Director, Innovation Fund

Location: New York

## Director, Innovation Fund Apply locations:
New York, NYtime type:
Full time posted on:
Posted Todayjob requisition :
REQ
4007

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org  
** Working at Enterprise
** At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
** Job Description Summary
** Strategy & Operations (Strat Ops) is a newly established function within the Office of the Chief Operating and Financial Officer (COFO). It helps Enterprise prioritize, resource, govern, and deliver its most important cross-divisional work — bringing together project management, portfolio management, execution, and resource allocation in one place, without replacing division or Shared Services ownership. Strat Ops focuses the organization on a defined set of strategic priorities that require coordination, tradeoffs, and sustained execution.
**** Job Description
**** It has three areas of focus:
* ** Enterprise PMO:
** Leads enterprise prioritization and portfolio management, drives implementation of the Strategic Plan, and leads enterprise-wide special projects
* ** Innovation Fund:
** Governs how Enterprise invests capital from an internal innovation fund to bring its most promising mission-driven ideas to scale
* ** Shared Services PMO:
** Provides portfolio management, project management, and execution support across Enterprise’s corporate Shared Services functions — such as Finance, Treasury, IT, and Enterprise Risk Management Based in New York, this is a hybrid role. The Director, Innovation Fund leads the Innovation Fund vertical within Enterprise’s new Strategy & Operations function. The vertical oversees an internal innovation fund that provides grants or concessionary capital to the most promising mission-driven initiatives that surface from within Enterprise, helping bring our best ideas to scale.

This role administers Enterprise’s Resource Allocation Framework (RAF) — the process that governs how this capital is evaluated, allocated, and tracked. The Director guides initiative sponsors seeking funding through the RAF process — leading them through intake, diligence, and evaluation — and prepares clear, decision-ready analysis so that senior leadership can make well-informed capital allocation decisions. The role is responsible for operationalizing the RAF, running it day to day, and continuously improving its framework, tools, and governance as the fund matures.

We are looking for an entrepreneurial leader who is energized by taking an early-stage capability and making it work in practice.

* Note:

This role is designed as a senior individual contributor and is not currently envisioned as a people management role.
*** Responsibilities
* ** Administer, operationalize, and continuously improve the Resource Allocation Framework (RAF) that governs how investments are made from an internal innovation fund
* Build the tools, templates, processes, decision-support materials, and ongoing governance that support the RAF
* Guide program owners seeking funding for their initiatives through intake, due-diligence review with other functional groups, and evaluation of funding requests
* Facilitate financial and strategic analysis to support evaluation and decision-making
* Facilitate investment-approval…