Director, Innovation Fund

Posted 11 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
134K-154K Annually
Senior level
Financial Services
The Role
Lead and operationalize an internal innovation fund by administering the Resource Allocation Framework (RAF). Guide initiative sponsors through intake, diligence, evaluation, and decision-ready recommendations. Build tools, governance, reporting, and portfolio analytics to track financial, mission, and risk performance, and integrate funded initiatives into enterprise portfolio reporting.
Summary Generated by Built In

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org  

Working at Enterprise  

At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey. 

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.

Job Description Summary

Strategy & Operations (StratOps) is a newly established function within the Office of the Chief Operating and Financial Officer (COFO). It helps Enterprise prioritize, resource, govern, and deliver its most important cross-divisional work — bringing together project management, portfolio management, execution, and resource allocation in one place, without replacing division or Shared Services ownership. StratOps focuses the organization on a defined set of strategic priorities that require coordination, tradeoffs, and sustained execution.

Job Description

It has three areas of focus: 

  • Enterprise PMO: Leads enterprise prioritization and portfolio management, drives implementation of the Strategic Plan, and leads enterprise-wide special projects 

  • Innovation Fund: Governs how Enterprise invests capital from an internal innovation fund to bring its most promising mission-driven ideas to scale 

  • Shared Services PMO: Provides portfolio management, project management, and execution support across Enterprise’s corporate Shared Services functions — such as Finance, Treasury, IT, and Enterprise Risk Management 
     

Based in New York, this is a hybrid role. The Director, Innovation Fund leads the Innovation Fund vertical within Enterprise’s new Strategy & Operations function. The vertical oversees an internal innovation fund that provides grants or concessionary capital to the most promising mission-driven initiatives that surface from within Enterprise, helping bring our best ideas to scale. This role administers Enterprise’s Resource Allocation Framework (RAF) — the process that governs how this capital is evaluated, allocated, and tracked. The Director guides initiative sponsors seeking funding through the RAF process — leading them through intake, diligence, and evaluation — and prepares clear, decision-ready analysis so that senior leadership can make well-informed capital allocation decisions. The role is responsible for operationalizing the RAF, running it day to day, and continuously improving its framework, tools, and governance as the fund matures. We are looking for an entrepreneurial leader who is energized by taking an early-stage capability and making it work in practice. 
 

Note: This role is designed as a senior individual contributor and is not currently envisioned as a people management role. 
 

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 
     

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 

Salary Transparency 
 

You will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing. 
 

Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $134,000-$154,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location. 
 

Total Rewards at Enterprise 
 

This range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs. 

Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions. 

Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others. 
 

#LI-NU1 #ID 

Skills Required

  • 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; comfortable operationalizing and improving early-stage frameworks
  • 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
  • Strong communication and executive presentation skills, ability to engage senior leaders
  • High judgment and adaptability; ability to operate in ambiguity and across multiple workstreams
  • Advanced proficiency in Excel and PowerPoint, ability to build financial models and produce executive-ready materials
  • Proficiency using AI tools to improve efficiency and output quality
Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Columbia, MD
255 Employees
Year Founded: 1982

What We Do

Enterprise Community Investment (“ECI”) is a national leader in providing investment capital and development services for affordable housing and community revitalization. ECI operates as part of the Enterprise family of companies, which includes Enterprise Community Partners, Inc., a national Section 501(c)(3) charitable organization. Enterprise’s mission is to create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities. At Enterprise, we believe opportunity begins when people have a place to call home. We are driven by our mission, fueled by business discipline and sustained by donors and investors. Since 1982, Enterprise has worked with partners in communities nationwide. As one of America’s original social enterprises, we bring together the people and resources to create affordable housing and to revitalize neighborhoods. ECI finances, develops and acquires housing and provides other community development initiatives in underserved neighborhoods throughout the U.S. ECI’s primary business is syndicating low-income tax credits. Our investment and lending products include low-income housing tax credits, historic tax credits and long-term permanent mortgages on multifamily and commercial properties. Permanent mortgages are provided through Bellwether Enterprise, our mortgage subsidiary. ECI develops affordable rental and for-sale housing, through its subsidiary Enterprise Homes. Asset management is offered by Enterprise Community Asset Management, Inc. Since its founding, Enterprise has invested $43.6 billion in housing and community revitalization, helped create nearly 585,000 homes and we have touched millions of lives. In fact, every day someone moves into a better place to live thanks to Enterprise. However, today ECI’s mission is more critical than ever. The U.S. is in the midst of a housing crisis that affects nearly 19 million low-income families. Our goal is to end housing insecurity for all.

Similar Jobs

Hybrid
New York, NY, USA
289097 Employees
Hybrid
2 Locations
289097 Employees

EliseAI Logo EliseAI

Deployment Strategist, Future Platforms (Accounting) | Housing

Artificial Intelligence • Healthtech • Machine Learning • Natural Language Processing • Real Estate
In-Office
New York City, NY, USA
550 Employees
160K-200K Annually

Metropolis Technologies Logo Metropolis Technologies

Associate Account Executive

Artificial Intelligence • Computer Vision • Machine Learning • Payments • Real Estate • PropTech
Easy Apply
In-Office
New York, NY, USA
23100 Employees
85K-100K Annually

Similar Companies Hiring

Granted Thumbnail
Artificial Intelligence • Healthtech • Insurance • Mobile • Financial Services
New York, New York
23 Employees
Hanover Park Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
42 Employees
Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
60 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account