Social finance

Associate Director, Impact Investments

Boston, MA; New York, NY Full Time

About Us

Social Finance is a national nonprofit and registered investment adviser (SF Advisors, LLC). We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Since our founding in 2011, we have mobilized over $500 million in new investments designed to help people and communities realize improved outcomes in workforce and economic mobility, health, and housing.   

We are driven by the belief that social and economic systems should enable all people to thrive, and the conviction that we can create the most meaningful and measurable change in our communities when governments and markets work together. Our organization is built upon five core values: people, performance, integrity, collaboration, and inclusion.   

Our work spans four areas: Impact-first Investing, Workforce and Education Investments, Advisory & Public Sector Practice, and the Social Finance Institute. Our Impact-first Investment team designs, launches, and manages investments that provide solutions for effectively deploying impact capital across a range of social outcomes. Our Workforce and Education Investments team designs, launches and manages financial solutions focused on addressing workforce challenges, including skills acquisition and training access. Our Advisory team partners with government and philanthropy leaders to implement data-driven programs for advancing social impact. And through the Social Finance Institute, we aim to build the field and change systems through actionable research, communities of practice, and educational outreach.  

Associate Director, Impact Investments  

Boston, MA; New York, NY 

Note: Applications will be accepted on a rolling basis, with review beginning January 5, 2026.

Role and Responsibilities

We are seeking an Associate Director of Impact Investments to contribute to projects aimed at mobilizing capital towards impact. Our impact investment teams seek to expand access to impact-first investing for individuals, family offices, and foundations, in addition to promoting economic mobility through financing and supporting reskilling and upskilling initiatives that lead to quality jobs. The Associate Director will collaborate with transaction partners, funders, service providers, and other external stakeholders to identify, execute, and manage high-impact investments. This role will work within multiple Vice President–led teams, each overseeing a portfolio of investment strategies, and will assume significant deal management responsibilities across multiple transactions. 

Additionally, and as part of a cross-staffed initiative between both investment teams, we are also expanding our impact investment activities into new areas, most notably through a recently launched impact investment fund focused on strengthening the local media ecosystem in the United States. This Associate Director will work on a fund that seeks to deploy impact capital to organizations that are enhancing the presence and diversity of local media, supporting trusted information sources, and fostering community resilience. The nature of the work will mirror our existing investment approach, identifying, structuring, and managing investments that generate measurable social impact, but will be tailored to the local media landscape. Key activities may include:

Fund and Deal Development  

At the fund level, responsibilities may include: 

  • Support business development efforts for Social Finance and its offerings with potential partners (e.g., develop fund pitch or value proposition presentations, participate actively in meetings with potential investors or philanthropic partners)
  • Identify context-appropriate fund structure and investment strategy for new funds with support from a Director
  • Conduct fund-level analysis to determine pro forma performance and guide investment strategy; lead the development of analytic processes and tools
  • Partner and collaborate effectively with Social Finance colleagues to identify, develop, and implement strategy or process-related improvements for enhanced efficiency and impact
  • Actively support and lead learning and knowledge-sharing opportunities within and across investment funds 

At the individual investment level, responsibilities may include: 

  • Conduct due diligence for potential investments to assess their ability to achieve target financial and impact metrics and identify potential risks and mitigants
  • Structure and negotiate investment terms based on insights from due diligence with support from a Director and/or Vice President
  • Effectively communicate investment opportunities to an executive-level Investment Committee, outlining investment strengths, risks, and mitigants – both verbally through presentations and in writing through investment memos
  • Execute and manage deal and investment operations, collaborating closely with our legal and finance teams
  • Strategically manage investment and portfolio performance towards impact success
  • Actively monitor, communicate, and mitigate fund and investment risks, working directly with partners, external stakeholders, and Social Finance teammates 

Fund and Deal Management  

Responsibilities may include: 

  • Develop and manage workplans to effectively execute the lifecycles of various investment programs
  • Ensure thoughtful and timely execution of meeting timelines and workstreams
  • Infuse existing expertise from the relevant issue area (e.g. local news) into deal assessment, diligence, and prioritization 
  • Conduct desk research, p