Program Associate


Job Type

Full Time

Salary

Details: Salary will be commensurate with experience

Published:

05/11/2018

Address

44 Court Street
Brooklyn
New York
11201
United States

Description

The Organization

Maycomb Capital is a pioneering impact investing platform. We provide financing across asset classes to

fund strategies and enterprises that transform communities.


At Maycomb, we know that the world’s problems demand patience, creativity and an appreciation for

complexity. We drive capital toward effective solutions for underserved communities, using data and

rigorous analysis to guide our decisions. We identify scalable and sustainable paths to positive change,

tackling entrenched social and economic challenges. By harnessing the scale, expertise and risk

tolerance of the private sector in service of the public good, we’re demonstrating what’s possible with

mission-focused, flexible capital.


Our flagship funds transform underserved communities in two different - but complementary - ways:

  • The Community Outcomes Fund (TCOF) provides outcomes-based (also known as pay-forsuccess) financing that matches private capital with local priorities, realigning government programs with proven solutions to social challenges
  • The Social Entrepreneurs Fund (TSEF) makes early-stage equity investments in the most promising entrepreneurs, upending traditional business models to create sustainable change.


We’re named for Maycomb County, the setting of Harper Lee’s classic novel To Kill a Mockingbird. Lee

used Maycomb, a fictional district in Depression-era Alabama, as a backdrop for her universal story of

the pursuit of justice. Her story sparked conversations about equity that still resonate today. Maycomb

seeks to continue this dialogue, bringing innovative ideas to light through action.


The Community Outcomes Fund (TCOF):

It is estimated that the U.S. spends $800 billion annually on human service programs, yet less than 1% of

these expenditures are backed by evidence that these services actually work. Outcomes-based

financings, also known as Pay for Success, are next- generation public-private partnerships that leverage

private financing to fund upfront working capital for services. Government pays only if the program

achieves agreed-upon outcomes. These transactions have emerged as a new way for governments to

fund what works and improve outcomes for disadvantaged communities. Given the likelihood of

reductions in federal resources for human services, accessing private markets and smartly targeting

dollars is more important than ever.


Maycomb has established The Community Outcomes Fund as a dedicated pool of capital to invest in

outcomes-based financing opportunities. Through our investments, we expect to spur tangible impact in

low-income communities, help hold governments and other stakeholders accountable for results, and

ultimately begin to move the needle on how those government dollars are spent.


Job Description

Reporting to the Director of Public/Private Partnerships, the Program Associate for TCOF will be

primarily responsible working in collaboration on: (1) supporting efforts to educate key stakeholders

within the broader social sector on the benefits of outcomes-based approaches to delivering social

services; (2) innovating a more streamlined approach to structuring outcomes-based financing projects

in order to achieve greater scale nationally; and (3) supporting efforts to develop a pipeline of

streamlined projects within a targeted issue area.


Responsibilities:

  • Product Development: Conduct background research and analysis to innovate a more streamlined outcomes-based financing model within a targeted issue area to help move the market towards efficiency and scale.
  • Pipeline Development: Identify and coordinate opportunities to engage state and local government officials, service providers and other key stakeholder groups around the country on implementation of the model and on the broader benefits of outcomes-focused service delivery models in the selected issue area.
  • Toolkit Development: Work across teams to develop replicable outcomes-based financing templates within the selected issue area (e.g., term sheets, financial models, data-sharing agreements, financing documents, etc.).
  • Knowledge Sharing: Develop content and represent TCOF at government and industry conferences on outcomes-based financing and the elements of the more streamlined model; draft thought leadership articles and op-eds to be published in a variety of publications aimed at education and awareness-raising; facilitate learning communities focused on scaling outcomes based financing approaches around the country.


Qualifications

  • The ideal candidate will possess the following:
  • Bachelor’s degree; Master’s degree in a related field strongly preferred
  • Minimum 3-5 years of public or nonprofit experience funding and/or delivering social services
  • Excellent analytic skills
  • Strong interpersonal skills, an interest in developing and managing relationships, and experience working in teams
  • Superior communications skills, including effective, confident writing
  • Commitment to a collegial workplace and the flexibility and drive to thrive in a start-up environment

Professional Level

Professional

Minimum Education Required

4-year degree

How To Apply

Please send a copy of your resume and statement of interest to The Community Outcomes Fund at hr@maycombcapital.com, subject line “TCOF Program Associate.”


Our firm values diversity and is proud to be an equal opportunity employer. No telephone calls, please. Only applicants selected for interviews will be contacted.


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