The Program Officer is a new position in the Foundation. The Foundation's SII program enables mission-driven companies to secure the risk capital, networks, and resources they need to develop products, deploy services, and address societal issues at the individual and community level. The Foundation primarily use program-related investments (PRIs) to provide funding to private sector partners. It is cross-functional and undergirds the Economic Development, Economic Mobility, Health and Well-Being, and Conservation programs.
To address the most vexing social problems facing the region, the Foundation recently launched a pitch competition to help jumpstart the SII program. The winners will be determined, not just by their prospects to make money for investors, but by their potential to improve economic development, economic mobility or health and well-being for the people of Southwestern Pennsylvania; or to enhance the conservation of environmentally precious lands across the United States. The Foundation expects to invest at least $50 million in SII over the next 10 years. The new Program Officer should possess business and analytical capabilities to advance an integrated investing strategy that treats social-impact investments as a substantial and inseparable part of the program strategy. He/she should bring an engaging capacity and excitement to reach out beyond the nonprofit universe, to work with a new set of partners in the private sector to leverage for-profit markets to achieve social objectives.
Working in a collaborative manner, the Program Officer will be asked to fulfill the following responsibilities:
• Work closely with the foundation staff to manage PRIs.
• Assist in managing a portfolio of social-impact investments to support for-profit organizations.
• Assist in advancing new financial models for scaling conservation programs and investments through bonds, PRIs, and rural Opportunity Zones.
• Support the Social-Impact Pitch Competition, including the management of relationships with judges, speakers, mentors, and national and local event partners.
• Identify and connect with private, public, and nonprofit sector investors who are aligned with the Foundation’s social-impact goals.
• Conduct due diligence (i.e., review of proposals, site visits, grant reports).
• Assist in the review and final preparation of materials and presentations for Trustee meetings.
• Conduct research to explore ongoing community trends.
• Participate in local and national educational events, training, site visits, and conferences on topics relating to the Foundation’s areas of grantmaking interests.
Professional Qualifications and Personal Attributes
The Program Officer should possess the following ideal set of professional qualifications and
• Commitment to the values and mission of the Richard King Mellon Foundation.
• Ability to work across the Foundation’s grant programs to support collaborative projects and shared strategic priorities.
• Experience with investment, banking, or consulting experience. Strong preference will be given to candidates with social-impact investing experience either as an investor or entrepreneur.
• Ability to work across the Foundation’s urban and rural funding geographies.
• Mature, responsible, and entrepreneurial qualities to complement the existing team.
• Highly analytical mindset with the ability to analyze businesses, growth strategies, and the impact outcomes of investment opportunities.
• Clear, concise writing skills with an ability to distill complex topics.
• Bachelor’s degree required in environmental economics, environmental science or equivalent experience preferred. Advanced degree preferred.
• Team-oriented attitude, willing to perform work that might not be part of your primary duties.
The Foundation offers an excellent benefits package and a salary that is commensurate with experience.
How to Apply
Candidates should email a cover letter explaining how their background fits this position and a resume to: Daniel Sherman, President, Explore Company at firstname.lastname@example.org. Refer to RKMF Foundation/Social-Impact Investment PO in the subject line. No phone inquiries please.
The Foundation is an equal opportunity employer.
All correspondence will remain confidential.