Impact Investing Vice President

Citi • Charlotte, NC

1d • $107,120 - $160,680 • Hybrid

About The Position

We are seeking a Vice President to join the Citi Impact Fund investment team and work across our four verticals. The $500 million Citi Impact Fund was launched in 2020, born out of the belief that venture capital investing and market based solutions could play a meaningful role in advancing opportunity for economically vulnerable communities. We make direct equity investments in "double-bottom line" U.S.-based start-ups that are leveraging technology and applying innovative solutions to help address some of society's most pressing challenges. Citi Impact Fund is part of Citi Community Investing and Development.
Based in Charlotte, NC with frequent travel to New York, the candidate will work alongside members of the investment team on investment execution, due diligence, portfolio management, sourcing strategy and partnership activities with the impact investing and startup community. In addition, this person will partner with subject matter experts within Citi to drive collaboration and find opportunities to advance the success of our portfolio companies and the field as a whole.
The Citi Impact Fund is focused on driving solutions in four key investment areas, including:
Climate resilience: Solutions for climate transition, mitigation and adaptation to protect our natural and built environments from the harmful effects of climate change, which disproportionately impact underserved communities
Financial resilience: Solutions that provide underserved communities with opportunities to create, manage and build financial resilience and wellness
Social infrastructure: Solutions that expand access to essential services including housing, healthcare and transportation for underserved communities
Future of work: Solutions that provide access to stable, quality jobs, offer modern, relevant education and training for workers and students and re-imagine how we balance work and life.

Requirements

• Commitment to the Citi Impact Fund’s focus on driving economic opportunity and innovating in impact investing
• 2+ years of experience in private equity / venture capital investing; total of 4-5+ years of experience in relevant role (investment banking, strategy consulting, corporate finance, or direct business/start up operating experience in one of the fund’s investment verticals)
• Strong preference for direct investing experience in at least one of Citi Impact Fund’s key verticals; specific experience or interest in impact investing strongly preferred
• Candidate must have strong finance and investment acumen including an ability to develop and manage complex financial models, be comfortable with data analysis and excel, and working with large data sets, conduct rigorous primary market and industry diligence, prepare valuation analysis and synthesize in written investment materials
• Strong communication and relationship management skills as well as an entrepreneurial spirit to take ownership of internal projects such as process improvements, driving AI efficiency
• Attention to detail and desire to deliver high quality work products that drive key decisions
• Confident interpersonal skills and comfort contributing to discussions at senior levels
• Natural curiosity for learning new things and proactively sharing information with others
• Strong sense of urgency in driving projects to completion and ability to prioritize assignments and work in a fast-paced environment

Responsibilities

• Lead diligence and investment thesis building on prospective investment opportunities; prepare investment memorandums, build financial models, conduct market research and present to internal investment committee and manage approval processes
• Work cross-functionally within the firm on both new investment and follow-on investment processes; maintain close relationships and build trust with business partners internally
• Support sourcing, market landscaping and thesis building activities within the Fund’s focus areas
• Develop strong relationships with key venture capital, impact investing, and start-up ecosystem players and represent the Fund at industry events
• Manage a portfolio of investments, monitoring company performance, tracking financial and impact results, and preparing internal quarterly portfolio reviews and other analyses
• Support follow-on investment opportunities, including diligence, approvals, execution and structuring
• Support portfolio companies by attending founder meetings and enabling partnerships across Citi to help support portfolio company growth
• Lead internal partner engagement on governance and operational items over the life cycle of an investment
• Manage portfolio analysis and data projects for Citi risk and control functions and firm-wide reporting needs

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Manager