Address
Form of workImpact Investment Associate
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 earn from eighteen thousand dollars a year to over ninety thousandstarting 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 thousands of volunteers who come from all areas of the tech industry and beyond. At Pursuit, we are committed to breaking traditional barriers, focusing on potential rather than pedigree, and providing hands-on experience to empower participants in ways never seen before. Please be sure to review our company values, posted on our website, which will help provide further context on additional concepts that impact how we work here at Pursuit.
Position Overview: We are in search of an energetic and thoughtful Impact Investment Associate who will drive all Impact Investment campaigns and projects for a spectrum of unique and creative blended capital raises. Distinct from most raises these funds will include forgivable grants, recoverable grants, impact debt and equity, and market-rate debt and equity.
Most notably, the Impact Investment Associate will help to drive the progress of establishing and scaling the Pursuit Bond, Pursuit's innovative financing vehicle for workforce development, as a national standard in the workforce development industry. The Pursuit Bond utilizes outcomes-driven financing to open access to capital for training and workforce development organizations that traditionally rely on limited funding streams. We believe that scaling the Pursuit Bond will significantly expand and grow the efficacy of social impact-driving organizations. (The Pursuit Bond - https://www.pursuit.org/fellowship-bond)
In this role, you will be an integral part of the team managing relationships with existing and new investors, lenders, and donors ranging from the Macquarie Group, BlackRock, Deutsche Bank, etc. In order to succeed, this person will need to be a superior project manager, team player, and financial analyst to help close meaningful deals and large multi-year contracts. The candidate will report directly to Pursuit's Co-Founder and CEO ( Jukay Hsu ) and CFO ( Yong Kang ) and work closely with the VP of Partnerships and Business Development as part of a high-performance team that will scale Pursuit's fundraising capabilities to meet their goals over the next 3 years. Pursuit's fundraising team offers a unique opportunity to pioneer new and exciting, mission-driven, financial products while opening up new markets for companies looking to create genuine social impact.
Key Responsibilities:
Qualifications:
Where you'll work:
Pursuit offers:
Salary and Benefits:
The salary for this role is $135,000-$200,000 annually with additional performance-based 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 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.
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 earn from eighteen thousand dollars a year to over ninety thousandstarting 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 thousands of volunteers who come from all areas of the tech industry and beyond. At Pursuit, we are committed to breaking traditional barriers, focusing on potential rather than pedigree, and providing hands-on experience to empower participants in ways never seen before. Please be sure to review our company values, posted on our website, which will help provide further context on additional concepts that impact how we work here at Pursuit.
Position Overview: We are in search of an energetic and thoughtful Impact Investment Associate who will drive all Impact Investment campaigns and projects for a spectrum of unique and creative blended capital raises. Distinct from most raises these funds will include forgivable grants, recoverable grants, impact debt and equity, and market-rate debt and equity.
Most notably, the Impact Investment Associate will help to drive the progress of establishing and scaling the Pursuit Bond, Pursuit's innovative financing vehicle for workforce development, as a national standard in the workforce development industry. The Pursuit Bond utilizes outcomes-driven financing to open access to capital for training and workforce development organizations that traditionally rely on limited funding streams. We believe that scaling the Pursuit Bond will significantly expand and grow the efficacy of social impact-driving organizations. (The Pursuit Bond - https://www.pursuit.org/fellowship-bond)
In this role, you will be an integral part of the team managing relationships with existing and new investors, lenders, and donors ranging from the Macquarie Group, BlackRock, Deutsche Bank, etc. In order to succeed, this person will need to be a superior project manager, team player, and financial analyst to help close meaningful deals and large multi-year contracts. The candidate will report directly to Pursuit's Co-Founder and CEO ( Jukay Hsu ) and CFO ( Yong Kang ) and work closely with the VP of Partnerships and Business Development as part of a high-performance team that will scale Pursuit's fundraising capabilities to meet their goals over the next 3 years. Pursuit's fundraising team offers a unique opportunity to pioneer new and exciting, mission-driven, financial products while opening up new markets for companies looking to create genuine social impact.
Key Responsibilities:
- Fundraising Strategy: Work with senior leadership, investors, and other stakeholders to provide operational value-add and strategic input to investment structures and situations
- Fundraising Initiatives and Goals: Execute and drive coordination with all advisors (financial and legal) and partners both internal and external. Manage cross-functional teams seamlessly, including the creation and management of data rooms, while drafting Q&A in response to investor queries. Coordinate and participate in investor roadshow presentations
- Partner Relationships: Manage strong relationships with investor counterparts and managers. Promote and effectively communicate Pursuit's long-term vision and strategy, core mission, and value proposition to stakeholders. Help the team develop strong, lasting relationships with investors and donors by understanding their business objectives and aligning our offerings to meet their company's strategic goals
- Financial Analysis and Presentations: Create and manage pitchbook materials and all analysis, and financial models to support investment opportunities and close transactions. Independently research and analyze the market and competitive dynamics to create thoughtful and valuable potential investor and partner opportunities for the organization
- Impact Investment Best Practices: Develop fundraising best practices for the rest of the organization
- Investor Relations: Support investor relations and CFO to help provide monthly and quarterly financial and impact analysis reporting for all existing and new investors
Qualifications:
- MBA plus 3 years of experience in capital markets, impact investing, investment banking, or corporate finance role, or 7+ years with experience on both the buy and sell side of banking. Consulting experience is a plus.
- 3+ years of professional experience developing financial models, analysis, and fundraising marketing presentations for executive review.
- Deep commitment to Pursuit's mission to help underserved and underrepresented communities achieve financial independence.
- Strongproject management expertise and experience.
- Experience working closely and building consensus with organizational leaders to achieve desired results.
- Experience presenting directly to investors and senior executives.
Where you'll work:
- Hybrid: On-site in long Island City, NY
- Staff will be working on-site in our Long Island City Office 2 days/week
Pursuit offers:
- Great culture where transparency, respect, teamwork, and kindness are valued
- Competitive compensation in base, plus bonus and a full benefits package
- Unlimited PTO and a week-long Summer break and holiday during the summer and the last week of December
Salary and Benefits:
The salary for this role is $135,000-$200,000 annually with additional performance-based 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 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.
