VC Associate @ Maycomb Capital in Brooklyn, NY

VC Stack; New York (NY); On-site; USD 85,000 - 102,000; Full time

Benefits offered by this job

High-quality health care

Access to retirement accounts

Paid vacation

Paid sick leave

Job summary

VC Stack in New York, NY is seeking an Investment Associate responsible for managing the investment process, including sourcing, diligence, and asset management. The candidate will engage potential partners, analyze borrower information, and lead performance monitoring of investments.

The ideal candidate has experience in finance, strong project management skills, and a commitment to social impact. The position offers a salary between $85,000 and $102,000, competitive benefits, and the opportunity to work in a dynamic environment.

Qualifications

• Direct lending experience to social enterprises and/or nonprofit organizations.
• Commitment to improving health, education, and economic mobility for children and families in the US.
• Drive to thrive in an evolving start-up environment.

Responsibilities

• Manage all aspects of the investment process, from sourcing to asset management.
• Engage potential partners in project development.
• Analyze quantitative and qualitative information from borrowers.
• Lead the monitoring of impact and financial performance of investments.

Skills

Experience in finance or investments

Skilled in Excel and financial modeling

Strong project management skills

PowerPoint slide creation and communications

Familiarity with public sector funding

Education

3-5 years of professional experience in relevant roles

Job description

Maycomb Capital is a pioneering, women-owned impact private credit firm. We provide financing to support projects and enterprises that transform communities. At Maycomb, we drive capital toward effective solutions for underserved communities, using data and rigorous analysis to guide our decisions. 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.

We invest through our flagship strategy – the Community Outcomes Funds – and our Custom Strategies, which are built in partnership with large asset owners. We currently manage over $150 million dedicated to improving social, economic, and health outcomes for individuals and families across the United States.

Maycomb’s investors include some of the nation’s leading, mission-aligned family offices, corporations, and foundations. The Investment Associate works across the firm and its multiple strategies.

Job Description

The Associate will be primarily responsible for managing all aspects of the investment process, from sourcing and diligence to ongoing asset management.

Responsibilities include:

Business Development

• Engage potential partners in project development, including the development of impact and financial projections
• Serve as an ambassador of Maycomb, building and nurturing relationships with potential partners, including nonprofit organizations, social entrepreneurs, public sector leaders, co-investors, and other strategic partners
• Stay current on relevant public policies and the impact investing market to inform business development efforts

Investment Review and Analysis

• Analyze quantitative information from existing and potential borrowers, including historical performance, financials, and projections
• Assess qualitative information, including mission alignment, outcomes achievement, operations, management functions, and capacity to scale
• Conduct financial analysis, including building financial models to inform investment terms and assess risk
• Prepare investment memoranda, synthesizing the business and impact case and the potential risks and mitigants of a project
• Strategize and support the negotiation of loan terms and development of legal documents

Asset Management

• Lead the monitoring of impact and financial performance of investments, coordinate investment reporting, prepare quarterly valuation reports, and support other aspects of asset management

Qualifications

The ideal candidate will possess many of the following:

• Experience in finance or investments, with a preference for direct lending experience to social enterprises and/or nonprofit organizations
• Familiarity with, or experience in, the public sector or public funding
• 3-5 years of professional experience in relevant roles
• Skilled in Excel and financial or other analytic modeling
• Strong project management skills, including the ability to manage multiple priorities and senior colleagues simultaneously
• PowerPoint slide creation and communications skills, including professional writing
• Commitment to improving health, education, and economic mobility for children and families in the US
• Lived experience in proximate communities to inform the work
• Drive and flexibility to thrive in an evolving start-up environment and entrepreneurial spirit to source new projects

The Associate will work full-time, in-person at our office in Brooklyn, NY.

Salary and Benefits

• The base salary for the Associate is expected to be between $85,000-$102,000. Salary will be commensurate with experience. The Associate will be eligible for an annual bonus.
• Competitive benefits, including high-quality health care, access to retirement, health, and commuter savings accounts, paid vacation, paid sick leave, etc.

Our firm actively seeks out candidates who bring with them a commitment to racial equity and a diverse set of lived experiences.