Investment Associate

Position Type:Full-time

Pay:$85,000 - $92,000 per year, dependent on experience and education

Benefits:457b plan, and matching; Medical coverage and 100% deductible coverage through HRA; Dental coverage; Vision coverage; Life insurance; Paid time off; Parental leave; Tuition Reimbursement; Monthly Remote Work Stipend; Supplemental Retirement Plan, and more.

Schedule:Monday to Friday 9-5pm; occasionally work on off hours if required

Work Location:Hybrid; Home and Boston Office at least 1 day per week

Job Overview:

The Massachusetts Clean Energy Center (MassCEC) seeks a proactive self-starter to join the venture investments team. The Investment Associate will work with the Investments team to accelerate the advancement of technology, job growth, and economic development in the Massachusetts Clean Energy Industry. The Associate will report to the Investments Principal and will work alongside the Investments team to source, evaluate, make, and manage equity and venture debt investments in the most promising clean energy companies in Massachusetts, and to assist with other related programs. This is an opportunity for a hardworking and motivated candidate to take ownership of significant responsibilities and build a venture capital skillset while developing deep relationships across the Massachusetts clean energy sector.

Job Duties

New Investments and Transaction Execution: Help our team identify promising clean energy companies and execute new investments to grow our portfolio.

• Help develop comprehensive investment theses for climate tech to guide investment selection
• Help identify, track, analyze, and evaluate new climate tech investment opportunities
• Conduct investment due diligence, including business plan evaluation and general, financial, and technical due diligence
• Prepare investment recommendation presentations for senior management and the MassCEC Investments Committee and Board
• Assist with managing deal paperwork

Investments Portfolio Management and Support: Work closely with all members of the Investments team as we engage with and provide support to companies that we have already invested in.

• Work with the Investments Principal and other staff members to assist with advising and managing investments in portfolio companies
• Attend board meetings as an Observer
• Respond to and process requests for support from portfolio companies.

Drive Cross-Organization Collaboration: collaboratefrequently and effectively with teams across MassCEC, including Technology Development, Offshore Wind, Transportation, Net-Zero Grid and Buildings

• Identify and capitalize on potential synergies across teams
• Work together to identify opportunities for Investments to invest in companies that have received MassCEC grant funding
• Identify and implement opportunities for Investments portfolio companies to participate in pilot and demonstration projects
• Evaluate technologies and support due diligence efforts across the teams

Investments Team Process Management: Take a lead role in making our team operate efficiently and coordinating our work with others at MassCEC.

• Assist with semi-annual portfolio valuation process, including valuation spreadsheet and valuation narrative
• Assist in the preparation of presentations and recommendations for investment to senior management, the Investments Committee, and the Board of Directors
• Respond to data and information requests from within the organization
• Assist with administrative duties such as meeting notes, preparing agendas, writing briefs, preparing documents for CEO signature, scheduling meetings, and other tasks as directed by the senior staff members

External Representation of MassCEC: Build a strong network across the climate tech space through proactive engagement with ecosystem partners and other stakeholders.

• Represent MassCEC at meetings, conferences and working sessions
• Coordinate and conduct regular engagement with key ecosystem partners
• Attend events to identify new investment opportunities and potential investment partners

Team Management: Help manage and mentor junior team staff.

Position Qualifications:

Education:

• Minimum undergraduate university degree
• Background in business, engineering, or science
• Master’s degree preferred

Experience:

• 3 - 5 years relevant work experience
• Venture capital investment, investment banking, strategy consulting and/or corporate positions, with exposure to energy, power, or climate tech industries and to startups and entrepreneurship, preferred

Knowledge, Skills, and Abilities:

• Proactive self-starter
• Strong qualitative and quantitative analytical skills
• Excellent oral and written communication skills
• Demonstrated ability to collaborate effectively with colleagues and across teams
• Demonstrated ability to work independently and manage multiple priorities effectively
• Demonstrated ability to obtain and review complex technical information and clearly articulate conclusions and associated recommendations
• Interest in climate tech and a demonstrated aptitude to understand complex and new products, systems, innovations, and business concepts as well as market opportunities and challenges
• Strong command of Excel, Word, and PowerPoint

About the Massachusetts Clean Energy Center

The Massachusetts Clean Energy Center (MassCEC), as a quasi-public entity, plays a critical role in fostering the success of our state’s climate tech sector. MassCEC’s mission is to accelerate the clean energy and climate solution innovation that is critical to meeting the Commonwealth’s climate goals, advancing Massachusetts’ position as an international climate leader while growing the state’s clean energy economy. MassCEC undertakes targeted programmatic initiatives to accelerate cost reductions in clean energy, help consumers diversify their energy choices and address evolving energy needs, leverage public and private funds to drive investment into this rapidly growing sector, and scale-up renewable energy deployment across the state.

MassCEC is committed to creating a diverse, equitable, and inclusive organization where everyone is welcomed, supported, respected, and valued. We are committed to incorporating principles of diversity, equity, inclusion, and environmental justice in all aspects of our work to promote the equitable distribution of the health and economic benefits of clean energy and support a diverse and inclusive clean energy industry. MassCEC strives to lead and innovate in equitable clean energy and climate solutions.

To Apply

Qualified candidates are encouraged to submit a resume and cover letter online through our Online Career Center.

Applicants with diverse backgrounds, experiences, abilities, and perspectives are encouraged to apply.