Chief Investment Officer (CIO)

DescriptionChief Investment Officer @ ICA.FundThe Chief Investment Officer (CIO) at ICA Fund is a key executive leader that combines strategic leadership with a focus on leveraging an ecosystem of support to, manage and drive investment outcomes that balance financial and impact returns aligned with ICA's mission. This position requires a visionary leader who can manage competing priorities and lead multi-stakeholder processes in a collaborative manner to achieve results. This is an opportunity for the right leader to drive industry-leading and market-making work to achieve the organization's investment goals while maximizing impact.This position is responsible for developing investment strategy and leading investment activities, managing and building a dynamic team of six professionals, managing the investment portfolio to achieve stated outcomes and organizational commitments, and supporting capital fundraising efforts as needed. This role combines strategic leadership, investment and financial expertise with a deep commitment to social impact and community development.The most immediate work will focus on:Revising the investment strategy and thesis with data and experience derived from the last 5 years of activityEnsure all growth portfolio companies have a custom support portfolio management planDrive the creation of a maturity model for our Portfolio companies that is tracked, discussed and intentionally driven.This full-time position is based in Oakland, CA, with a hybrid schedule of in-office work on Tuesdays and Thursdays. This role reports directly to the Chief Executive Officer.ICA: NOT BUSINESS AS USUALICA's mission centers on accelerating great businesses through mentorship and investments to catalyze value in missed markets and transform communities. ICA offers tailored accelerator programs that deliver hands-on advising and business education. These programs are designed to help businesses scale effectively, build strong teams, and prepare for investment opportunities.Key ResponsibilitiesStrategic LeadershipDefine the strategic direction of the investment team and secure CEO, board, and investment committee support for initiatives and goalsDevelop and execute a comprehensive investment strategy that aligns with the organization's mission and goals across the organizationEstablish investment policies, guidelines and frameworks to govern and guide the investment practiceCollaborate closely with the direct services team to ensure appropriate sourcingLead cross-functional initiatives that leverage both investment and direct service capabilities to maximize impact and alignment across the organizationDevelop and refine investment strategies that align with the organization's mission and market opportunitiesDevelop innovative financial products and investment structures that address unmet needs in underserved communitiesInvestment Strategy and ExecutionResponsible for the execution of the fund's investment strategy, ensuring grant and investor commitments are met while serving the needs of our small business communityIdentify and evaluate investment deals, ensuring alignment with both financial and social impact objectivesRegularly assess and refine the organization's investment approach to address evolving community and financial needsUtilize the combined expertise of the team and investment committee to identify emerging trends and innovative investment approachesDevelop and implement investment strategies that support ICA's position as a leader in impact investing and community developmentRegularly assess and report on the financial and social impact performance of investments, demonstrating the organization's effectiveness to stakeholdersEstablish thought leadership initiatives that showcase the organization's innovative approaches and success storiesIdentify gaps in the market where the ICA can play a catalytic role; including helping to build the follow-on investment demand for ICA companiesInvestment Committee PartnershipCoordinate and lead Investment Committee meetings to review prospective investments, report on progress, and discuss portfolio strategy that meets organizational goalsLeverage the expertise and networks of investment committee members, and other external experts, to identify new investment opportunities and capacity support for the businesses we servePresent investment proposals, performance reports, and market analyses to the investment committee, ensuring they have the necessary information to make informed decisionsCollaborate with the investment committee to establish and review investment policies, risk management strategies, and performance benchmarksFund Management and FundraisingLead efforts to attract co-investors and partners, leveraging ICA's investments to create larger pools of capital for impactDevelop and lead strategies to identify new sources of capitalPlay an active role in fundraising, engaging with investors on both financial performance and social impact of investmentsPortfolio ManagementCreate a portfolio management approach that leverages deep ecosystem building and networks to manage risk and liquidity needs for ICA and growth objectives for the companies.Identify and cultivate strategic partnerships and technologies to help support the companies within the portfolio and the portfolio overallEnsure adequate financial and social impact monitoring of portfolio companiesRegularly review and report on prospective investments, report on progress, and discuss portfolio strategyTeam Leadership and Culture BuildingBuild and maintain a positive team culture that values curiosity, self reflection, continuous improvement, accountability, commitment and passion for ICA's missionPromote cross-pollination of ideas between investment professionals and direct service teamsMentor team members to develop investment acumen and a holistic understanding of ICA Fund's mission and operationsDirectly manage a dynamic team of 6Foster a non-hierarchical, ambitious, and energetic work environmentPromote a culture of collaboration, integrity, and trust within the organizationIntegration with Direct ServicesFoster a culture of collaboration between the investment team and direct services teamImplement systems for knowledge sharing and feedback loops between investment activities and on-the-ground community workDevelop and monitor metrics that measure the combined impact of investments and direct servicesParticipate in strategic planning sessions with the direct services team to align objectives and resourcesQualifications15+ years of experience in private equity, venture capital, corporate development or related fields, with at least 7 years in private equity or venture capital, including successful exitsProven track record of sourcing, structuring and managing investmentsDemonstrated ability to lead diverse, multidisciplinary teams and manage complex stakeholder relationshipsSmall business operating expertiseStrong commitment to and understanding of community development and social impact metricsExceptional communication skills to articulate the connection between investments and direct servicesStrong background in finance and investment analysisExperience investing in diverse entrepreneurs is strongly preferredMBA preferred but not requiredSkills and AbilitiesExceptional people leadership and collaboration skillsStrong impact orientation; ability to balance financial and impact returnsExtensive knowledge of investment concepts, strategies, and capital marketsExcellent analytical and communication skillsAbility to manage multiple stakeholders and gain buy-in both internally and externallyCultural FitThe ideal candidate will:Demonstrate a strong commitment to ICA's missionPossess a vision for transforming the financial system to be more inclusive and create economic opportunities for allExhibit impeccable integrity, credibility and track record of building and fostering a positive team cultureBe willing to "roll up their sleeves" and contribute at all levels of the organizationThrive in a fast-paced, dynamic environment while maintaining attention to detailThis role offers a unique opportunity to lead investments that drive both financial returns and meaningful social impact, while supporting a strong, mission-driven team.OUR OFFER AND COMMITMENTThe annual base salary range for this position is $220,000 to $245,000 depending on background and experience. Compensation also includes a discretionary bonus paid annually based on organization and individual performance.ICA's full benefits package includes: 13 paid holidays per year; 3 weeks of annual paid vacation; 10 days of annual paid sick leave; at least 3 employer-identified mental health days; employer-paid health, dental, vision, life insurance and disability benefits; 50% employer-paid dependent health; employer-paid mental health counseling; 24-hour online virtual healthcare; 401(k) plan with matching; and mobile phone / Internet reimbursement.ICA Fund is an equal opportunity employer. We evaluate all qualified candidates based on their experience, skills, and ability to contribute to our mission, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, age, and other legally protected characteristics.HIRING PROCESSPeople are key to our success, and we'd like to get to know you. Depending on your progress through our hiring process, you may go through the following steps: several rounds of panel interviews; completion of an exercise or case study; and reference-checking of previous supervisors and colleagues.HOW TO APPLY