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 underserved communities. We offer an excellent benefits package that includes a transportation subsidy and more.
Current openings include:
Senior Investment Officer, International Investments
Calvert Foundation seeks a Senior Investment Officer to join its international investments team within the larger Lending & Advisory Services Department. The Senior Investment Officer will be responsible for the origination of new loans and the management of credit quality within the international portfolio. This portfolio is comprised of microfinance institutions and intermediary vehicles, ventures in sustainable agriculture, and small to medium enterprises providing access to clean water and renewable energy to the base of the pyramid.
The Senior Investment Officer will also act as an advisor to the Manager of the Risk Management Department, the Portfolio Manager for International Investments, and the Vice President, Community Investment Partners, on strategies for portfolio expansion and penetration of new market segments. The Senior Investment Officer is expected to serve as a deputy to the Portfolio Manager for International Investments and to fulfill his/her duties when he/she is absent or travelling.
Principal Duties and Responsibilities:
New Business Development and Portfolio Management:
- In conjunction with the International Portfolio Manager (PM) and as his/her deputy, manage the international portfolio with the goal of maintaining high credit quality. Act as manager in the PM’s absence.
- Manage and coordinate customer relationships with existing clients. Develop and monitor a pipeline of investment opportunities in this portfolio.
- Structure and negotiate the terms and conditions of loans to new clients, including the development and execution of term sheets and the negotiation of complex deal terms. Oversee closing and disbursement process for loans in this portfolio, including execution of foreign exchange derivatives with bank and other counterparties when necessary.
- Evaluate due diligence reviews, including financial analysis, and make recommendations for loans to prospective and current borrowers. For newer market segments, conduct due diligence reviews, including financial analysis, and make recommendations for loans to prospective and current borrowers. When necessary, conduct site visits to loan candidates.
- Prepare and present investment recommendations for approval of new transactions, renewals and increases to existing borrowers to appropriate Investment Committees.
- In conjunction with the Risk Management department, develop and present investment policies to Calvert Foundation’s Board Investment Committee.
- Identify high risk loans and prepare written analysis for classified assets; re-structure troubled loans; and implement work-outs.
- Provide guidance and input for internal reporting regarding the international portfolio. Design new portfolio reports for internal and external stakeholders.
Strategy and Partnership Development:
- Develop strategies for entering new markets and product/business lines and present strategies to Calvert Foundation senior management and Board Investment Committee for approval.
- Develop partnerships with leaders in the impact investing industry for deal origination, syndication, and other sources of portfolio expansion.
- Market Calvert Foundation’s products and services to the international impact investing industries through attendance, presentations and networking at conferences and other venues.
- Support the Portfolio Manager in fundraising for new initiatives and Calvert Foundation as a whole.
Advisory Services:
- In conjunction with the management team for Calvert Foundation’s Community Investment Partners (CIP) subsidiary, provide advisory services in the areas of portfolio design, pipeline development, and fund structuring for off-balance sheet asset management clients interested in international investing
- Make recommendations for potential CIP client borrowers, act as liaison with borrowers and support the completion of the transaction process.
Qualifications, 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 to 7 years of experience in credit analysis of microfinance institutions, small and medium enterprises (SMEs), Social Enterprises and other entities working in emerging markets
- Experience in the credit analysis of structured investment funds and other intermediaries that invest in emerging markets
- Investment experience related to the following sectors is a plus: renewable energy, sustainable agriculture, education, health, water and sanitation and fair trade
- Experience with loan restructuring, refinancing, and problem loan workouts beneficial but not required.
- Experience with financial modeling beneficial, but not required.
- Willingness to travel up to 20% of the time in emerging markets
- Advanced knowledge of Microsoft Office Applications, especially Excel
- Ability to work independently, multi-task and prioritize competing demands.
- Excellent communication skills, internal and external
- A “can-do” attitude, with strong problem solving skills and an entrepreneurial mindset
- Willingness and ability to adapt to change in a dynamic work environment
- Fluency in English and high-level proficiency in a second language – French, Spanish or Russian preferred but not required.
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 "Senior Investment Officer - International" in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
Investment Officer, International Investments
Calvert Foundation seeks an Investment Officer to join its international investments team within the larger Lending & Advisory Services Department. The Investment Officer will be responsible for the origination of new loans and the management of credit quality within the international portfolio. This portfolio is comprised of microfinance institutions and intermediary vehicles, ventures in sustainable agriculture, and small to medium enterprises providing access to clean water and renewable energy to the base of the pyramid.
The Investment Officer will work with the Manager of the Risk Management Department, the Portfolio Manager for International Investments, and the Vice President, Community Investment Partners, on strategies for portfolio expansion and penetration of new market segments.
Principal Duties and Responsibilities:
New Business Development and Portfolio Management:
- In conjunction with the International Portfolio Manager (PM) and as his/her deputy, manage the international portfolio with the goal of maintaining high credit quality. Manage and coordinate customer relationships with existing clients. Develop and monitor a pipeline of investment opportunities in this portfolio.
- Structure and negotiate the terms and conditions of loans to new clients, including the development and execution of term sheets and the negotiation of complex deal terms. Oversee closing and disbursement process for loans in this portfolio, including execution of foreign exchange derivatives with bank and other counterparties when necessary.
- Evaluate due diligence reviews, including financial analysis, and make recommendations for loans to prospective and current borrowers. For newer market segments, conduct due diligence reviews, including financial analysis, and make recommendations for loans to prospective and current borrowers. When necessary, conduct site visits to loan candidates.
- Prepare and present investment recommendations for approval of new transactions, renewals and increases to existing borrowers to appropriate Investment Committees.
- In conjunction with the Risk Management department, develop and present investment policies to Calvert Foundation’s Board Investment Committee.
- Identify high risk loans and prepare written analysis for classified assets; re-structure troubled loans; and implement work-outs.
- Provide guidance and input for internal reporting regarding the international portfolio. Design new portfolio reports for internal and external stakeholders.
Strategy and Partnership Development:
- Develop strategies for entering new markets and product/business lines and present strategies to Calvert Foundation senior management and Board Investment Committee for approval.
- Develop partnerships with leaders in the impact investing industry for deal origination, syndication, and other sources of portfolio expansion.
- Market Calvert Foundation’s products and services to the international impact investing industries through attendance, presentations and networking at conferences and other venues.
- Support the Portfolio Manager in fundraising for new initiatives and Calvert Foundation
Advisory Services:
- In conjunction with the management team for Calvert Foundation’s Community Investment Partners (CIP) subsidiary, provide advisory services in the areas of portfolio design, pipeline development, and fund structuring for off-balance sheet asset management clients interested in international investing.
- Make recommendations for potential CIP client borrowers, act as liaison with borrowers and support the completion of the transaction process.
Qualifications, 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 3 to 5 years of experience in credit analysis of microfinance institutions, small and medium enterprises (SMEs), Social Enterprises and other entities working in emerging markets
- Experience in the credit analysis of structured investment funds and other intermediaries that invest in emerging markets
- Investment experience related to the following sectors is a plus: renewable energy, sustainable agriculture, education, health, water and sanitation and fair trade
- Experience with loan restructuring, refinancing, and problem loan workouts beneficial but not required.
- Experience with financial modeling beneficial, but not required
- Willingness to travel up to 20% of the time in emerging markets
- Advanced knowledge of Microsoft Office Applications, especially Excel
- Ability to work independently, multi-task and prioritize competing demands
- Excellent communication skills, internal and external
- A “can-do” attitude, with strong problem solving skills and an entrepreneurial mindset
- Willingness and ability to adapt to change in a dynamic work environment
- Fluency in English and high-level proficiency in a second language – French, Spanish or Russian preferred but not required
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 "Investment Officer - International" in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
U.S. Investment Officer
Calvert Foundation seeks an experienced community development finance professional preferably with experience in health care and small business lending to join the US Business Development Team in a full-time role as a Investment Officer. The Investment Officer will be responsible for the origination of new loans and work closely with the risk management team to manage risk and credit quality within the US portfolio. This portfolio is comprised primarily of Community Development Financial Institutions, Affordable Housing Developers and Lenders as well as direct business investments in social enterprises, affordable housing projects, and community facilities.
The Investment Officer will be responsible for developing and implementing business sector strategies; sourcing, structuring, and closing new deals; managing complex loan restructures and workouts as needed; and maintaining productive industry partnerships to advance Calvert Foundation’s work. The Investment Officer will report to the Portfolio Manager, US Investments. This position will require moderate travel for customer site visits, meetings and speaking engagements.
Primary Responsibilities of the Investment Officer:
- Manage a portfolio of investments in US Community Development entities including Certified Development Financial Institutions (CDFIs), Affordable Housing Developers and Lenders, and other mission based organizations.
- Identify new business development opportunities for Calvert Foundation and its subsidiary Community Investment Partners. Generate and monitor a pipeline of investment opportunities.
- Develop and implement new sector strategies and product/business lines. Present to Calvert Foundation senior management and Board of Directors for review and approval.
- Analyze, structure, and negotiate credit requests, evaluate due diligence reviews, and make recommendations for new loans to prospective borrowers and increases to current borrowers.
- Prepare and present investment recommendations for approval of new transactions and policies to appropriate Investment Committees.
- Identify high risk loans and prepare written analysis for classified assets; re-structure troubled loans; and implement work-outs.
- Market Calvert Foundation’s products and services to the US impact investing industries through attendance, presentations and networking at conferences and other venues.
- Support the Executive and Marketing, Sales, and Service Teams in the sales of Calvert Community Investment Notes and attraction of donor support for the US portfolio and Calvert Foundation as a whole; contribute to investment and donation proposals and presentations.
Skills
- Ability to work independently, multi-task and prioritize competing demands.
- Excellent interpersonal, oral and written communication skills; customer service orientation.
- Abiding respect for diversity both of people and ideas.
- Ability to work both independently and collaboratively.
Education and 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 4 to 6 years of experience in credit analysis of community development entities.
- Advanced knowledge of Microsoft Office Applications.
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 "Investment Officer – US" in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814.
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