. One of CED’s core beliefs is that those “closest to the pain must be the closest to the solutions.” Applied to impact investing and philanthropy, we believe that deep, sustainable change can only occur when oppressed communities themselves can design, own and govern the systemic solutions to their problems. SMI is CED’s capital allocation strategy for community power building and a core strategy for our programs as they scale to serve movement building led by grassroots organizations across the US. Expanding on CED’s history as a philanthropic steward, donor advisor and capital strategies innovator, SMI is situated at the intersection of grassroots organizing and impact investing. You will be part of the founding team that launches SMI into the Impact Investing and Philanthropic world (including family offices, foundations, or impact investing funds and others) to apply towards their investment strategies, portfolios, and governance structures.

Description

Background

In 2022, CED published Social Movement Investing, a guide to capital strategies for community power, and brought on a Managing Director of Capital Strategies to bring SMI to market. We are searching for a Capital Strategies Associate/Manager, who will provide support for all aspects of the Capital Strategies and Fundraising vision and roadmap at CED. The programmatic work of the Capital Strategies team is wide and varied – ranging from supporting a collective building purchase in the Boston, MA area to fundraising for CED to creating educational programs that teach private equity investors about SMI to co-creating new programs to demonstrate the promise of SMI. 


 Working alongside our senior team members with a vast array of experiences within impact investing, grassroots organization, private equity, policy advocacy, cooperatives, and investment  banking, this is an exciting opportunity for an early career professional who is looking to pivot towards impact investing or continue to build in this space with an organization at the leading edge of community investment strategies. 


In collaboration and under direction of the Managing Director, the Capital Strategies Associate/Manager  will assist in managing all operations including fundraising for CED to ensure our key functional priorities are met both internally and externally. Together, this team will design and implement donor and investor-related education and organizing programs, as well as strategies and experiments to build new movement-aligned infrastructure in the realm of finance. 


Position Summary


  • $65,000 - $80,000 Annual Salary
  • Title:  Capital Strategies Associate/Manager
  • Reports to: Managing Director of Capital Strategies
  • Hybrid remote & in person at CED’s Boston office (Massachusetts residency required unless otherwise negotiated). The Managing Director of Capital Strategies is based in Oakland, CA. 
  • Start date 3/1/2023 or until filled


Roles and Responsibilities


The Capital Strategies Associate/Manager will be responsible for the following areas of work and work closely with the Managing Director of Capital Strategies to support implementation of all strategy, operations, and work plans of the Capital Strategies team, including:


  • Fundraising and Resource Organizing
  • Coordinate CED’s philanthropic and major donor efforts, including funder prospecting, proposal writing, reporting and relationship management
  • Support CED’s Development budget via  fundraising strategies & process, including ensuring timely submissions of proposals & reports to funders, and keeping track of all deadlines on teams’ calendar
  • Support development of training programs, presentations and advisory services for asset allocator network partners within Philanthropy, Private Investments, and High Net Worth Individuals interested in aligning with CED’s Solidarity Philanthropy principles.
  • Creating learning programs, facilitating, and researching expert resources within the greater impact investing and grassroots organizing sector
  • Actively participate and support the investment fundraising process for CED and our partners on various investment projects 
  • Cultivating and enhancing new and existing relationships with funders and movement partners through prompt and clear communication, scheduling meetings and managing calendars (with support from our EA), agenda management, and making sure key information remains current


  • Social Movement Investing (SMI) & Movement Finance Programs 
  • Assist in implementing the learning and experimenting strategy for Movement Finance Programs, a new program area for CED
  • Support in the systematizing, consolidating and synthesizing of SMI content that will be used to create program structures and arcs for the Movement Finance Program body of educational and advisory work used to train network partners (per above)
  • Support the launch of the Movement Finance Forum gathering, a collaborative network for cohorts of progressive asset owners and stewards to grow the field of Social Movement Investing in the US
  • Engage in public advocacy (writing, speaking, media etc.) within philanthropic, impact investing and grassroots organizing networks to popularize CED’s efforts to democratize finance capital.
  • Assist in creating a social media campaign to elevate SMI within media channels and ecosystems
  • Solidarity Economy Initiative (SEI) & Solidarity Philanthropy Learning Circle (SPLC)
  • Coordinate the administrative needs of the Massachusetts Solidarity Economy Fund, a pooled fund for participatory grantmaking by SEI’s cohort of  grassroots organizing leaders
  • Partner with grassroots organizations and CED team members to identify needs and support areas 
  • Assist in SEI’s Solidarity Philanthropy Learning Circle, a community of practice for funders of the Massachusetts Solidarity Economy Fund
  • Support the co-facilitation and creation of the 2023 SPLC program, organizing values-aligned funders around SMI strategies
  • Support the recruitment and retention of SPLC members, shepherding their resource allocation towards the solidarity economy
  • Ecosystem Support
  • Provide capital strategies assistance and thought partnership to CED’s other public policy and narrative campaigns as appropriate
  • Collaborate and assist across all CED program areas to infuse capital strategies to advance our work, often times in the form of thought partnership as well as execution support
  • Assist with identifying selective, direct technical assistance to mission-aligned solidarity economy projects in the areas of capital raises, ownership structures and multi-stakeholder governance
  • Analyzing and identifying opportunities to create capacity for our partners, which includes Solidarity Economy Initiative grassroots organizations among others


In addition, the Capital Strategies Associate/Manager will hold these organizational responsibilities: 

  • Participate in staff wide meetings, retreats and activities.
  • Participate in co-learning, advising and mutual accountability processes with CED team members.
  • Participate in CED’s organizational development and culture work, including collective decision making about organizational vision, design, strategic priorities, processes and structures.



Desired Experience and Skills


  • Minimum of 2 years of work history (including familiarity with project management and administration). Bonus having worked in financial advisory, consulting, and/or impact investing.
  • Excellent writing and editing skills, with an eye for detail. Experience writing proposals/ grants a plus
  • Technical understanding of corporate finance. Comfortable working with data, numbers, familiar reading/ analyzing financial statements and ideally with prior relevant work experience in similar roles
  • Detail oriented and committed to maintaining internal controls, and determined to provide colleagues, funders, and partners, with responsive communications and the highest level of excellence
  • Excellent organizational and time management skills, especially comfortable and confident working independently and remotely at times within a team in a collaborative structure
  • Scrappy and creative with a can-do attitude and sense of humor. Ability to move fast and lean in a fast-paced nonprofit with a key team member based in the Bay Area
  • Technology proficient; comfortable developing tools and administrative systems to accommodate a virtual work environment. A high degree of proficiency in MS Office suite of programs


In addition, having some familiarity with at least 3/4 areas below and a desire to grow within all 4 buckets of our core work is required:


  • Capital Strategies
  • Familiarity with multiple dimensions of the US social capital ecosystem, ranging from community based lenders to shareholder activists.
  • Experience in investment advising, securities research or portfolio management for progressive clients.
  • Experience with shareholder activism and corporate governance strategies that advance social movement campaign demands.    
  • Social Movement Ecosystem
  • Experience working in or supporting grassroots and/or labor organizing sectors.
  • Experience with policy and/ or corporate research and advocacy campaigns.
  • Experience working in solidarity economy organizations, such as co-ops, land trusts etc.
  • Community Development Finance
  • Ability to advise community-based projects on business models and capital raise strategies.
  • Experience conducting due diligence on enterprises, real estate and/or funds for investment purposes.
  • Ability to mobilize capital for cooperatives, community land trusts, democratic investment funds and other solidarity economy business structures.
  • Social Justice Philanthropy 
  • Experience fundraising for grants and/or program-related investments to support racial and economic justice projects.
  • Experience working within a foundation, family office or pooled fund that supports progressive causes.
  • Experience advising, serving or organizing within progressive philanthropic networks.


Other Desired Attributes 


  • Can confidently navigate community organizing and progressive philanthropic networks.
  • Is a talented facilitator, experienced in designing and leading collective planning and action processes.
  • Can build trusted relationships and create and manage collaboratives with integrity.
  • Has a command of business fundamentals with skills in financial analysis and basic accounting.
  • Is interested in learning economic frameworks.
  • Is a strong writer, public speaker and clear communicator.
  • Is a highly organized, thorough and diligent project Associate/Manager.
  • Demonstrates high emotional intelligence and is a strong interpersonal communicator with a collaborative orientation towards teams.


General Expectations of all CED Team Members


  • Committed to social, economic & ecological justice + working towards liberation & wellbeing of all people.
  • Is proficient with common technology platforms (Google Suite, Zoom, Microsoft etc.).
  • Can align with CED’s guiding team principles: 
  1. Build trust through radical candor and transparency. 
  2. Recognize humanity: balance rigorous commitment to our future, our community and ourselves.
  3. Find joyful abundance through collective problem solving.
  • Enjoys collaborative work environments and is interested in supporting the growth and success of teammates.
  • Balances initiative, vision, commitment to values & purpose with consistent attention to detail + ability to manage, prioritize, meet deadlines in a fast-paced work environment; embodies the venn diagram below:

Position Details


  1. Salary: $65,000 - $80,000 
  2. Generous benefits package, including health, dental and vision coverage, 3% retirement match, student loan assistance program, health savings account, and remote work reimbursements.
  3. CED observes all national holidays and maintains a Responsible Paid Time Off policy.
  4. This position requires Massachusetts residency (unless otherwise negotiated) and the ability to commute to CED’s Boston office on a regular basis. The Managing Director of Capital Strategies who you will work closely with is based in Oakland, CA. 
  5. Current Covid-19 protocol allows fully remote work arrangements for employees, with an option to use CED’s Boston office space.
  6. Apply here.


EQUAL OPPORTUNITY EMPLOYER


Center of Economic Democracy is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, sex, religion, age, disability, sexual orientation, gender identity, veteran status, height, weight, or marital status in employment or the provision of services.



Salary

$58,500 - $80,000 per year