Managing Director, Capital

Rippleworks

1d • $296,000 - $296,000 • Remote

About The Position

Rippleworks Foundation believes all people should have equitable access to the resources and opportunities to live life to the fullest. Our mission is to provide the practical support entrepreneurs and their teams need to scale faster and improve more lives. Rippleworks’ programs have directly supported 260 ventures by running 400 custom advisory projects across 60 countries, running workshops for over 1,600+ leaders and deploying more than over $270 million in unrestricted funding to help these ventures grow. We are a mission-driven team dedicated to helping impactful ventures thrive. Our goal is to create the best possible workplace for purpose-driven professionals to make an outsized difference in the world—learning, growing, and having fun together along the way. Rippleworks has been named one of the World’s Most Innovative Companies (by Fast Company) and one of the world’s Best Workplaces for Innovators (by Fast Company and Accenture) We support our portfolio of Ventures in 4 ways: Projects: Short-term, high-impact projects where social ventures work with leading executives to tackle top operational priorities Expert Office Hours: Specialized, contextually relevant advice for ventures from Rippleworks Experts Leaders Studio: Expert-led learning programs where leaders gain critical skills ventures need to deliver impact at scale. Capital: Provides hard-to-find capital required for scale; capital products include unrestricted grants, loans and talent grants. We are an equal opportunity employer and committed to improving diversity, equity, and inclusion at Rippleworks. Rippleworks is committed to providing equal employment opportunities to all qualified individuals, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances. Rippleworks also complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email [email protected]. Please note we cannot currently sponsor or support via transfers at this time. Additionally, in compliance with applicable law, all persons hired will be required to verify identity and eligibility to work. The Rippleworks Capital team is responsible for supporting the deployment of ~$70M in the form of loans (30%) and grants (70%) annually. The Managing Director - Capital will evolve and advance Rippleworks’ investment strategy to maximize impact by providing flexible forms of funding to social ventures in the Rippleworks portfolio. You will drive the Rippleworks investment process to be lean, anti-bureaucratic and pro-venture. The Managing Director - Capital will manage the team to work across the full investment lifecycle of sourcing, diligence, investment recommendations, learning and active portfolio management. You will engage with key internal stakeholders, including working with the Programs teams and Portfolio teams to constantly evaluate how capital can accelerate impact in partnership with Rippleworks non-capital programs. You’ll also partner with external stakeholders including impact investors, entrepreneurs, investees or grantees, and market-building organizations to drive greater impact. The Managing Director - Capital will report to the Managing Director - Programs and Capital, managing and mentoring a six-person team (two directors, two managers, two senior associates). The Managing Director - Capital will sit on the Rippleworks Leadership Team as well as the Programs & Capital Department Leadership Team, contributing to organization-wide strategy and culture.

Requirements

• 15+ years of professional work that includes building and developing teams, investing, and deeply understanding the challenges of social ventures
• At least eight years of experience directly managing a grant and investment portfolio
• Strong track record of building and maintaining authentic relationships with key stakeholders, specifically other investors
• Demonstrated ability to evaluate organizations for specific criteria, such as depth of impact, business model viability, stage of growth, strength of team
• Track record of constructively challenging the way things are done in order to be lean, anti-bureaucratic, and pro-portfolio. You are on a mission to change the way funders show up and to reduce the related power dynamics.
• Strong verbal and written communication skills, including experience interacting with investors, executives, and entrepreneurs
• Track record of leading teams to execute and deliver results
• Ability to lead multiple, diverse teams to accomplish shared goals

Responsibilities

• Strategically align Rippleworks' investment strategy with the organization's broader strategy of supporting the best social entrepreneurs in achieving significant scale. This includes direct investments and funding through collaborative philanthropy partnerships.
• Manage, develop and coach the team
• Support the team in executing a venture-friendly strategy and process for making, structuring and monitoring investments
• Fund a world-class portfolio of high-impact, scalable social ventures
• Work in partnership with the Sourcing team to develop and maintain strong and authentic relationships with aligned investors
• Sit on the Rippleworks Leadership Team and Programs & Capital Department Leadership team, and participate in formulating the operationalization of Rippleworks' strategic direction
• Collect, analyze, synthesize learning from the Rippleworks portfolio to answer whether Rippleworks is driving the type of impact we seek to have in the world; recommend shift in strategy to drive increased impact
• Be a thought leader; influence the ecosystem to drive greater impact
• Oversee the Capital team’s work to build out its support for Scaling Essentials; critical venture-level capabilities that the Rippleworks Capital team can uniquely support in addition to direct funding

Benefits

• Competitive Compensation & Benefits: Earn a salary of $296,000 with robust benefits, including medical, dental, vision, life, 401(k) + employer match, holidays, flexible PTO, wellness, and remote-work stipends. While Rippleworks has one global salary structure, the salary listed here reflects employees on US payroll. To keep total rewards equitable across countries, salaries may be adjusted if hiring in a country where employer-paid compulsory benefits are significantly more robust and costly than in the US.
• Global Engagement: Travel opportunities to connect with the social impact ecosystem and experience Rippleworks' impact firsthand. Extend work trips through our Study Abroad Program for regional exploration.
• Giving Back: Participate in our Community Grants program, awarding $50K to a nonprofit of your choice, plus a $2,500 charitable donation match for financial or volunteer contributions.
• Growth-Oriented Culture: Access professional coaching, a generous learning budget, and regular team learning events to support personal and professional development.
• Flexible Remote-First Environment: Enjoy flexible work hours, remote-first stipends, and meaningful virtual and in-person connections through Core Collaboration Weeks (2–3 times per year).
• Sabbatical Benefit: After five years, take four weeks off for rest, travel, or personal exploration to refresh and re energize.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed
• Number of Employees: 11-50 employees