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Venture Capital Jobs Blog

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VC Internship @ ECMC in Los Angeles, CA

Choosing a career with ECMC Group means joining a nonprofit corporation with a mission to help students succeed. With a vibrant mission and values, great benefits, and strong community involvement, ECMC Group companies are an ideal team to join.

ECMC FOUNDATION

The mission of ECMC Foundation is to inspire and to facilitate improvements that affect educational outcomes— especially among underserved populations— through evidence-based innovation. We invest in two focus areas: College Success, Career Readiness; and use a spectrum of funding structures, including strategic grantmaking and program-related investments, to fund both nonprofit and for-profit ventures. Working with grantees, partners and peers, ECMC Foundation’s vision is for all learners to unlock their fullest potential.

POSITION SUMMARY

ECMC Foundation seeks an analytical, mission-driven professional to serve as the Impact Investing Intern within its program-related investment portfolio, Education Innovation Ventures (EIV). EIV makes below market-rate investments in nonprofit and for-profit ventures that seek to generate both social impact and financial returns. These catalytic investments enable the Foundation to tap into the creative power of the nonprofit and private sectors and advance the effort to improve educational and career outcomes for learners from underserved backgrounds through innovation and evidence-based practices. Financial returns are reinvested into additional program-related investments, allowing the Foundation to recycle investment dollars and generate further positive impact in learners’ lives.

The Impact Investing Intern will be responsible for assisting the Education Innovation Venture team with exploring investment trends and opportunities, conducting research and due diligence, preparing financial models, and helping to monitor existing investments. Some travel may be required.

This is an excellent learning opportunity for a graduate student interested in philanthropy while fine-tuning their professional toolkit in impact investing. Opportunities for professional development will be made available throughout the course of the internship; these hours will count toward regular work hours.

This is a full-time, paid position that will be based in Los Angeles and requires 40 hours per week for 10 weeks. The start and end dates are flexible to accommodate the academic calendar.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Researching new companies and organizations that may align with EIV’s focus on improving educational and career outcomes for learners from underserved backgrounds
  • Proactively vetting new investment opportunities, including analyzing industry sectors and other areas of investment activity
  • Conducting due diligence on new investment opportunities
  • Inputting, formatting, analyzing and synthesizing companies’ financial information
  • Building financial models to determine value, feasibility, sustainability and optimal capital structure
  • Analyzing and tracking the receipt of performance, financial and social reporting, and payments from portfolio companies
  • Liaising with program teams on relevant investment opportunities
  • Assisting in structuring and negotiating the financial and legal terms of new investments
  • Helping to identify impact measurement methodologies for program-related investments
  • Assisting with data management and recordkeeping using the grants management database Fluxx
  • Participating in internal and external meetings
  • Complying with all ECMC Foundation Policies
  • Performing other duties as assigned

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. This job description is subject to change at any time. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and EXPERIENCE

  • Current/entering MBA student or graduate student working toward a degree in a related field
  • Recent student of business administration or a related field

KNOWLEDGE, SKILLS and ABILITIES

  • Working knowledge of and interest in impact investing, finance, and/or philanthropy, strong consideration will be given to candidates with backgrounds in education and/or workforce development
  • Strong analytical and quantitative skills; financial modeling and comfort with corporate finance required
  • Excellent oral and written communications skills
  • Ability to deliver quantitative and qualitative data in a compelling way
  • Ability to research, synthesize and summarize key lessons on new topics
  • Ability to work independently or as a member of a well-functioning team
  • High attention to detail and clarity of documents and projects
  • Capacity to effectively organize, plan, and prioritize work/projects
  • Possess strong intellectual curiosity and passion for problem-solving and flexibility in approaching best practice solutions
  • Sense of humor

PHYSICAL SKILLS AND ABILITIES

  • Must be able to remain in a stationary position for a long period of time;
  • Needs to occasionally move about inside the office;
  • Ability to travel to sites and/or local conferences.

WORK ENVIRONMENT

  • Required to work approximately 40 hours per week to successfully perform the job responsibilities;
  • Employee works in an office environment – working remotely is not an option;
  • The noise level in the work environment is usually quiet to moderate.

Required Materials

Please combine your resume and cover letter into one document and upload.

Application Close Date is Sunday March 24th.

 

If interested, please apply here.

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Written by sandeepashah

March 9, 2019 at 7:17 pm

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