Description
The Director of Place Based Investments oversees place-based investments across Intermountain Health's service areas and reports to the VP of Community Health with a dotted line to the Chief Investment Officer.
This leader engages with community leaders and Intermountain Health executives, including borrowers, applicants, and various external organisations.
The leader manages Intermountain Health's place-based investment program, working with departments like System Treasury, Legal, Philanthropy, Community Health, and Finance to provide strategic direction.
This role is preferably based within the Intermountain market areas (Utah – preferably in the Salt Lake area, ID, NV, MT or CO) to strengthen collaboration, visibility, and alignment with enterprise initiatives.
Essential Functions
- Designs and implements an effective place-based investment program that is focused on supporting Intermountain's initiatives and priorities to address social determinants contributing to poor health.
- Designs a strategic framework to ensure alignment with system and geographic Community Health Needs Assessments and system priorities and key performance indicators related to health improvement.
- Stays current with industry best practices and innovations around place-based investing as a tool for community health improvement.
- Develops strategies and tools to assess the risk and return on investment for place-based investing.
- Activates the community health team and geographic leaders around sourcing opportunities.
- Stays current with legal, tax, accounting, investment, and regulatory requirements associated with place-based investing; complies with these requirements; and protects the reputation and financial assets of Intermountain allocated for place-based investing.
- In collaboration with marketing or communications, develops communication and educational materials that support place-based investment activities and promotes and communicates Intermountain’s investment in our communities through place-based investing.
- Upholds the best interests of Intermountain by adhering to the highest standards of ethical conduct and acting consistent with the values and mission of Intermountain.
- Establishes partnerships with other funding or investing organisations within Intermountain Health's service area and nationally.
- Seeks opportunities to increase the knowledge of Intermountain's management and system and local boards regarding Intermountain's place-based investment initiatives.
- Builds a sourcing pipeline and identifies investments for consideration that will provide both a financial return and a social determinant of health impact, improving the health and well-being of the community.
- Builds and maintains a strong network of local place-based investing partners, including financial institutions and Community Development Finance Institutions (CDFI), and manages the application process.
- Coordinates requests and applications for investment funds by external organisations.
- Reviews proposals and credit memos and oversees due diligence for recommended investments.
- Develops new place-based investment strategies and policy initiatives to guide the program.
- Serves as staff liaison and support for governance activities and approvals as needed.
Benefits
- Participate in the Annual Pay for Performance (AP4P) Plan
- Generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness
Requirements
- Bachelor's Degree in business administration, finance, or accounting required. Master's Degree is preferred.
- Demonstrated track record of financial and communication skills, partnership development, and working successfully with community-based organisations.
- Outstanding verbal and written communication skills and financial skills.
- Ability to work closely with diverse groups of internal and external constituents to foster partnerships and to achieve program goals within a large, diverse organisation.
- Strong organisational skills and commitment to provide high-quality services.
- Strategic thinking skills with the ability to consider long-term goals and assess options and their implications.