Strategic Investments Manager

About Pursuit

Our mission is to create economic transformation. By training low-income adults to launch and advance careers as software engineers, we help our Fellows go from earning $18,000 to over $90,000 starting salary on average, adding an estimated $2M in lifetime earnings. Pursuit partners with leading companies like Blackstone, USV, Citi, Peloton, and Uber to employ Fellows in career-defining engineering roles and supports them with on-the-job training to ensure potential translates to performance. Since 2013, Pursuit has created ~$1B in total lifetime wage gains, creating lasting economic mobility that spans generations. 

Pursuit’s proven solution is built on two interconnected components: training (which includes community development, Core pre-job training, and Commit on-the-job training) and a financial product (known as Bond). However, growing training alone will not meet the magnitude of need nor solve new societal challenges ahead. The typical expectation is to expand our training to other cities, but this will not come anywhere close to creating good jobs for millions of low-income Americans. Instead, our strategy for scaled impact is to evolve our financial product and create tools for other organizations, jobs, and places. We believe that this will not only create good jobs for millions of low-income Americans but will also generate a new trillion-dollar market directly tied to results in the long term.

We are One Big Team

The passionate and collaborative team at Pursuit gives its all to achieve our mission. And it’s not just staff. We work with employer partners that love hiring our Fellows because they are so well prepared, ranging from big financial firms to scrappy startups, and everything in between. We also activate and engage hundreds of volunteers that come from all areas of the tech industry. These experts and professionals help keep our curriculum fresh and our standards for achievement high by participating in our admissions process, as well as program-specific activities such as interview training, DemoDays, Hackathons, and Capstone projects. 

We are in search of an energetic and thoughtful Strategic Investments Manager who will assume a broad range of product and investment management responsibilities across our impact investment products, investor management, and capital projects for a spectrum of blended capital raises including forgivable grants, recoverable grants, impact debt and equity, and market-rate debt and equity. In this role, you will be an integral part of the Impact Investments team managing relationships with existing and new investors, lenders and funding partners. The right candidate must be comfortable building complex financial models and developing thoughtful presentations with minimal guidance that can promote and close new capital commitments. This person will be a superior team player internally and externally, providing critical analysis and engaging investors to help close meaningful deals, manage large multi-year contracts, and build the future of the impact investments business. The candidate will work closely with the Managing Director (MD) of Impact Investments and be part of a high-performance team that will scale Pursuit’s fundraising, investment management, and diligence capabilities to meet their goals over the next 3 years. 

As an Strategic Investments Manager, you will: 

• Assume project and product management ownership across the investment management lifecycle including fundraising campaigns, due diligence, strategic management, and investor reporting across Pursuit.org and Pursuit PBC. 
• Promote and describe Pursuit’s long-term vision and strategy, value proposition, and investment opportunity to stakeholders, investors, and funders
• Coordinate and work closely with all internal and external partners, and advisors (financial, legal) to drive transactions and projects to close
• Create detailed financial models for a spectrum of blended capital, including impact and market-rate debt and equity, PRI, and grant funders
• Create detailed financial analysis and projections to support investment diligence, close fundraising, and manage ongoing valuations
• Conduct credit and risk analysis across our fellow bond population to drive operational insights and investor diligence
• Drive investor relations function by creating monthly and quarterly financial and impact analysis reporting for all existing and new investors 
• Manage impact and financial tracking and reporting, compliance, and relationship management
• Support impact and blended finance market research and analysis for new financings, future product structuring, and financing business models
• Develop transaction, investment management, and reporting best practices across the organization
• Other duties and responsibilities as needed or required by the Manager    

What you need to be considered for the Strategic Investments Manager role: 

• 4-5+ years of professional experience in the fields of investment banking, asset management, business strategy, management consulting, product management, program management, etc. 
• Project management experience and strong analytic skills
• Proven experience developing excellent financial models, credit analysis and creative modeling 
• Experience with fundraising and investor due diligence processes
• Experience with managing investors, ongoing reporting and relationship management
• Relentlessly meticulous, driven and outcomes-driven
• Experience working closely and building consensus with organizational leaders to achieve outcomes
• Outstanding verbal and written communication skills
• Data-driven and results-focused
• Creative, flexible, and solution-oriented
• MBA, JD, or related advanced degree welcomed but not required
• Commitment to Pursuit’s mission to help underserved and underrepresented communities achieve financial independence 

Where you’ll work: 

• On site, 3-4 days per week in our Long Island City Office

Salary & Benefits:

The salary range for this role is $170,000 - $180,000 base + incentive compensation.

The compensation range above is for the expectations as laid out in the job description, however, we are often open to a wide variety of profiles and recognize that the person we hire may be less experienced (or more senior) than this job description as posted.  If that ends up being the case, the updated salary range will be communicated to you as a candidate.

Pursuit offers: 

• Great culture where transparency, respect, teamwork, and kindness are valued
• Competitive compensation in base, plus bonus and a full benefits package
• 401k Match
• Unlimited PTO and an all-Pursuit summer break the last week of August and a week-long holiday the last week of December
• Flexible, hybrid work schedule with catered lunches once a week and delicious snacks
• An opportunity to work at the intersection of tech and social impact, and make a direct impact on the communities of those we serve.

Pursuit values diversity: 

Our team has a wide range of backgrounds and experiences, and we value the richness that diversity brings to our organization. We welcome new perspectives and affirm that all employment decisions are made without regard to race, color, ancestry, religion, national origin, age, familial or marital status, sex, sexual orientation, pregnancy, gender identity or expression, disability, genetic information, veteran status, or any other classification protected by federal, state, or local law. Pursuit is an equal opportunity employer.