BII Seeks Impact Investment Associate

Impact Investment Associate Job Description

Location: Boston, MA

Industry: Non-profit / Financial Services

Employment Type: Full-time


Please send cover letter and resume to Please include IMPACT INVESTMENT ASSOCIATE in subject of email. 



The Boston Impact Initiative Fund (BII) has a unique role in the field of impact investing. Our fund is focused on economic justice, which means that we invest in opportunity for all people.

BII seeks to invest in organizations and initiatives —both for-profit and not-for-profit—that are committed to creating a better future for Massachusetts’ youth and families. 

BII pioneers an integrated capital approach for capital deployment. We believe that we can best support the creation of resilient local economies by using a range of integrated capital tools: loans, credit enhancements, equity investments, royalty finance, direct public offerings, crowdfunding, grants and more. 


The Impact Investment Associate plays a significant role in BII’s integrated capital strategy. The primary responsibilities include vetting prospective investments and providing on-going support to existing portfolio companies. Responsibilities also include:

  • Maintain a thorough understanding of the investment thesis and mission of BII.
  • Conduct due diligence for prospective investment opportunities.
  • Maintain portfolio tracking reports and written documentation on investment decisions.
  • In collaboration with colleagues, discover, define and evaluate new investment opportunities and their fit in the portfolio.
  • Research and present analyses of the total portfolio performance and risk profile.
  • Attend and participate in Investment Committee meetings.
  • Collect legal documents from companies and liaise with fund attorneys to put together documents for investment.
  • Coordinate and attend annual meetings with portfolio companies, assist with analysis of impact data, assist with annual impact report, and assist with on-going impact management of portfolio.
  • Track technical assistance provided to portfolio companies.
  • Update portfolio company summaries and social media posts (with the assistance of interns).
  • Perform any and all other duties and responsibilities of a similar nature and character those above, which may be assigned and/or directed.


  • Demonstrated interest in and understanding of economic justice, sustainability, and/or related topics.
  • Excellent skills in quantitative analysis, problem solving and general critical thinking. 
  • Strong written and verbal communication skills.
  • Self-starter and ability to work independently.
  • Resourceful, proactive, able to prioritize and navigate in a fast-paced team-oriented environment.
  • Ability to manage multiple tasks and to meet deadlines with minimal supervision 
  • Excellent organization, attention to detail and follow-through.
  • Unquestioned ability to handle confidential information in a professional manner 
  • Possess analytical skills and an interest in financial markets, public policy and social and environmental issues.
  • Proficiency with MS Office (Excel, Word, PowerPoint).
  • Bachelor’s degree with a minimum of three years of relevant work experience in FP&A, Corporate Finance, and/or Business Controller positions.
  • Knowledge of investment assets (e.g. stocks, bonds, property, commodities, cash) and markets. Knowledge of analytical methods for determining fair value and an investment’s merits. Knowledge of investment implementation methods, including types of fund vehicles (e.g. mutual funds, ETFs, private partnerships) and typical fund terms in both public and private asset classes. 


The Boston Impact Initiative Fund is an equal opportunity employer. Boston residents, women, people of color, immigrants, queer and gender nonconforming people strongly encouraged to apply.

BII Advances Leadership From Within

When Mark Watson joined BII in August 2016, he shared how deeply he yearned to put his decades of experience on Wall Street to work for folks of color. He also shared how committed he was to cultivating a pipeline of fund managers of color and how much trust he had in the decisions they would make about providing equitable access to capital.

In three very full years, he has accomplished both of these goals, helping to create breakthrough financial innovation that marries the rigor of finance with the impact of grassroots activism. Mark has been the magician who brought these two strategies together. He conceived of the BII Fund design in a way that compromised nothing in terms of social impact. Under his leadership, BII Fund has become a pioneer in the impact investing space, demonstrating that you can put racial justice at the center of an investment strategy.

And now he’s bringing his design skills to a new fund. On January 1st, 2020, Mark will join the Fair Food Fund as its Managing Director, continuing with BII Fund part-time as a Portfolio Strategist, supporting our current team as they step fully into their own leadership of BII Fund.

Together, Aliana Pineiro as Impact Director, Pablo Limon as Investment Director and Gregory Bloomfield as Director of Finance and Administration will deliver on BII Fund’s promise to provide integrated capital to entrepreneurs of color in Eastern Massachusetts and to pay back our many noteholders and supporters. 

TCP Receives BII Investment

Transformative Culture Project is a nonprofit organization that harnesses the economic power of creative arts for youth and community development. TCP embodies the values of authentic diversity – the art of catalyzing a real conversation about an array of concepts, connections, ideas, and relationships. They inspire this across cultural, physical, political, racial and religious planes to spawn inclusive collaborations that deliver positive impact. BII has provided bridge financing to TCP twice before and in 2019 provided the nonprofit organization with a line of credit so that it can more easily navigate the grant cycles of various funders. 

88 Acres Raises Capital for Growth

88 Acres is an artisan food company that produces healthy snacks free of the top eight food allergens. Their Dorchester-based manufacturing center generates dozens of good jobs for the local community. They also prioritize ingredient sourcing from New England-based farmers. Their delicious seed bars, seed butters, and seed-nola are available across the country in large retailers like Target and Whole Foods, and also in many public school systems. The BII Fund made its initial investment in 2017. In 2019, BII made a follow-on investment to expand their business and create new manufacturing jobs. 

Pristine Engineers Inc Receives BII Funding

Pristine Engineers provides engineering, design, and construction administration services on HVAC, electrical, plumbing, fire protection, and renewable energy systems. They design energy-efficient systems for buildings in New England that result in energy and water savings. Founder and owner, Golam Mustafa and his team of nine have over 170 years of collective experience in the field and continue to serve customers in Raynham, MA and beyond. Mr. Mustafa, is committed to hiring diverse team members and providing opportunities for career development. In 2019, BII made a loan to support company growth.

BII Seeks Marketing and Finance Interns

Boston Impact Initiative is looking for two interns for the 2019-2020 academic year. These are unpaid internships, but we can provide support needed to get school credit. See the descriptions below and email with a resume and brief cover letter if you’re interested! Deadline for applications is Oct 1.

Marketing Internship

BII is seeking a resourceful marketing intern at our South End office for 10 to 15 hours per week to write content for our website and social media channels and help with occasional event planning.

About you: Must have a demonstrated interest in social entrepreneurship, social justice, and/or impact investing. Can be studying communications, marketing, entrepreneurship or a related field. Must be an excellent writer, self-directed, and a quick learner.

Finance Internship

BII is seeking a motivated finance intern at our South End office for 10 to 15 hours per week to conduct financial research and analysis on small businesses in a variety of sectors.

About you: Must have classroom, internship or work experience conducting financial research and analysis. Can be studying business, economics, or math. Must have an analytical mind and experience with small businesses or social enterprises is a plus.

MathTalk Secures Funding for Mathscapes and App

MathTalk is a community-focused education technology Public Benefit Corporation based in Cambridge, MA. Founder Omo Moses is an educator and nonprofit leader who was inspired to start the company when his son was born. There is a 60% gap in cognitive development between children in the highest and lowest socioeconomic groups. That’s why BII has invested in MathTalk, which serves kids of low-income families and encourages holistic engagement in math and numbers from a young age. Using playful installations and tech products, MathTalk promotes early math and language development. It uses the latest scientific research on cognitive development and is rooted in the cultures of local communities of color. A BII investment in August 2019 will enable Math Talk to further develop its Mathscapes and mobile app.

TARTTs Day Care is Poised for Growth

Tartts Day Care is family-owned business that provides quality childcare services for children ages two months to five years. Founded by African-American nurse Bessie Tartt Wilson in 1946, the company is now run by second, third, and forth generation family members. With a 1 to 5 staff to child ratio, TARTT’s offers thoughtful curriculum and activities, and healthy meals for over 250 kids annually. They  plan to operate five boutique childcare centers in the Boston area by 2024. In 2019, BII made a loan for operational expenses of establishing a new center.

Five Star Plating Invests in Manufacturing Jobs

Five Star Plating provides quality metal coating and plating services in the greater Boston area. Headquartered in Lawrence, MA, they employ over 47 community members and plan to grow their productive capacity, offer new services, and automate processes, thereby adding 30 jobs in the next three years. The CEO and founder, Fausto Garcia, is a Latino business owner with more than 20 years of experience in the metal plating industry. Garcia and his business have been selected as recipients of the Eastern Bank Business Initiative, and alongside a BEI strategic advisor, they are executing a strategic growth plan. In 2019, BII provided Five Star Plating with a loan to facilitate this growth.

Meetcaregivers Receives Funding to Build New App

Meetcaregivers is a home health care business that connects families with pre-screened and qualified caregivers for their aging parents at as much as half the cost of traditional agencies. Co-founder Florence Fuhara was a caregiver early in her career. She started the company with a mission to improve caregiver pay, reduce the cost of home care, and improve coordination to help more seniors receive the care they need, decrease readmission to hospitals, and enable more seniors to age at home.

Recently, the business developed a basic/free version of an app that can track and coordinate health among caregiver and family members. In June 2019, BII participated in a growth capital loan as the company plans to further develop the app and to hire both a technology team and a marketing and sales team.