About REDF Impact Investing Fund (RIIF)

RIIF is the lending and investment platform responsible for managing REDFs family of debt and private impact investment funds. These fundsincluding the Appalachian Growth Fund (AGF) and future vehicles in developmentprovide flexible capital that supports the growth, sustainability, and impact of small and medium-sized businesses aligned with RIIFs mission.

The Role:

This role is a benefited contract role that is currently funded through December 2028 with the potential for extension.

RIIF is seeking a Manager, Investments to help expand due diligence capacity, strengthen the quality of investment decisions, and support fund growth across multiple private investment strategies. While the role will support all funds, the initial emphasis will be on the Appalachian Growth Fund, where continued ecosystem development has generated a growing pipeline of prospective investments across debt, equity, and hybrid structures.

This individual will co-manage and evaluate deal flow alongside RIIFs Appalachia Ecosystem Lead and will serve as a dedicated underwriter for transactions in Appalachia across multiple product types. The role requires sophisticated financial and strategic judgment, the ability to lead complex cross-team workstreams with limited direction, and a comfort with ambiguity inherent to early-stage fund building. The ideal candidate brings strong private equity or growth-stage investment experience, an ability to adapt RIIFs investment toolkit across products and contexts, and a natural inclination to leverage modern toolsincluding AIto enhance analytical rigor and efficiency. This individual will report to RIIFs CFO.

The Responsibilities:

Investment Sourcing & Pipeline Management

• Co-develop and manage a high-quality investment pipeline in partnership with the Ecosystem Lead, translating ecosystem insights into actionable opportunities for RIIF Capital funds.
• Conduct market analysis, leadership assessment, financial diagnostics, and strategic fit across RIIFs portfolio.
• Maintain organized, accurate pipeline and CRM systems that support visibility, prioritization, and disciplined decision-making across teams.

Underwriting Across Products

• Lead end-to-end underwriting for investments across debt, equity, convertible debt, and other flexible structures used by RIIF Capital funds.
• Build and refine financial models, stress tests, and scenario analyses that illuminate borrower capacity, business performance, and fund-level return implications.
• Produce clear, compelling investment memoranda for internal decision-making and Investment Committee review.
• Structure deals using a combination of financial, legal, and impact considerations; recommend covenants, securities, terms, and mitigants tailored to each funds needs.

Cross-Team Coordination & Execution

• Coordinate underwriting activities with RIIFs Principal, Originations Senior Director of Lending, portfolio management team, legal counsel, fund administration partners, and REDFs data and impact teams.
• Lead workstreams that improve efficiency, alignment, and quality of investment processes across entities.
• Ensure that investment evaluations and decisions integrate relevant insights from ecosystem partners, borrower engagements, and cross-functional perspectives.

Strategic Contribution to Fund Development

• Contribute to RIIFs investment strategy and new fund design, reflecting lessons learned from AGF and other funds.
• Identify opportunities to enhance fund operations, underwriting processes, risk assessment approaches, and the integration of impact considerations.
• Offer insights on trends in the regional economy, industry dynamics, and borrower behavior that inform future fund design and regional strategies.

Technology, Data, and AI Enablement

• Champion the adoption of modern toolsAI, automation, data analyticsto accelerate underwriting, improve accuracy, and expand analytical depth.
• Continuously refine investment templates, checklists, and workflows to reduce friction and improve consistency across RIIF Capitals funds.

Stakeholder Communication

• Communicate complex findings clearly and persuasively to internal leaders, Investment Committee members, borrowers, ecosystem partners, and external collaborators.
• Represent RIIF Capital professionally in meetings, diligence sessions, ecosystem convenings, and funder discussions as needed.
• Produce materials that translate technical underwriting analysis into accessible insights for different audiences.

Leadership, Collaboration & Continuous Improvement

• Model excellence in collaboration across RIIF Capital, RIIFs lending and portfolio management teams, REDF, and external partners.
• Provide coaching and support to teammates, helping strengthen analytical rigor, processes, and decision-making norms across the investment function.
• Proactively identify opportunities for improvement and lead implementation of enhancements that support cross-team success and fund sustainability.

The Qualifications:

Required

• 5 years of relevant investment experience (private equity, growth equity, venture capital, investment banking, or CDFI/impact investing).
• Demonstrated ability to lead underwriting and execute transactions across multiple product types (debt, equity, convertible debt, hybrid structures).
• Strong financial modeling skills and the ability to assess unit economics, profitability drivers, leverage, capital efficiency, and fund-level implications.
• Experience working with senior stakeholders, presenting recommendations, and managing complex decision processes.
• Ability to work independently and lead cross-functional workstreams with limited direction.
• Comfort using or adopting AI-enabled tools, analytics platforms, and technology-enhanced workflows.
• Masters degree in finance, business, or equivalent experience.

Preferred

• Experience investing in or working with small and medium-sized businesses in rural or underserved markets, particularly Appalachia.
• Experience in fund operations, portfolio monitoring, and/or investment committee engagement.
• Familiarity with impact measurement, CDFI lending environments, or mission-driven capital strategies.

Join Us!

Please submit your resume and cover letter viaREDFs applicant portal. A personalized cover letter isrequired; applications without one will not be considered.

The Culture

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