FUND MANAGER

The Role

The Fund Manager will oversee a portfolio of two types of impact-focused funds: private credit with a primary focus on direct lending facilitated through origination partners and New Markets Tax Credit investment funds. This role encompasses managing numerous aspects of the fund through its entire lifecycle, including investment strategy development, financial modeling and analysis, investor relations, fund governance, and fund dissolution. The Fund Manager will collaborate closely with internal teams, investors, portfolio managers, originators, and external stakeholders to ensure the funds achieve their desired financial return while delivering meaningful social and environmental impacts.

What You'll Do

Fund Management:

• Monitor and Drive Fund Performance: Continuously track fund financial and impact performance, ensuring optimal outcomes for investors and stakeholders
• Optimize Fund Liquidity and Capital Allocation: Manage capital calls, distributions, liability payments, and idle cash investments to maximize returns and performance
• Oversee Portfolio Decisions: Work with portfolio managers to make strategic portfolio-level decisions
• Manage Investment Closings: Manage the closing of new investments, ensuring all legal and operational requirements are satisfied
• Ensure Governance Adherence: ensure all fund governance, regulatory, and fiduciary obligations are met, safeguarding the fund’s integrity
• Oversee Fund Exit Strategy and Dissolution: Lead the dissolution of funds, coordinating the legal, financial, and operational exit strategies

Fund Modeling and Financial Analysis:

• Develop Advanced Fund Financial Models: Build sophisticated financial models incorporating debt, equity, and philanthropic capital tailored to the fund’s strategic objectives
• Maintain and Refine Fund Models: Regularly update fund models to reflect the latest financial results, assumptions, and market conditions
• Conduct Scenario Analysis and Stress Testing: Execute advanced scenario analysis and stress tests to validate fund performance in various environments
• Provide Financial Modeling Services: Develop and maintain fund financial models for a limited number of external fund manager clients
• Present Analytical Insights: Communicate model outputs to internal teams, investment committees, and external stakeholders, supporting data-driven decision-making

Investor Relations:

• Strengthen Investor Relationships: Forge strong relationships with investors and external stakeholders by gaining their trust and providing value
• Ensure Transparent and Proactive Communication: Provide regular performance updates and reports, maintaining trust and clarity with investors
• Investor Presentations: Present quarterly and annual performance updates to external stakeholders

Other Duties:

• Continuous Professional Development: Commitment to enhancing financial expertise, developing relationships in the impact investing industry, and continuously improving interpersonal and leadership skills
  
• Lead Special Initiatives: Support senior management with high-impact special projects and contribute to evolving business strategies
  
• Develop and Mentor Talent: support the growth and learning of teammates and colleagues

Who We're Looking For

Experience:

• Demonstrated experience executing investment strategies, building financial models, and analyzing financial data to support decision-making
• Proven ability to collaborate cross-functionally to achieve organizational goal
  

Skills and Competencies:

• Strong analytical skills with expertise in financial modeling
• Strategic thinker with strong decision-making abilities
• Excellent communication and stakeholder management skills
• Capable of working independently and managing multiple projects, prioritizing tasks, and meeting deadlines in a fast-paced environment

Personal Qualities and Additional Requirements:

• Alignment with Broadstreet's values and mission
• Self-motivated and achievement-oriented with a willingness to advance to senior leadership roles
• Adaptability in a dynamic environment and responsiveness to market changes

To Apply

Broadstreet is an equal opportunity employer. Applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.