Manager, Impact Investment

About this position

Manager, Impact Investment
Apply by: September 13, 2024
Start Date: Fall 2024
Salary: $80,000-95,000 commensurate with experience
Job type: Full-time
Location: Greater Toronto Area/Remote
 
About this role
As our Manager, Impact Investment you play a crucial role in bringing innovative impact investment products to market, ensuring they align with regulatory standards. This role is integral to our mission, combining financial acumen with a desire for social impact.  This role reports directly to the Co-Executive Directors and works collaboratively with the Campaigns and Investment Administration teams. 
You will:

• Conduct Due Diligence to assess new and potential clients for appropriateness for community bonds.
• Support Client Financial Modeling and Business Planning by reviewing materials produced or provided by the client
• Prepare Offering Documentation by leading the preparation of detailed investment documents for clients, with a focus on comprehensive disclosure.
• Ensure Regulatory Compliance by working with colleagues and clients to scope out and complete any filings required by applicable regulatory jurisdictions.

• Assess incoming client projects through comprehensive due diligence, evaluating their potential for community investment.
• Analyze client-provided information, including financial statements and business plans, to review the feasibility and risk associated with investment opportunities.
• Collaborate with clients to identify key project strengths and areas for improvement.

• Assist clients in using Tapestry’s financial modeling tool, integrating community investment into their own financial models and projections.
• Review client financial projections and support the assessment of the feasibility of financing through community investments.
• Identify critical information in financial disclosures to aid in the development of investment offering documentation.
• Note: Tapestry does not provide business advice or evaluate the feasibility of organizations’ business plans but assesses the potential for community investment to support client initiatives.

• Manage the preparation of offering documentation (offering statements, offering memorandums, trust agreements, etc.) based on client registration status and regulatory requirements.
• Research, review, and communicate regulatory requirements to clients and the Tapestry team, including necessary approvals and filings.
• Draft offering documentation based on client-provided business plans and financial models, using templates and prior examples.
• Ensure alignment between business plans, financial models, and offering documentation.
• Liaise with clients' legal counsel and prepare drafts of offering documentation, incorporating feedback from all parties involved (legal counsel, Tapestry team, clients).
• Manage timelines and expectations to ensure an efficient documentation process.

• Coordinate with the Tapestry team and clients to organize financial documents, offering documents, and supplementary materials securely.
• Ensure regulatory filings are completed in accordance with jurisdictional requirements.
• Develop, implement, and oversee compliance policies and procedures.
• Conduct compliance risk assessments and audits.
• Educate staff on compliance requirements and best practices.
• Serve as the primary point of contact for regulatory bodies.

• Degree in Business, Finance, Economics, or a related discipline.
• 3+ years of experience in a finance role with increasing responsibility.
• Experience analyzing, reviewing, and/or drafting investment offering statements, memorandums, prospectuses, and/or participating in financial due diligence processes.
• Proficiency in drafting, reviewing, and/or analyzing financial models
• Ability to understand and analyze financial statements (balance sheet, cash flow, income statement).
• Understanding of accounting principles and/or investment administration.
• Experience preparing and/or analyzing legal briefs.
• Experience in investment or fund administration.
• Knowledge of exempt market securities, compliance, and regulatory frameworks.

• Accounting designation (e.g., CFA, CA, CGA, CMA) or professional designation as a lawyer.
• Completion of the Canadian Securities Course Exam or Exempt Market Products Exam, or willingness to take it.
• Experience in real estate and/or affordable housing finance

• Strong interpersonal skills, with the ability to build and maintain relationships with clients and team members.
• Superior writing and verbal communication abilities, ensuring clarity and professionalism in all interactions.
• Experience and comfort working in Excel.
• Emotional intelligence to effectively share feedback, coordinate teams with different personalities, and proactively identify and address issues.
• Accuracy and attention to detail in all aspects of work.
• Excellent organizational skills, with the flexibility and self-motivation to manage multiple tasks and deadlines effectively.

• Competitive Annual Salary: $80,000 - $95,000, based on experience.
• Flexible Work Environment: Enjoy a remote-first approach with the option to work from home, our Toronto head office, or a paid membership to a co-working space in your community.
• Generous Time Off: 4 weeks of paid vacation, plus an additional two-week winter holiday office closure. Half-day Fridays during July and August and your birthday as an extra paid holiday.
• Comprehensive Health Coverage: Extended health benefits including paramedical, dental, and vision care.
• Financial Perks: RRSP matching plan, and reimbursements for 50% of home internet and 80% of cell phone expenses.
• Professional Growth: Participate in shaping the growth of a unique, impactful organization, and receive support for continuous learning and career development.

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