Careers
Calvert Foundation, an industry leader, has been named one of the top organizations changing the world by Fast Company. Our team consists of bright, energetic and talented people who have a passion for making a difference in the world by helping undeserved communities. We offer an excellent benefits package that includes a transportation subsidy and more.
Current openings include:
Fund Manager, Community Investment Partners
Location: US - Maryland – Bethesda
Calvert Foundation seeks an experienced investment professional to serve as a Fund Manager in Community Investment Partners, Inc (CIP), a wholly-owned subsidiary and a Registered Investment Advisor. We are looking for an individual who seeks to use her/his experience and education to make a difference in the world and help channel capital to underprivileged communities in the United States and abroad in a fast growing, entrepreneurial environment.
The Fund Manager reports to the chief executive officer of CIP. This position is based in Bethesda, MD. Calvert Foundation provides an excellent benefit package that includes medical, dental, life, 401(k), transportation subsidy, and more. This position will require travel.
Essential Duties and Responsibilities:
The responsibilities of this position include maintaining the most strategic view of client separate account objectives and of how various investments fit within those objectives. This individual is most responsible for overall investment prioritization criteria for each account and for overseeing and ensuring effective service delivery to CIP clients. The Fund Manager is also responsible for origination, structuring and closing of new client separate accounts and making new product and other strategic recommendations to CIP executive management.
Primary Activities:
- Successfully implement customized investment strategy and apply to portfolios as appropriate for each client that balance social, financial and risk preferences. Diverse client portfolios include investments in CDFI’s, Affordable Housing Developers and Lenders, Microfinance, and other mission based organizations.
- Frequent communication with clients to ensure high level of service delivery. Respond to requests from clients.
- Regular communication to clients on the status of portfolio performance. Coordinate report preparation, produce additional reports as needed.
- Integrate new clients into processes and systems to ensure smooth transition.
- On a daily basis oversee service delivery to ensure contractual, compliance, fiduciary and investment responsibilities to clients are being met and provide routine reports to the chief executive officer.
- Oversee and analyze all portfolio valuations and prepare required documents
- Review and file quarterly and monthly performance and compliance reporting from investment managers.
- Maintain in-depth daily knowledge of the social investment fixed income markets and products, as well as portfolio management products, including the rationale for underlying holdings and sector allocation decisions.
- Become a trusted and respected member of the CIP portfolio management team, attending and contributing to team meetings.
- Understand and discuss performance results. Maintain current understanding of market developments specific to the products and proactively communicate related information to clients and internal staff.
- Prepare and present clients reports as needed. Deliver clear presentations on the markets, CIP products, process, strategy, performance and outlook. Participate in new business presentations and reporting meetings for potential clients. Help win business and create new leads.
- Act as an ambassador for CIP, articulating the corporation’s investment proposition and strategy in conferences and other high-profile settings. Respond promptly to investment-related inquiries from clients or other marketers.
- Develop strong personal relationships across functions – with the lending team, financial and operations team and sales and marketing teams.
Professional Requirements and Skills:
- Successful candidates will be highly credible presenters, able to deliver compelling and concise investment presentations leading to increased business. They will be able to successfully field in-depth investment-related questions on a broad range of fixed income related topics ranging from Program Related-Investments to structured finance.
- The individual will also have strong written communications skills.
- Successful candidates will be self–starters able to effectively operate in a highly team-oriented and collaborative environment and efficiently manage their time. They will have strong interpersonal skills, and will be expected to develop close relationships with other CIP teams.
- Successful candidates can expect to spend approximately 20 percent of their time traveling visiting clients and attending industry-related events.
- Microsoft Office Applications-Excel and Word.
- Excellent analytical and problem solving skills.
- Series registration not required.
- Creativity and sense of humor a plus.
Education:
- Over five years of portfolio management or lending experience is required. Candidate must demonstrate an in-depth knowledge of and interest in the social investment fixed income market, as well as significant understanding of the separate account management process.
- An MBA, MPA, CFA or other advanced degree/qualification is highly preferred, but not mandatory.
- Bachelor’s degree in a finance-related field preferred. A substitute of more than 5 years investment experience is acceptable.
Supervisory Responsibilities
This position has no direct supervisory responsibilities at this time.
About CIP, Inc. and Calvert Foundation:
Community Investment Partners, Inc. is a wholly-owned subsidiary of the Calvert Foundation. CIP, Inc. provides advisory and customized asset management services for sophisticated investors seeking a blend of positive social outcomes, financial return and risk management. Clients include primarily high-profile foundations and financial institutions with a commitment to community investment. Our clients finance affordable housing, micro-businesses and essential community services, domestically and internationally. CIP, Inc. administers approximately $300 million in accounts.
Calvert Foundation, a nonprofit 501(c)(3), is an innovative industry leader in Community Investing and Microfinance, recently acclaimed by Fast Company as one of the Top 25 Groups Changing the World. Our work has been profiled in leading publications, including the Washington Post, Business Week, the Wall Street Journal and the Financial Times. Calvert Foundation is a fast growing social enterprise that provides investment capital to non-profits that help people in disadvantaged communities work themselves out of poverty, in order to foster a more equitable and sustainable society. At year-end 2009, Calvert Foundation had assets of approximately $240 million.
CIP and Calvert Foundation are based in Bethesda, MD. CIP and Calvert Foundation are legally separate entities from Calvert Group, Ltd., the largest family of socially responsible mutual funds in the country
How to Apply:
Interested Candidates should forward a resume to jobs@calvertfoundation.org with CIP Fund Manager in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
Underwriting Consultant, Lending and Advisory Services
Request For Proposals:
Calvert Foundation is seeking responses to this Request for Proposals (RFP) from qualified underwriters who are interested in serving as consultants to analyze organizations that specialize in affordable housing development and lending, small business and community facility lending, New Markets and Low-Income Housing Tax Credit projects, and community and economic development on a fee-for-service basis.
Role of Consultants and Qualifications:
The Consultants chosen will serve as part of a pool of external professionals with whom Calvert Foundation shall periodically contract to perform due diligence reports upon existing or prospective borrowers. Due diligence reports will be assigned by Calvert Foundation’s U.S. lending team and will be determined by the Consultant’s availability, interest, and expertise in the relevant industries (affordable housing, education, rural development, etc.) The Consultants will be asked to attend an orientation to Calvert Foundation credit analysis either in person or via telephone at certain points over the year. The Consulting contract is at will, and may be cancelled at any time by either the Calvert Foundation or the Consultant for any reason.
Qualification, Skills and Required Experience:
- Advanced degree in business, accounting and or finance; or equivalent experience
- Significant experience in credit analysis and underwriting in a commercial or banking context
- At least 5 years experience in credit analysis of CDFIs
- Experience and/or knowledge in affordable housing development and lending, small business and community facility lending, and/or New Markets and Low-Income Housing Tax Credit projects.
Proposal Submissions:
Prospective consultants should submit a resume and professional writing sample including a credit analysis to communities@calvertfoundation.org with Domestic Underwriter in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
Questions on the process should also be submitted to this e-mail address and will be addressed in a timely fashion.
Consultants will be selected, interviewed, and notified on a rolling basis.
For more information on this position, please download and view the official RFP here, Underwriting Consultant RFP.
Investor Relations Associate, Marketing Sales and Servicing
Calvert Foundation is looking for an Investor Relations Associate who seeks to use her/his education and experience to help channel investment capital to low-income communities in the US and around the world. We seek a talented and socially committed individual, with strong organizational and communication skills, a sharp attention to detail, and a can-do spirit.
The Investor Relations Associate will be part of Calvert Foundation’s Marketing Sales and Servicing Team to support the organization’s work with investors, donors, and financial professionals at the cutting edge of investing for social impact. The Associate will be the primary point of contact for all inquiries into the Foundation and the primary administrative support for impact investors.
Principal Responsibilities:
- Primary Customer Relations Contact for Calvert Foundation – First point of contact for all investor/donor inquiries into the Foundation. Responsible for receiving and resolving all inquiries - from financial advisors, HNW individuals, institutions, and retail clients - and routing them as appropriate to other staff.
- Investor Administration – Primary contact for all investors in the servicing of their accounts. Handles communications and reporting for all Notes, including mailings and supporting the Social Impact Reporting process. Uses Salesforce to document activity and communicate with team regarding key relationships.
- Marketing & Sales Support – Provide support for developing relationships with investors and financial professionals, marketing efforts, gathering of social impact stories and photos, and more.
Qualifications, Skills and Required Experience:
- College Degree
- Excellent Communications and Customer Service Skills
- Strong Computer Skills including Microsoft Office and familiarity with databases, experience with Microsoft Access and Salesforce preferred
- Ability to work within a team framework and take initiative
Comments:
- Full Time position based in Bethesda, MD
- Salary: $31,000
- Excellent benefit package that includes medical, dental, life, 401(k), transportation subsidy, and more
- No phone calls please
- Interested Candidates should forward a resume to jobs@calvertfoundation.org with Investor Relations Associate in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
Marketing & Communications Intern
Trying to chart your post-graduate path? Looking for work that is meaningful and rewarding? How about an internship that will expose you to a little of everything? We are looking for an undergraduate to work about 20 hours per week with the Marketing, Sales and Services team. Our office is located 2 blocks south of the Bethesda metro stop (red line).
Why this internship is the best you’ll ever have:
- We are an innovative non-profit with an entrepreneurial spirit and approach to our work. Your work will contribute to helping underserved communities around the world.
- You’ll get a sense of life in a semi-formal office environment and what it’s like to work as part of a 40-person staff.
- You will be exposed to a number of functional areas including: marketing/communications, community investment/finance/microfinance, and sales/customer service.
- We’re a fun team that likes to learn, laugh and grow.
- There is an overflowing candy dispenser on the intern desk.
What we need from you:
- Meticulous attention to detail – particularly in your writing and organizational skills (Note: If there is a typo on your cover letter or resume, you will not be considered.)
- Willingness to tackle a variety of tasks – from writing for our blog to analyzing data in Excel to helping to organize our marketing materials storage room
- Flexibility and patience – things move quickly here, so there is a need to be adaptable to change
- Dependability – our interns become an integral part of our team; we need to be able to rely on you to show up on time and get the job done well
Qualifications:
- Knowledge and experience with Microsoft Office, particularly Word (mail merge), Excel, and PowerPoint
- Comfort with databases and data entry – we work with a customer relationship management system called Salesforce.com
- Solid sense of commitment and responsibility, with a desire to be proactive and take initiative
- Interest in social issues, particularly microfinance, affordable housing and environmental protection
Interested candidates should send their cover letter and resume to jobs@calvertfoundation.org with "Marketing Intern" as the subject line.
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