Location: Candidates must be based in St. Louis or willing to relocate within 3 months (with moving expenses reimbursed).

Application deadline: Priority given to applications received by 4/25/2022; open until filled

About WEPOWER

WEPOWER is building a team full of dreamers and doers. We partner with Black and Latinx communities to build power to re-design education, economic, public safety, and health systems to be just and equitable for all. We build powerful relationships with community members and amplify their voices to inform critical decisions that impact their lives. We train community members to design new policies, organize, and lead policy and systems change. We provide early-stage companies with access to coaching, capital, connections, and community as they create jobs in the communities with whom we partner.

In just three years, WEPOWER has activated 300 community leaders, won a historic ballot measure that guarantees public funding annually for early childhood, supported 30 businesses with access to capital, coaching, and connections, and launched a one-of-a-kind investment fund for Black and Latinx businesses. We envision a future where systems are accountable to powerful communities that have been historically oppressed, and nurture our freedom, well-being, dreams, and joy. We are building a powerful movement led by everyday people, and we have bold plans for the years ahead to get us there. Join us!

Elevate/Elevar Capital is the investing arm of WEPOWER and is housed within the Community Wealth Building team. By providing aligned capital, coaching, and connections, we work to support the sustainable growth of Black and Latinx businesses that have the potential to anchor neighborhoods, provide good quality jobs, build community wealth and power, and help transform communities. Learn more about our pilot $1.5M revenue-based investment fund and our interest free loans program.

Our team is:

  • Fun
  • Focused
  • Values-driven
  • Community-centered
  • Collaborative
  • Innovative
  • Creative: Lots of brainstorming and imagining what’s possible and then chasing each possibility until it is reality!

Responsibilities:

Build and Manage the Investment Pipeline

  • Promote awareness and understanding of WEPOWER’s offerings throughout the community to build the pipeline of investment opportunities (for both revenue-based investments and interest-free, crowdfunded loans)
  • Ensure entrepreneurs understand and commit to the WEPOWER Founders' Commitment to Community (i.e. a collection of commitments related to investing in people – via living wage jobs, worker voice, control, and/or ownership, etc, place, and political power)
  • Lead efficient, effective investment underwriting process, including
    • Maintaining regular, responsive communication with prospects
    • Ensure entrepreneurs have whatever support they need to prepare required information (e.g. financial statements and projections), either firsthand or through referrals to partners
    • Evaluate prospective investments and document recommendations and rationale, in partnership with financial underwriting partners when appropriate (Kiva for interest-free loans and Mission Driven Finance for revenue-based investments)
  • Coordinate and lead Investment Committee meetings to review and approve proposed investments

Manage the Portfolio

  • Ensure returns and strategic objectives are achieved through active portfolio engagement and support, including by:
    • Building high-trust relationships with portfolio companies and regular meetings to understand progress, challenges, and opportunities for us to provide support
    • Identify and make useful connections for portfolio companies (e.g. to mentors, potential institutional customers and investors, etc.)
    • Develop financial projections in close coordination with portfolio companies and fund administration team
    • Monitor and measure portfolio performance, including assessing and adjusting due diligence, underwriting and wrap-around service processes as needed.
  • Ensure adequate financial and social impact monitoring of portfolio companies
  • Prepare quarterly investor reports documenting both social and financial performance, in partnership with contracted fund administration team

Note: The Director of Investments will work in partnership with the VP of Community Wealth Building as well as an external fund administration and underwriting team, at least until the next round of fundraising when we hope to grow the team further. As the first full-time investment hire, this role has significant potential to evolve further and take on increasing leadership over time.

The Ideal Candidate Will Have:

  • Several years (or more) of directly transferable business experience in related work (preferably investing in and supporting BIPOC-owned businesses and business owners) with a track record of success, including these critical skills:
    • The ability to make thoughtful investment recommendations, based on a thorough and holistic analysis of a business’ strengths, weaknesses, opportunities, and threats
    • The ability to review financial statements and projections and then critically analyze the information to identify strengths and risks (or the desire and aptitude to learn how to do so)
  • A track record of successfully managing and carrying out complex projects with a high degree of ownership, including effective and consistent prioritization, time management, and follow-through
  • Excellent interpersonal communication and relationship building skills with diverse stakeholder groups (e.g. potential portfolio companies, internal colleagues, investors, and partner organizations)
  • Entrepreneurial spirit, including an ability to resourcefully address problems as they arise and work effectively in iterative and evolving environments (e.g. a startup).
  • Experience working effectively both independently and collaboratively to achieve results
  • Demonstrated commitment to continuous growth, giving and receiving feedback; self-reflective and eager to learn
  • Strong awareness of how privilege, bias, and oppression show up in your life and in relationships with other people
  • Experience effectively leading and managing people
  • An approach that embraces rolling up one’s sleeves to achieve the desired goals in a non-hierarchical, unpretentious, and ambitious environment (high impact, low ego)
  • Commitment to building community wealth and power, especially in and with Black and Latinx communities, and an understanding of investing as part of advancing these goals

We know that candidates will be stronger in some areas of these roles more than others. Please don’t let that stop you from applying!

Travel

You will engage in limited travel with the exception of professional development experiences that align with your short-term and long-term development goals and areas of interest.

Compensation & Benefits

The salary range for the Director of Investments is between $80,000 - $100,000 per year and will be based on experience and qualifications.

Benefits include:

  • Comprehensive Health Insurance: Health benefits plus dental, vision, and affordable family coverage
  • 403b Plan: To save for retirement
  • Paid Time Off: 10 days of vacation, 8 sick days, 2 weeks off at the end of December, and 8 holidays each year.
  • Paid Parental Leave: New parents get this time to spend with their family - 10 weeks if you've been here a year or more
  • Cell Phone Reimbursement Benefits: We have two reimbursement options
  • Wellness Stipend: Up to $50/month reimbursement for spending on physical and mental health

Process:

The interview process for this role will include a 5-step process which we expect to take 6 weeks after the application deadline.

WEPOWER is committed to the inclusion of all individuals; if there is any reasonable accommodation we can provide for you for interviewing or any other element of this hiring process, please let us know.

This is a full-time exempt position. WEPOWER is an equal opportunity employer. WEPOWER prohibits unlawful discrimination against any employee or applicant for employment based on race, color, religion, sex, gender identity, age, national origin, genetic characteristics, disability, status as a special disabled veteran or veteran, marital status, sexual orientation, sexual identity or any other basis prohibited by law.