Quality Standards Manager
Aeris® seeks qualified half-time finance professional as Quality Standards Manager to review financial and impact management due diligence relative to a standardized methodology, and other analyses relative to standards defined by Aeris or by Aeris clients.
Aeris guides capital to good by working at the intersection of risk and impact to serve the impact investing field. Since 2004, Aeris’ due diligence and data have helped investors to source, underwrite, and monitor investments that meet their risk parameters and impact goals. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more.
Aeris applies its proprietary rating methodology to assess a community investment loan fund’s impact management and financial strength. The impact management rating assesses alignment of the community investment loan fund’s programs and products with its mission, how effectively the community investment loan fund uses its resources—both on-and off-balance sheet, the appropriateness of output and outcome data, and how such data is used by the loan fund to determine the effectiveness of its products and strategies relative to its mission. The financial strength and performance rating assesses overall creditworthiness from the perspective of an unsecured investor with a three-to-five-year investment horizon based on an in-depth analysis of capital strength, asset quality, management capacity, earnings, and liquidity (CAMEL).
Aeris is expanding its due diligence beyond community investment loan funds to other sectors and investment instruments in the impact investing market. The Quality Standards Manager may be asked to provide quality review services on other engagements.
Aeris analysts are finance professionals, and are among the most experienced and sought-after impact investment advisors and underwriters in the field.
Aeris’ rating analyses are based upon a rigorous and comprehensive due diligence process that culminates in a concise and thorough written analysis which addresses all the organizational and financial strengths and weaknesses of the rated entity, which are significant for the investor.
The rating process involves:
- analyzing five years of financial information, including audits and portfolio performance reports, and review of written policies and narrative documents relating to impact, financial performance, and management;
- conducting one to two days of interviews with management and board members;
- developing opinions on the significant strengths and weaknesses of the organization and its performance, which support the recommendation of a rating,
- writing the Rating Report, averaging 45 pages in length including a number of standard and custom tables and charts; and
- presenting the rating report and opinions with a recommended rating to the Aeris rating committee.
Analysts and management make up a rating committee via conference call for each rating analysis. Using the rating analysis report, committee members score a community investment loan fund based on codified ratings guidelines. Ratings are finalized based on committee discussion and responses of questions posed to the analysts.
Primary Work Responsibilities
The Quality Standards Manager will be assigned specific rating analyses, to work with and support the analyst(s) by performing a detailed quality review of the final draft report, and will be responsible for the following:
- Ensuring that Aeris rating analyses identify all relevant credit and impact management issues;
- Ensuring that the opinions expressed in the Aeris rating analyses are significant, sound, and substantiated;
- Ensuring that Aeris rating analyses meet the highest quality standards of professional business writing and accuracy of facts and figures;
- Ensuring that Aeris rating analyses adhere to our standard report format and writing conventions;
- Working collaboratively to develop analysts’ analysis and writing skills;
- Contributing to the refinement of analysis presentations, identification of emerging issues for the field, tools to support analysts;
- Participating in Rating Committees on analyses that received quality review from other team members.
This is a part time 20-hour-week, work-from-home position. Some flexibility to accommodate fluctuating workflow and deadlines is required.
Successful candidates must have:
- Solid understanding of accounting concepts;
- Understanding of due diligence analysis from the perspective of an unsecured fixed-income investor;
- Understanding of relativity and materiality of credit and impact management issues;
- Excellent writing and editing skills;
- Good communication and coaching skills;
- Excellent attention to detail and good with rote processes.
Additional desirable qualities include:
- Understanding of the issues, trends, and operations of community investment loan funds and other sectors of the impact investment field;
- Experience assessing both quantitative and qualitative aspects of organizations.
Submission of Qualifications
Please send statements of qualifications electronically to: Karen Seabury, Director of Ratings at email@example.com.
Statements of Qualifications should include:
- A cover letter stating your interest and relevant experience,
- A full resume or CV, and
- At least two writing samples demonstrating expertise in both financial analysis and written communication.
Search: Quality Standards Manager
Aeris Insight Inc.
400 Market Street Suite 600
Philadelphia, PA 19106
Data Support Contractor
Aeris guides capital to good by working at the intersection of risk and impact to serve the impact investing field. Since 2004, Aeris’ due diligence and data have helped investors source, underwrite, and monitor investments that meet their risk parameters and impact goals. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) obligations, mission-driven charitable foundations, government, private wealth managers, and more.
Aeris’ Community Development Financial Institution (CDFI) data and analysis tools help investors evaluate opportunities that meet their impact goals and risk parameters. More than 60 of the nation’s leading mission investors currently use Aeris’ products and services.
Position Summary and Essential Functions
The Contractor will contribute to the success of Aeris Operations Team’s work, including helping to develop and maintain its industry-first database of standardized CDFI performance data, which is increasing transparency and standardization to drive investment in CDFIs. Work is managed and performed in a standard production environment and process, with key success measures being quality, quantity, accuracy, timeliness, and team work.
The Contractor must be self-motivated in the management and performance of scheduled workloads, and be flexible to work in a team environment in response to changing business needs and priorities. He/she must be able to learn new skills, new content, and new ideas quickly and effectively. Some knowledge of accounting concepts is required; prior experience reading and understanding the financial statements of lending institutions is preferable.
Responsibilities include, but are not limited to:
- Prepare CDFI financial statements for the Aeris Cloud
- Work with Aeris Operations team to understand CDFI financial presentation.
- Prepare CDFI financial statements and performance metrics for Aeris quarterly reporting by mapping data into Aeris’ proprietary Cloud database.
- Proofing and finalizing quarterly financial statements and reported performance data.
- Communicate with CDFIs regarding clarification of materials submitted and requests for additional data.
- Aeris Cloud maintenance
- Orient CDFIs to uploading data and supporting documentation to the Aeris Cloud.
- Load data and documents into appropriate “libraries” on the Aeris Cloud.
- Work with CDFIs to set up their Aeris “library” and financial template on the Aeris Cloud.
- Follow up with CDFIs as necessary to ensure timely upload of quarterly financial statements and performance data.
Education and Experience:
- Bachelor’s Degree and 2-4 years of professional experience is desired, preferably in financial services.
- Strong financial and analytical experience required
- Familiarity with nonprofit financial statements is preferred
- Strong writing and communication experience required
Knowledge, Skills, Responsibilities and Physical Requirements:
- Strong aptitude for working with numbers and financial statements.
- Excellent attention to detail and commitment to accuracy
- Superior professional interpersonal skills
- Ability to work in a timely manner, be self-motivated and take initiative for new projects
- Ability to work both independently and in a team environment is required
- Ability to manage multiple tasks in effective and efficient manner
- Capacity and willingness to learn
To apply, submit a letter of interest and resume to:
Search: Data Support Contractor
Aeris Insight Inc.
400 Market Street, Suite 600
Philadelphia, PA 19106
Women and minorities strongly encouraged to apply