• Social Impact Investing Fund
  
• Exceptional leadership & investment team
  
• Sydney or Melbourne based

About FPIP

For Purpose Investment Partners (FPIP) is a not-for-profit social impact investment manager. At FPIP we see the opportunity for mainstream capital to migrate to impact-focused investing given the growing evidence of attractive financial returns. We call this movement “Capitalism 2.0”. It is based on the practical insight that in those large sectors of the economy where there is a combination of critical social need and significant government funding, the capacity to run large scale enterprises with business discipline for social purpose is vital, and if done properly can generate both long dated commercial returns and measurable social outcomes.​

Within the social sector, we have identified Aged Care, Disability, Social and Affordable Housing, Mental Health and Skills Education as subsectors with significant need in which private capital can make a meaningful difference while generating appropriate, commercial returns. FPIP was established in 2017 and has undertaken several transactions, raising money on an as-needed basis as well as establishing our first fund, the Social Impact Fund I in December 2021. We currently have approximately A$100m of assets under management and our current portfolio consists of specialist disability accommodation, a skills education business with two registered training organisations, and a specialist NDIS food delivery business. From the beginning of April, we will also have an aged care provider with three residential aged care facilities in Victoria. Given our growing portfolio and a strong pipeline of further opportunities in the social sectors, we are looking for an Investment Manager to join our small and dynamic team.

As a values-driven organisation, we care deeply about the impact our organisation and investments have on society, and have fostered a culture in which all team members are encouraged to think creatively about the best use of capital and to speak up to raise suggestions and challenge colleagues when discussing ideas as a group.

FPIP is an equal employment opportunity employer, committed to diversity, equity and inclusion. We recognise the value in building a workplace culture which integrates diversity, equity and inclusion into how we work, and values the unique contributions and needs of every employee. Inclusive workplace culture is deeply-rooted in respect for all people and their human rights regardless of gender, age, heritage and cultural background, skills, experience, sexual orientation, disabilities, work styles and ideas. If you’re keen to apply and need reasonable adjustments to the application process or interview process, please let us know.

You can learn more about FPIP on our website: here.

About the Role

We are looking for a passionate, values-aligned Investment Manager to join our investment team in an exciting growth phase of the business. We are particularly seeking someone who is highly motivated, comfortable working autonomously, a strong communicator and is excited to work in a small, fast-paced and dynamic team.

With a team based across Sydney and Melbourne we support a flexible, hybrid workplace. At FPIP we pride ourselves on being a non-hierarchical organisation, where every team member’s voice is just as loud as the next. In this role, not only will you have the chance to work directly with the Founders and Executive Directors, but you will also get the chance to influence company strategy for both FPIP and our portfolio companies.

The Investment Manager will lead a wide variety of workstreams including management of existing investments, screening and execution of new transactions, impact measurement and reporting, fund administration and investor relations. The Investment Manager will also contribute to the management and operations of FPIP and will assist managing the ongoing development of junior members of the team.

With exposure to a wide variety of opportunities and industries, this role will provide a unique opportunity to join a market leading team and help us to shape the social impact investing landscape in Australia.

To be considered for this role you must have Australian working rights.

Duties and Responsibilities

The Investment Manager will:

• Develop a deep understanding of FPIP’s focus social sectors, including key stakeholders, potential investment targets and relevant regulation
• Aid the origination of potential investment opportunities for FPIP’s funds, including through business development and review of market research activities
• Conduct preliminary screening of potential investments, including financial analysis, market and risk analysis, development of a social impact thesis and preparation of internal investment memos and associated documents
• Lead due diligence on prospective investments, including managing external advisors, key target personnel and preparing and presenting diligence materials and Investment Committee memos
• Review and negotiate transaction-related documentation including financing term sheets and sale and purchase agreements
• Develop financial models, formulate and critique model inputs and assumptions and generate model outputs to assist with the investment decision making process, ongoing valuation and investor reporting
• Lead ongoing management of portfolio companies, building relationships and working with portfolio company management to formulate and oversee strategy
• Develop impact measurement and management strategy with portfolio companies and drive implementation and reporting on this
• Assist with preparation of the Annual Impact Report
• Prepare regular investor reporting and investment committee/board reporting
• Assist with fundraising activities including preparation of fund or investment materials
• Support fund and manager operations as required, including responding to investor enquiries and assisting with brand awareness and marketing efforts
• Provide junior team members with on-the-job training and coaching

Required Experience:

The Investment Manager will ideally have:

• Minimum 4 years’ relevant experience in an investment, finance or professional services role, with proven quantitative and qualitative analytical skills, good commercial acumen and insight
• A strong interest in the social sector and desire to learn more
• Experience coaching and managing the work of more junior team members
• Ability to lead projects with multiple stakeholders and workstreams
• Experience reviewing or negotiating transaction documents
• Excellent verbal and written communication skills, enabling succinct and compelling presentations to a variety of stakeholders with clear analysis and recommendations
• Well-developed interpersonal skills with the capacity to build strong relationships, work effectively in a team environment, and facilitate meetings and deliver presentations
• Ability to provide feedback and actively seek feedback from others on how to improve performance
• Good working knowledge of accounting and financing concepts, including strong familiarity with financial statements, and a detailed understanding of common valuation approaches and capital structures
• Experience using Office 365 applications including Excel, Outlook, Word and PowerPoint
• Experience building financial models from scratch in Excel including good model design principles and technical knowledge of functions and common outputs such as sensitivity tables
• Preferably a track record of personal engagement with social initiatives (e.g. through volunteering)

Please submit your application via the Apply Now link.