Fund Manager

Social Innovation Fund Ireland (SIFI)
Fund Manager

Contract: 2 years, full-time, starting January 2019
Based: Dublin, Cork or Galway
Salary: €45,000 – €55,000 per annum, based on experience
Annual Leave: 24 days annual leave
Benefits: 8% employer pension contribution, following completion of probation.

ROLE PURPOSE

Manage a portfolio of awardees to meet programme targets, by driving maximum achievement of social impact, in line with investment objectives and conditions.

JOB DESCRIPTION

Reporting to a senior manager, this role will drive and deliver Social Innovation Fund Ireland’s impact, working closely with our small and agile team, and working in a high growth, fast-paced environment. It is a critical relationship manager with SIFI applicants, awardees, and the wider SIFI community, including donors. Success will look like a group of self-evidently impactful awardees. These awardees will have been selected through SIFI’s rigorous selection process and will have participated in a powerful capacity building programme, which they all agree was transformative in building their future plans for increased local and national growth and impact.

Responsibilities include:

  • To secure high-quality applicants by leading Fund promotion and the recruitment of applications
  • To run the call for applications and project selection process
  • To co-design the capacity building and Accelerator/Gamechanger programmes, which will be delivered in part by you / SIFI and in part by commissioned partners
  • To lead and manage the investment relationship with relevant SIFI Fund grantees and awardees, including performance management and holding them to account.
  • To work with the awardees (successful applicants) to develop growth plans, define their social impact goals, structure the growth capital in the form of grants and non-financial supports to ensure that they target growth, build the capacity of the projects to deliver the promised impact, and manage the input of the non-financial supports.
  • To commission and coordinate the relationship between suppliers, consultants, grantees and SIFI
  • To build successful partnerships with other organisations as required
  • To set (in conjunction with your line manager), and to meet programme targets
  • To manage budgets and provide financial reports and social impact reports to the CEO, team and Board.
  • To support the marketing, fundraising and communications work of SIFI
  • To be an Ambassador for SIFI.

PERSON SPECIFICATION
Social Innovation Fund Ireland seeks a needle in a haystack.

You will be someone with qualities and skills include:

REQUIRED

  • Experience – 5 to 10 years’ relevant experience
  • Demonstrated leadership skills – in a paid or voluntary role
  • Experience or nuanced understanding of the distinctions and unifying factors of for-profit and not for profit organisations
  • Experience in innovation contexts.

Analytical and Business Skills

  • Demonstrated ability to analyse material and summarise, distil and synthesise quickly – both verbally and in writing
  • Ability to analyse / write a strategic or business plan
  • Excellent report writing skills
  • Experience (or interest in) research, impact measurement and an understanding of academic evaluation processes
  • Track record of project management in the business and / or social sector
  • Ability to demonstrate / develop a investment perspective.

Financial Skills

  • Familiarity with analysing financial statements, developing business and cash flow planning and cost controlling.
  • Experience of preparing and managing project budgets.
  • People and leadership skills
  • Track record of partnership building
  • Ability to build trust, even against the odds
  • Management – Ability to line manage people, provide support and guidance
  • Leadership – Capacity to lead a group of diverse innovators and leaders to work towards ambitious targets and a shared common vision/goal
  • Skilled in the arts of negotiation and persuasion.

General

  • Commitment to excellence
  • Comfort with an entrepreneurial culture and a fast-moving environment.
  • A natural curiosity and a desire to learn.
  • Drive and ambition
  • Ability to demonstrate the highest levels of integrity and ethical fibre
  • Desire and ability to be an Ambassador for SIFI.

DESIRABLE

  • Experience and knowledge of social impact definition and business planning processes
  • Experience of capacity building work with companies/organisations
  • Experience in managing a portfolio of organisations in an investment or philanthropic context
  • Management – Experience of line managing people, providing support and guidance.

The Fund Manager will meet programme targets, and will track progress and prepare reports on social impact achieved. He/she will at all times represent SIFI in accordance with SIFI’s vision, mission and values, will undertake training and development as requested by CEO, and may be asked to take on other duties at the request of the CEO.

HOW TO APPLY?
Send your CV and cover letter to careers@socialinnovation.ie by 9am on Monday, December 17th, 2018. Please reference ‘Fund Manager’ in the subject line. 

ABOUT US

Our mission is to find and back the best social innovations in Ireland, and to enable them to scale and maximise their impact. Our vision is the world’s best ecosystem for supporting social innovations – right here in Ireland. SIFI was catalysed by the Irish Government to stimulate philanthropy and support the growth of Ireland’s best social innovations. To do this, the Government has set up a challenge fund – for every Euro, we raise in philanthropy it is matched by a Euro from Department of Rural and Community Development, through the Dormant Accounts Funds. Social Innovation Fund Ireland practices active philanthropy through providing growth capital in the form of grants, as well as Accelerator programmes targeting growth. These can include growth planning, mentoring & other inputs tailored to the organisation’s needs.

WHAT HAVE WE DONE?

At 4 years old, SIFI has launched 14 Funds and supported 61 organisations to date. SIFI Awardees have the ambition to grow and make a step change in their impact. To support them, SIFI offers a powerful mix of grant funds and business supports through a 6-month Accelerator or a multi-year Gamechanger programme. SIFI has grown rapidly in the last 3 years. It has recently strengthened its Board through 2 new appointments and now looks to strengthen its team through recruiting several new roles, including Fund Manager, Social Impact Analyst, Social Impact Assistant, Marketing Coordinator, and 2 Administrative Assistant roles. Recruiting these roles will enable SIFI to lead the way and deepen the impact of our growing portfolio of awardees.

HOW WE WORK

There are four phases to the typical social impact work involved in our programmes:

1. Finding the best social innovations – Prepare and run the call for applications, run the selection process, prepare recommendations on who should be selected for the awards.

2. Investing in their social impact – A small number of awardees will receive a cash award plus a programme of non-financial supports that target growth. This role will manage the timing and targeting of the capacity building non-financial supports, to maximise the social impact by the Awardees, and will administer the financial supports.

3. Communicating the power of the programme – There are several opportunities during the programme to communicate externally about this awards programme.

4. Concluding the programme well – this requires capturing and communicating the social impact achieved by awardees during the programme, capturing lessons learned that can inform future programmes, and closing out relationships in a positive way.