Director, Innovation Fund

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 (StratOps) 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. StratOps 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 decisions by senior leadership, presenting decision-ready recommendations   Monitor the fund’s portfolio on an ongoing basis against the RAF criteria on which each investment was approved — tracking performance across financial, mission, risk, and other dimensions to assess whether initiatives are delivering   Provide portfolio-level reporting and analytics to senior leadership   Ensure funded initiatives are integrated into the Enterprise PMO’s portfolio reporting and tracked consistently for execution   Qualifications   7–10+ years of experience in impact investing, mission finance, strategic finance, or resource allocation   Strong analytical capabilities (financial modeling, scenario analysis, risk assessment)   Experience supporting investment decisions or capital allocation   Entrepreneurial mindset — energized by operationalizing and continuously improving an early-stage framework, and comfortable operating in a function that is still taking shape   Ability to synthesize quantitative and qualitative inputs into decision-ready recommendations   Experience working across multiple stakeholders in complex environments   Experience designing or operating governance processes, investment frameworks, or portfolio-level systems strongly preferred   Strong communication  and executive presentation skills, with proven ability to engage and build trust with senior leaders   High judgment and adaptability, with the ability to  operate  in ambiguity and across multiple workstreams in a fast-paced environment   Advanced  proficiency  in Excel and PowerPoint, with the ability to build financial models and produce executive-ready analysis and materials   Proficiency  using AI tools to work more efficiently and elevate the quality of outputs   Salary Transparency   You will be joining a team of talented professionals motivated by serving the com