Director of Mission-Aligned Investments, Housing

Arnold Ventures (AV) is aphilanthropy that supports research to understand the root causes of Americas most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and AVs focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. The Arnolds became signatories of the Giving Pledge in2010. Position Overview

AV is building out amission-aligned investing team that will invest across the organizations focus areas. The team will have abroad mandate to further the philanthropic goals of the organization, with discretion to invest across the capital structure (debt through equity), as alimited partner in funds, and via credit enhancements and guarantees. The team will develop and invest in opportunities where market-rate and concessionary capital can catalyze private and public sector investment. Investments will be made from a $5 billion endowment. This is ahighly entrepreneurial opportunity to be on the ground floor of shaping an investment platform with substantial flexibility and resources to maximize impact for millions of Americans. The Director will be responsible for sourcing, underwriting, and structuring mission-aligned investments with the overall goal of increasing housing supply in America. Given the small size of the initial team, the Director will be expected to operate as aone-person deal team. This position is based in AVs New York City office and reports to the Executive Vice President, Mission-Aligned Investments. Core Responsibilities

Lead deal teams that include programmatic, investment, and legal colleagues to execute new investments, including thesis formation, sourcing, initial evaluation, investment shaping with company executives and co-investors, structuring, due diligence and financial modeling, and negotiation of legal documentation Partner closely with programmatic colleagues to understand the evidence base, policy landscape, and philanthropic goals in housing Source potential investments through active outreach and relationship-building with CEOs, senior executives, and investors Present investments to AVs Board of Directors Salary range for this position will be $225,000-$325,000. Benefits Overview

AV is committed to providing arobust and comprehensive benefits package to eligible employees. Our current benefits package includes 100% paid employee premiums for medical, dental, vision, basic life, and short- and long-term disability insurance; 20days of paid time off, 16 paid holidays (including awinter break from December 24 to January 1), ahybrid policy that includes four days in office and one flexible day for remote work, and asummer schedule with alternating Fridays off beginning on Memorial Day and ending on Labor Day; paid parental leave; a401k retirement savings plan with an employer match, profit-share contribution, and immediate vesting; pre-tax transit benefits; aprofessional development stipend; acharitable giving stipend; and an employee assistance program. In addition, arelocation bonus is available for candidates who will move to one of AVs three office locations for aposition. Qualifications

10years of investment experience with leading market-rate residential real estate developers, venture capital or private equity firms, or lenders Excellent financial transaction experience and financial analysis, modeling, and due diligence skills Exceptional strategy development, deal sourcing, deal execution, and portfolio engagement skills Excellent oral and written communication skills, with the ability to communicate investment and financial concepts to diverse, nontechnical audiences

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