Director, Innovation Fund & Capital Allocation

FHLB Des Moines; New York (NY); Hybrid; USD 134,000 - 154,000; Full time

Job summary

Enterprise Community Partners in New York is seeking a Director, Innovation Fund to lead the RAF-driven internal innovation fund, guiding intake, diligence and funding decisions. You will build tools, templates, and governance, working with multiple stakeholders to turn ideas into funded, scalable initiatives.

The role focuses on enterprise-wide capital allocation, performance tracking, and executive-ready analysis, with strong emphasis on strategic finance and stakeholder coordination in a

Qualifications

• 7–10+ years of experience in impact investing, mission finance, strategic finance, or resource allocation.
• Strong analytical capabilities (financial modeling, scenario analysis, risk assessment)
• Experience supporting investment decisions or capital allocation
• Entrepreneurial mindset — energized by operationalizing and continuously improving an early-stage framework, and comfortable operating in a function that is still taking shape
• Ability to synthesize quantitative and qualitative inputs into decision-ready recommendations
• Experience working across multiple stakeholders in complex environments
• Experience designing or operating governance processes, investment frameworks, or portfolio-level systems strongly preferred
• Strong communication and executive presentation skills, with proven ability to engage and build trust with senior leaders
• High judgment and adaptability, with the ability to operate in ambiguity and across multiple workstreams in a fast-paced environment
• Advanced proficiency in Excel and PowerPoint, with the ability to build financial models and produce executive-ready analysis and materials
• Proficiency using AI tools to work more efficiently and elevate the quality of outputs

Responsibilities

• Administer, operationalize, and continuously improve the Resource Allocation Framework (RAF) that governs how investments are made from an internal innovation fund
• Build the tools, templates, processes, decision-support materials, and ongoing governance that support the RAF
• Guide program owners seeking funding for their initiatives through intake, due-diligence review with other functional groups, and evaluation of funding requests
• Facilitate financial and strategic analysis to support evaluation and decision-making
• Facilitate investment-approval decisions by senior leadership, presenting decision-ready recommendations
• Monitor the fund’s portfolio on an ongoing basis against the RAF criteria on which each investment was approved — tracking performance across financial, mission, risk, and other dimensions to assess whether initiatives are delivering
• Provide portfolio-level reporting and analytics to senior leadership
• Ensure funded initiatives are integrated into the Enterprise PMO’s portfolio reporting and tracked consistently for execution

Skills

Financial modeling

Scenario analysis

Risk assessment

Capital allocation

Executive communication

Stakeholder management

AI tools

Tools

Excel

PowerPoint

Job description

Enterprise Community Partners in New York is seeking a Director, Innovation Fund to lead the RAF-driven internal innovation fund, guiding intake, diligence and funding decisions. You will build tools, templates, and governance, working with multiple stakeholders to turn ideas into funded, scalable initiatives.

The role focuses on enterprise-wide capital allocation, performance tracking, and executive-ready analysis, with strong emphasis on strategic finance and stakeholder coordination in a