Impact Investing Associate

ABOUT BOSTON IMPACT INITIATIVE (BII)

Boston Impact Initiative (BII) is a nonprofit impact investment fund founded in 2013 working to build a regenerative and equitable economy. We invest integrated capital—equity, debt and grants—in social enterprises and community-owned and controlled real estate to build wealth and asset-building opportunities, especially in diverse communities.

As a new Community Development Financial Institution (CDFI), we currently manage two distinct funds:

• BII Fund I: Established in 2017, deployed $6.9M across 50 enterprises
• BII Fund II: Launched in 2022, raised $22M, invested $11M in 26 companies and real estate projects, and is actively raising/deploying capital to small businesses and community-governed real estate projects in Massachusetts and New England

BII also offers impact investing education and training. Through our Advancing Regenerative Capital (ARC) Fellowship, we have trained 90 fund managers from 38 organizations to launch community-based impact funds focused on expanding shared ownership and generational wealth in communities systematically excluded from economic opportunity. To date, 27 funds have launched that have deployed over $12M to diverse small businesses across the U.S.

BII has grown to 15 employees in 2025, with a $7M annual operating budget. As we deploy Fund II assets and expand the reach of our investing work, we seek an Impact Investing Associate who will play a significant role in BII’s capital allocation strategy. The Impact Investing Associate reports directly to the Investment Manager.

POSITION SUMMARY

The Impact Investing Associate will play a central role in advancing Boston Impact Initiative’s capital deployment strategy at a pivotal moment of growth. This is an opportunity to take on meaningful responsibility early—supporting and leading transactions from initial sourcing through diligence, investment committee presentation, and closing.

Working closely with senior leadership, the Associate will evaluate and structure investments across debt, equity, and hybrid instruments, while also partnering directly with entrepreneurs and community stakeholders. Beyond transaction execution, this role contributes to portfolio management, impact measurement, and investor reporting—offering a uniquely holistic view of how capital can be deployed to drive both financial performance and community impact.

This role is well-suited for someone with strong analytical training who is seeking to apply their skills in a mission-driven environment, and who is motivated by the opportunity to grow into a lead investing role over time.

KEY RESPONSIBILITIES

Investing

• In collaboration with colleagues and community partners, discover,

define and evaluate new impact investment opportunities and their fit in

the BII portfolio.

• Conduct financial, business and impact due diligence; and build financial

models and draft due diligence memos for prospective investments in

preparation for Investment Committee meetings.

• Collect legal documents from companies and liaise with attorneys that

draft investment documents.

• Provide financial, strategic, and impact coaching to portfolio companies.

Impact

• Coordinate and attend annual meetings with portfolio companies.
• Analyze and synthesis portfolio impact data and annual impact report with support from the Chief Impact Officer.
• Support in the development and implementation of the Impact Ratings

system

• Support on-going impact management for the portfolio and pipeline

companies.

Reporting

• Research and present analyses of the portfolio performance and risk

profile.

• Maintain pipeline and portfolio tracking reports and written

documentation on investment decisions.

• Conduct monthly and quarterly portfolio reports for the investment

committee and board of directors.

• Produce quarterly investor reports (data sheets)

There will also be the opportunity to also take on (or create) other projects that

help drive the organization’s success.

QUALIFICATIONS

We welcome candidates with a range of experiences and perspectives. The strongest candidates will bring:

• 1-3 years of relevant work experience in corporate finance, social impact

investing, entrepreneurial, or business consulting AND one of the

following: MBA, Graduate degree in Finance, CFA or CAIA.

• Direct impact investing experience is strongly preferred.
• Demonstrated interest in and understanding of economic justice, gender

equity, sustainability, and/or related topics.

• Strong accounting, quantitative analysis, and financial modeling skills.
• Resourceful, proactive, able to prioritize and navigate in a fast-paced,

team-oriented environment.

• Unquestioned ability to handle confidential information in a professional

manner.

• Knowledge of private market investing (e.g. equity, loans, convertible

debt, royalty financing, guarantees) and capital markets. Knowledge of

analytical methods for determining fair value and an investment’s merits.

• Relationship management skills to support ongoing small business

growth.

• Bilingual in Spanish is a plus.

Other duties as assigned.

BII is an Equal Opportunity Employer. We embrace diverse skills, perspectives, and ideas. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law.

BII offers a work environment that supports the unique needs of each employee to balance work and life. We offer a benefits package that includes flexible work options, healthcare, short-term disability, 401k plan with employer contribution, paid time off and holidays, and an annual professional development stipend.