About Mission Driven Finance®
Learn more about us, our “why,” and our opportunities on our jobs page.
Mission Driven Finance® uses finance as a tool for change. We’re all about mobilizing capital that will increase inclusive and equitable access to education, health, and wealth, and there are a lot of awesome things happening to achieve our mission. As our fully remote/distributed team continues to expand, we’re always looking for ways (and people!) to help us grow.
In 2023, MDF launched Care Access Real Estate (CARE), a pioneering specialty REIT focused on child care real estate assets. We seek to transform CARE from a proven concept with $13M in assets to a large-scale, sustainable $500M+ REIT that revolutionizes the care economy while delivering strong investor returns.
MDF also manages $100M+ of other real estate vehicles and investments. Two MDF private credit funds, Advance and MDF Capital Partners, regularly provide bridge and project financing to real estate and infrastructure developers. HHI Facility I, in partnership with nonprofit Hogar Hispano, acquires non-performing loans and other distressed properties for the sole purpose of creating affordable housing and homeownership opportunities for LMI families.
Who should apply
We're in search of a visionary real estate investment leader to join our executive team as the Managing Director, CARE REIT & Impact Real Estate. In this pivotal role, you'll lead strategy for all of Mission Driven Finance’s Impact Real Estate Funds, as well as co-lead our CARE REIT alongside our Vice President, CARE & Education. You will play a pivotal role to take CARE from a small fund/proven concept to become a sustainable REIT that transforms the child care sector, while also guiding MDF’s full portfolio of impact real estate deals and funds.
You are looking for your next great adventure, helping to build something that can move billions and create positive outcomes in communities across the US. You thrive in dynamic environments, and enjoy the breadth of work across driving strategy and execution, building and managing teams, and raising and investing capital.
You have a long and strong track record in real estate investment, preferably through experience at a real estate management company that attracted institutional investors and owned many properties across geographies. You are skilled and comfortable with the financial side of real estate funds and transactions, and have raised equity and debt capital from outside investors. Negotiating term sheets is your happy place.
You are bottom-line driven, but also want to do good in the world, and you have harnessed your real estate savvy for positive purposes during your career. Perhaps you’ve been engaged with community real estate ventures in the past, such as for affordable housing, but even if not, you are impact- and mission-motivated. You connect with the child care specialty of CARE as a REIT, as a parent or by sympathizing with the struggles of parents in your orbit to find child care while they work.
You can confidently interface with internal and external stakeholders, presenting the strategy and delivering financial analyses and performance updates. You have experience collaborating closely with fellow executive leaders to influence company-wide decisions and steer the organization towards its goals. In particular for this role, you are comfortable in a side-by-side leadership position, and perhaps find that you do your best work when you have a valued colleague with whom to share the burdens and joys of growing an enterprise.
If you're ready to make a significant impact and drive our organization forward, we invite you to join us on this journey. This position is remote. Our team is distributed across the U.S. and works remotely.
Primary Responsibilities
As Managing Director, you will lead strategy for all of Mission Driven Finance’s Impact Real Estate Funds, with a significant focus on the CARE REIT.
- Co-lead CARE, together with the Vice President, CARE and Education:
- Drive growth and vision: Develop the long-term strategic roadmap and acquisition approach that will position CARE as the premier owner of child care real estate nationwide and grow CARE to over $100M within 2 years.
- Source strategic partnerships: Secure partnerships for CARE with developers to integrate child care properties in residential and commercial projects around the nation.
- Shape capital structure: Architect and implement appropriate capital stacks and innovative financing strategies, including equity raises, debt financing, refinancing, and joint ventures.
- Oversee portfolio financial performance: Lead sophisticated financial management of the REIT, including budgeting, NAV analysis, distribution strategies, and optimizing portfolio metrics to maximize both financial and social returns in a risk-mitigated fashion.
- Drive capitalization: Position CARE for institutional investment across debt and equity, leading engagements from due diligence to negotiation to closing and ongoing management.
- Provide leadership to other MDF real estate investment vehicles:
- Oversee key fund management activities: Partner with the Fund Management team to oversee investment and portfolio performance monitoring, ensuring alignment with fund policies, financial and impact objectives, and covenants
- Investment structuring support: Partner with Investment Management team to review and provide input on investment analysis and deal structuring to ensure it is closely aligned with the objectives and context of funds, including overseeing syndication and credit enhancement strategies for certain funds, and supporting presentations to investment committees
- Liquidity management: Model and manage cash flows, capital calls, distributions, and commitments, ensuring appropriate liquidity for fund vehicles
- Data collection & analytics: Partner with MDF’s technology team on data collection tools, methodologies, and process to ensure there is quality financial and impact data to produce reporting and analytics for managed funds
- Client-partner experience: Be an active part of the team working with client-partners to provide an excellent experience to external stakeholders and drive social and financial returns
As an Executive for Mission Driven Finance, your responsibilities include to:
- Drive high-impact initiatives that align with MDF's long-term vision and goals, contributing to the organization's strategic direction and growth.
- Interface with the boards of directors of both MDF and CARE, presenting strategies, performance updates, and key insights to facilitate informed decision-making.
- Lead transformational change efforts, overseeing the successful implementation of initiatives across various functions and departments.
- Collaborate closely with fellow executive leaders to influence company-wide decisions, leveraging collective expertise and insights to drive organizational success.
- Demonstrate visionary leadership, inspiring, guiding, and uniting teams around a shared mission, and leading individuals, multiple areas, and/or other leaders towards achieving common objectives.
