Finance Associate, Fund Operations

About us:

Kiva is a global nonprofit, founded in 2005, with a mission to expand financial access and help underserved communities thrive. Kiva unlocks capital for borrowers through crowdfunded loans supported by individuals around the world. Lenders on Kiva can start with as little as $25 to support causes that matter most to them, whether that's gender equity and support for women, refugees, climate change, small businesses, agriculture, and more. Since our founding, over two million people have invested over $2 billion in real dreams and real opportunity, spanning more than 100 countries and over 5 million borrowers.

As we work toward our mission, Kiva invests in building and retaining a global team of talent to add to our values-driven and digital-first culture. Our organization is supported by over 700 volunteers and 130+ full time employees dispersed around the world, as well as within team hubs located in San Francisco, Nairobi, Bogota, and Bangkok. Kiva's team is growing as we pursue exciting new opportunities to scale our impact and create a financially inclusive world.

Impact first - This is why we exist. This is the drumbeat we march to. Every day.

Extreme ownership - Own it; you, your relationships, your impact. Insist that others support you and hold you accountable.

Be curious and bold - Never stop learning. Question assumptions. Take Risks and dream big.

Inclusion. Equity. Diversity. - Without reservation and without caveat. In our hiring, in our workplace and in our impact in the world.

Honor and integrity - Do the most right thing in the most right way. Cherish diversity and respect each other.

Love and kindness always - Say what you mean. Mean what you say. And don't say it mean. Clarity. Courage. Kindness.

Role overview:

The Finance Associate, Fund Operations on the Kiva Capital Fund Operations Team will provide operational and financial support for the innovative, impact-first, investment funds of Kiva Capital Management. As a member of the Kiva Capital Team, you will work directly alongside a team of deeply experienced Asset Management Professionals to help institutionalize and launch impact investment funds. This role reports to the Senior Director of Finance, and provides direct exposure to the world of Impact Investing, Fund Management, Operations, Finance and Accounting. You will be involved in many aspects of fund accounting, fund administration, loan administration, treasury management, risk, and investor relations. This is an ideal position for someone with a background in finance, economics, accounting, and investing who is looking to gain valuable experience in the finance and operations' departments of the asset management and impact investing industries.

At this time, we can only consider applicants with authorization to work in the U.S or Colombia on a permanent, full-time basis; unfortunately, we cannot provide visa sponsorship.

Key responsibilities include: 

California Rebuilding Fund Operations and Reporting

• Be the lead liaison for the California Rebuilding Fund by working closely with all stakeholders (CDFI, investors, Governance & Allocation Committee, legal) on a continuous basis
• Prepare, review and coordinate the monthly performance file process with partner Community Development Finance Institutions (CDFI)
• Assist with the quarterly reporting process 
• Financial Statement review
• Quarterly reporting (financial, impact, compliance etc)
• Coordinate the bi-annual Kiva-Donor Advised Fund (K-DAF) meeting for relevant parties

Treasury Management

• Assist in the creation of bi-weekly cash projections for the funds 
• Prepare monthly courtesy and final invoices for fund borrowers
• Review and book all payments and expenses for the funds in banking systems and fund models
• Coordinate with fund administrator for timely Investor payments
• Collect and store all bank statements for the funds on a monthly basis
• Review bank accounts and assist with cash allocation for optimal cash management

Finance Operations

• Report the funds monthly revenue for Objectives and Key Results (OKRs) and Finance tracking
• Prepare and send balance confirms on an ad hoc basis
• Support the Kiva Capital Management (KCM) team with Salesforce support
• Coordinate with KCM team for policy and procedure maintenance on ad hoc basis

Key Stakeholder Support

• Coordinate with the fund administrator on audit, treasury, finance, and operational matters
• Assist on tax and audit requests across the Kiva Capital funds

Preferred qualifications:

• 4+ years of relevant (Finance, Economics, Accounting, Business) professional or educational experience.
• Strong interpersonal, verbal, and written communication skills; disciplined, detail-oriented, and accountable, with the ability to capture detailed processes and communicate in an accessible manner to a range of stakeholders 
• Ability to deliver results on multiple priorities simultaneously with excellent time management skills
• Proven aptitude for process discovery, definition, and documentation
• Demonstrated financial acumen and understanding of private markets
• Experience in the design and implementation of impact investment fund products a plus
• Understanding of Impact Investing framework a plus
• Autonomous, entrepreneurial, and self-motivated. Effective while working remotely
• Demonstrated commitment to Kiva's commitment to financial inclusion
• Advanced proficiency in Excel and PowerPoint (or Google Sheets and Slides)

What we offer:

• A work-from-home position; final candidate must be authorized to work in the U.S. or Colombia.
  
• An opportunity to improve real lives, solve hard problems, and change the world
• Friendly, supportive, and adventurous environment with a team of engaged colleagues
• A comprehensive, industry-leading benefits package including health, dental, and vision insurance, parental leave, professional development, and unlimited PTO. Some of these benefits have eligibility requirements. Many of these benefits are subsidized or fully paid for by Kiva.
• Opportunities to connect with and learn from colleagues and partners around the world
• U.S Salary range: $51K - $63K; a final offer will be dependent upon a candidate's location, skills, and experience. 
• For those based in the U.S., currently, we are not open to working from home employees residing in the following states: AL, AK, DE, HI, IN, KY, MS, MO, NE, NM, ND, OK, RI, SC, SD, VT, WV, WI, and WY

A diverse and inclusive workplace where we learn from each other is an integral part of Kiva's culture. We actively welcome people of different backgrounds, experiences, abilities, and perspectives. We are an equal opportunity employer and a great place to work. Join us and help us achieve our mission

We will only accept applications directly from candidates. Kiva will not be responsible for any recruiting agency fees, absent a formal agreement.