Position: Portfolio Manager

Organization: Community Impact Fund (CIF) – subsidiary of the Nova Scotia Co-operative Council
Location: Truro, Nova Scotia (hybrid/remote work option available)
Reports to: CEO, Nova Scotia Co-operative Council

Position Overview

The Portfolio Manager will be responsible for strategically managing the investment portfolio of the Community Impact Fund (CIF), ensuring that each investment decision reflects the fund’s social and financial impact objectives. This role requires a proactive approach to risk assessment, the development of robust impact metrics, and the supervision of teams working directly with social enterprises and equity-deserving communities.

The Portfolio Manager will focus on building a diversified portfolio of investments that promote equity, inclusion, and sustainable development, while ensuring the financial sustainability of the fund.

Key Responsibilities

1. Portfolio Strategy and Management:
   • Develop and implement strategies to diversify and expand the investment portfolio.
   • Oversee ongoing monitoring and performance evaluation of both financial and social impact outcomes of funded projects.
   • Manage portfolio balancing to mitigate risks and maximize risk-adjusted returns.
2. Investment Process and Due Diligence:
   • Lead the due diligence process, ensuring rigorous assessment of risks, social impact, and financial feasibility.
   • Develop investment policies and standards to ensure consistent and transparent evaluations.
   • Present investment opportunities to the Investment Committee with detailed analyses and clear recommendations.
3. Impact Measurement:
   • Design and implement systems for measuring and evaluating the social and environmental impact of investments.
   • Leverage tools and frameworks such as GIIN IRIS+, SDG Action Manager, and others.
   • Prepare regular impact reports for stakeholders, demonstrating the value generated by the portfolio.
4. Team Leadership and Development:
   • Supervise and mentor analysts and other investment team members.
   • Promote a culture of continuous learning, innovation, and commitment to social impact.
   • Participate in CIF’s strategic planning, contributing insights based on portfolio performance.

Essential Qualifications:

• 5+ years of experience in portfolio management, social finance, or impact investing, with progressively senior roles.
• Proven experience leading diverse teams.
• Deep knowledge of the social impact sector and the needs of equity-deserving groups.
• Expertise in lending, equity investments, and transaction structuring.
• Proficiency in financial analysis tools and impact measurement frameworks.

Behavioural Competencies:

• Strategic Thinking: Ability to visualize and implement long-term strategies.
• Inclusive Leadership: Skill in engaging and inspiring diverse teams.
• Adaptability: Capacity to respond to dynamic market and regulatory environments.
• Effective Communication: Ability to present complex information clearly to diverse audiences.

Success Metrics:

• Growth and diversification of the investment portfolio with a focus on equity and inclusion.
• Measurable social and environmental impact in the communities served.
• Portfolio returns aligned with financial and social goals.
• Strong stakeholder satisfaction and enhanced strategic partnerships.

Working Conditions:

• Location: Office in Truro, Nova Scotia, with the option for partial remote work.
• Hours: Full-time (37.5 hours/week).
• Compensation and Benefits: Competitive package, including health benefits, and professional development support.

How to Apply:

Submit your resume and a cover letter detailing your experience and alignment with CIF’s mission by January 31, 2025 to info@novascotia.coop

Why Work at Community Impact Fund?

The Community Impact Fund is a pioneering initiative in Canada’s social finance landscape, committed to transforming communities and advancing equity. By joining our team, you will be directly involved in creating lasting and meaningful social impact.