Social Finance Manager
Position: Social Finance Manager
Site: MaRS Discovery Tower (currently remote)
Department: Grand Challenges Canada
Reports to: Director, Global Health Innovation
Status: One year contract, starting early May
Grand Challenges Canada is seeking a Social Finance Manager to play a critical role in supporting the Global Health Innovation Transition to Scale portfolio. Grand Challenges Canada supports innovations in reproductive, maternal, newborn, child and adolescent health, with an aim to save and improve lives of unserved and underserved populations in low- and middle-income countries. Through the Transition to Scale program, Grand Challenges Canada provides grant and concessionary risk capital, along with technical advisory, to support the most promising innovations through the missing middle. Since 2011, Grand Challenges Canada has supported over 230 innovators at transition to scale.
Social Finance Manager
Formally reporting to the Director, Global Health Innovation, and working closely with Investment Managers, Program Officers, and the broader Global Health Innovation team, the Social Finance Manager will play a key role overseeing the Transition to Scale portfolio of debt investments. Employing advanced business acumen, strong finance and investment knowledge and experience, responsibilities of the Social Finance Manager will include but are not limited to:
- Supporting Global Health Innovation Investment Managers and Program Officers in the development of appropriate funding structures, including the negotiation of debt term sheets and their translation into investment agreements;
- Preparing and presenting restructuring proposals of non-grant investments to the restructuring committee;
- Overseeing the process for monitoring, invoicing, tracking and closing out of loan repayments, including coordination with the Finance team;
- Ensuring timely and accurate delivery of non-grant investment reports to the Audit, Finance and Risk Committee, and acting as the main point of contact for non-grant investment related questions for both internal and external questions;
- Conducting ongoing management of investments, e.g., assist investee companies in developing partnerships, fundraising, and managing other issues as they emerge;
- Helping lead and contribute to the analysis of Transition to Scale portfolio progress, results and lessons on financing and structuring a continual basis, including periodically updating Grand Challenges Canada’s Financing Framework;
- Serving as a thought leader in developing best practices for impact-first investing in low- and middle-income countries;
- Evaluating new investment opportunities, including conducting financial and operational due diligence and risk analysis;
- Preparing and/or pitching potential investments to GCC’s Investment Committee;
- Establishing and/or managing networks critical to accomplishing the above responsibilities; e.g., partnerships with a range of stakeholders, including foundations, impact investors, multi-nationals and social entrepreneurs; and,
- Acting as a brand ambassador for Grand Challenges Canada, representing Grand Challenges Canada strategic interests and promoting its activities and opportunities through external collaborations, presentations and communications with potential partners, innovators, external thought leaders, and Canadian government representatives.
- Relevant Bachelor’s degree or advanced degree in a relevant discipline with advanced business training (e.g., MBA, CFA, relevant Master’s degree)
- A minimum of 5-7 years of relevant work experience, which may include working within global early stage venture investments or private debt/equity, experience with blended finance an asset; strong preference will go to those with education and/or experience in global/public health and/or international development
- Experience in debt structuring and restructuring, an asset
- Experience reviewing and evaluating business plans, market analysis, financing and fundraising
- Demonstrated interest in and knowledge of relevant domains (e.g., reproductive, maternal, newborn, child and adolescent health, international development, social finance/impact investing)
- Experience working in a fast-paced working environment
- High level of attention to detail
- Highly developed interpersonal skills with demonstrated ability to work well independently and within a team
- Excellent verbal and written communications skills; experience working cross-culturally an asset
- Working knowledge of French an asset
People with disabilities are encouraged to apply. People with lived experiences in relevant thematic areas are encouraged to apply.
If you are interested in making your contribution at UHN, please apply on-line. You will be asked to copy and paste as well as attach your resume and covering letter. You will also be required to complete some initial screening questions.
Posted Date: April 8, 2021
Closing Date: April 22, 2021
For current UHN employees, only those who have successfully completed their probationary period, have a good employee record along with satisfactory attendance in accordance with UHN’s attendance management program, and possess all the required experience and qualifications should apply.
UHN thanks all applicants, however, only those selected for an interview will be contacted.
UHN is a respectful, caring, and inclusive workplace. We are committed to championing accessibility, diversity and equal opportunity. Requests for accommodation can be made at any stage of the recruitment process providing the applicant has met the Bona-fide requirements for the open position. Applicants need to make their requirements known when contacted.