ICA Fund
Investment Associate (Impact Investing) – ICA Fund
Location:
Oakland, CA (Hybrid: in-office Tuesdays & Thursdays) Position:
Full-time, reporting to the Director of Investment
About ICA Fund—Not Business as Usual
ICA’s mission: Accelerate great businesses through mentorship and mission-aligned investments to catalyze value in missed markets and transform communities. Our tailored accelerator programs combine hands-on advising, business education, and access to capital. As an Investment Associate, you’ll play a pivotal role in driving our investment process with rigor, innovation, and impact.
Why This Role Matters This is a critical position in our investment process. We’re seeking a strategic thinker and doer - someone who brings initiative, asks the right questions, and combines financial expertise with mission-driven insight. You’ll not only model numbers but also engage directly with founders, help close deals, and ensure ICA’s investments deliver both financial and impact returns.
Core Responsibilities Investment Analysis, Diligence & Founder Engagement (~60%)
Vet opportunities in ICA’s investment pipeline to assess fit and prioritization.
Lead diligence calls and meetings with founders, preparing thoughtful question sets that surface insights on business model, team, traction, financials, and impact.
Evaluate founder capabilities with both analytical rigor and interpersonal sensitivity.
Conduct industry, market, and competitive research.
Draft clear, actionable investment memoranda and presentation decks for decision-making.
Develop and maintain robust financial models across multiple scenarios.
Deal Closing & Funding (~10%)
Support the structuring, negotiation, and closing of investments
Assist with documentation, funding logistics, and coordination to ensure smooth deal execution.
Portfolio Management & Founder Support (~20%)
Monitor portfolio company performance on both financial and impact metrics, providing ongoing analysis and reporting.
Prepare reports and present findings to ICA’s Board, including the Investment Committee.
Proactively engage with founders to understand progress, challenges, and opportunities.
Identify and help coordinate ICA’s support for portfolio companies - including connections to advisors, professional service providers, capital partners, and participation in ICA’s events.
Surface insights from portfolio trends to inform ICA’s investment strategy and services.
Ecosystem Engagement (~5%)
Represent ICA at industry events, conferences, and workshops.
Expand ICA’s network by cultivating 4+ new high-quality referral sources annually.
Ad-Hoc Leadership Support (~5%)
Assist with strategic initiatives, process improvements, and impact measurement systems.
Impact & Success Metrics (Key Results)
KR1: Conduct rigorous due diligence on prospective investments, including founder engagement.
KR2: Lead diligence calls that generate critical insights and build trust-based relationships.
KR3: Support closing and funding of deals to ensure timely, accurate execution.
KR4: Deliver clear, high-quality investment memos aligned with ICA’s investment strategy.
KR5: Build accurate, dynamic financial models to inform decision-making.
KR6: Monitor and report portfolio company performance with actionable insights.
KR7: Prepare reports and present analysis to the Board and Investment Committee.
KR8: Connect founders with ICA’s advisor network, professional services, capital partners, etc.
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Oakland, CA (Hybrid: in-office Tuesdays & Thursdays) Position:
Full-time, reporting to the Director of Investment
About ICA Fund—Not Business as Usual
ICA’s mission: Accelerate great businesses through mentorship and mission-aligned investments to catalyze value in missed markets and transform communities. Our tailored accelerator programs combine hands-on advising, business education, and access to capital. As an Investment Associate, you’ll play a pivotal role in driving our investment process with rigor, innovation, and impact.
Why This Role Matters This is a critical position in our investment process. We’re seeking a strategic thinker and doer - someone who brings initiative, asks the right questions, and combines financial expertise with mission-driven insight. You’ll not only model numbers but also engage directly with founders, help close deals, and ensure ICA’s investments deliver both financial and impact returns.
Core Responsibilities Investment Analysis, Diligence & Founder Engagement (~60%)
Vet opportunities in ICA’s investment pipeline to assess fit and prioritization.
Lead diligence calls and meetings with founders, preparing thoughtful question sets that surface insights on business model, team, traction, financials, and impact.
Evaluate founder capabilities with both analytical rigor and interpersonal sensitivity.
Conduct industry, market, and competitive research.
Draft clear, actionable investment memoranda and presentation decks for decision-making.
Develop and maintain robust financial models across multiple scenarios.
Deal Closing & Funding (~10%)
Support the structuring, negotiation, and closing of investments
Assist with documentation, funding logistics, and coordination to ensure smooth deal execution.
Portfolio Management & Founder Support (~20%)
Monitor portfolio company performance on both financial and impact metrics, providing ongoing analysis and reporting.
Prepare reports and present findings to ICA’s Board, including the Investment Committee.
Proactively engage with founders to understand progress, challenges, and opportunities.
Identify and help coordinate ICA’s support for portfolio companies - including connections to advisors, professional service providers, capital partners, and participation in ICA’s events.
Surface insights from portfolio trends to inform ICA’s investment strategy and services.
Ecosystem Engagement (~5%)
Represent ICA at industry events, conferences, and workshops.
Expand ICA’s network by cultivating 4+ new high-quality referral sources annually.
Ad-Hoc Leadership Support (~5%)
Assist with strategic initiatives, process improvements, and impact measurement systems.
Impact & Success Metrics (Key Results)
KR1: Conduct rigorous due diligence on prospective investments, including founder engagement.
KR2: Lead diligence calls that generate critical insights and build trust-based relationships.
KR3: Support closing and funding of deals to ensure timely, accurate execution.
KR4: Deliver clear, high-quality investment memos aligned with ICA’s investment strategy.
KR5: Build accurate, dynamic financial models to inform decision-making.
KR6: Monitor and report portfolio company performance with actionable insights.
KR7: Prepare reports and present analysis to the Board and Investment Committee.
KR8: Connect founders with ICA’s advisor network, professional services, capital partners, etc.
#J-18808-Ljbffr