Job Description
Location: Remote, but commuting distance to an RMI office is preferred.
Are you passionate about harnessing innovative technologies, business models, and catalytic capital to fight climate change? Do you love solving challenging problems, thinking in numbers, and working in groups? Are you interested in being a part of a team that is quickly growing and is laser-focused about making the world a better place? If yes, then join our growing team!
Individuals of underrepresented groups are strongly encouraged to apply!
Third Derivative Overview
Third Derivative is seeking an Investment and Fund Partnerships Senior Associate to join our team. A program of RMI, Third Derivative (D3) is accelerating the rate of climate innovation through our inclusive ecosystem approach, which rapidly finds, funds, and scales climate tech globally.
By uniting and aligning committed investors, large corporates, and market and policy experts with the world’s most promising climate tech startups, D3 bridges finance and resource gaps to increase speed to market. Our flexible and highly curated accelerator program enables startups to focus on their unique needs and opportunities.
Today D3’s collaborative ecosystem includes $4T market cap of corporate partners, $7B AUM of investor partners (across five continents), and over 160 startups addressing climate challenges across all major emissions sectors. Together, we are moving markets to achieve a brighter, more equitable climate future.
Third Derivative works closely with 20 leading VC partner funds and a wide network of additional investors. Thus far, our 20 partners have invested over $50M into D3 startups for a total of $600M raised. Third Derivative has also raised $10M in two investment vehicles that are used to offer each startup that is accepted for the program a $100k convertible note.
Now, our high-performance team of climate enthusiasts is growing, and we’re seeking a highly motivated Investment and Fund Partnerships Associate to join us in our mission.
Position Overview
The Investment and Fund Partnerships Senior Associate will help define our capital strategy to support the growth of startups accepted in our accelerator program. The Investment and Fund Partnerships Senior Associate will support D3’s current investment operations while supporting our strategy to define and execute on an additional offering to help climate ventures reach scale, including other types of asset classes (e.g., early-stage project finance, venture debt, revenue-based investing) or more creative approaches to venture finance (e.g., crowdfunding).
Your responsibilities as the Investment and Fund Partnerships Senior Associate include:
-
Support the deployment and management of D3’s accelerator funds ($10M raised thus far across two vehicles)
-
Conduct research to inform and design D3’s capital strategy moving forward, gather data and develop insights that result in actionable recommendations
-
Design and structure new D3 investment vehicles to respond to D3’s startups needs
-
Work with startups in the D3 portfolio to support on their fundraising strategy
-
Fundraise for existing and future investment vehicles and explore opportunities for D3 to work with other capital partners
-
Support D3’s startup selection process and investment thesis development from an investor perspective
-
Work with other D3 teams and streamline data collection from D3 portfolio to better support D3 startups in their fundraising strategy
-
Work with other D3 teams to manage fund partner relationships and ensure impactful collaboration
Minimum Qualifications
-
Undergraduate or graduate degree in an applicable field such as engineering, finance, and/or business with focus on energy and/or sustainability
-
2+ years of relevant work experience
-
Outstanding communication skills for working effectively on teams and clearly communicating results and key takeaways.
-
Strong data-driven decision-making and creative problem-solving skills. Comfort working with uncertainty and unfamiliar disciplines.
-
Experience working among diverse groups with varying perspectives.
Preferred Qualifications
-
Experience with program related investments (PRI) or impact investing
-
Experience with innovative fund structures
-
Experience at or working closely with an investment firm, venture capital or impact fund
-
Experience with project finance, venture debt, and other sources of capital for startups including non-dilutive funding
-
Entrepreneurship/startup experience
-
Relevant network for finding or supporting climate technology innovation
-
Prior experience focused on climate and sustainability is useful but not required
We encourage anyone who is interested in this role to apply, regardless of whether you feel you meet 100% of the qualifications. The top candidates will bring their own unique perspectives, experiences, and backgrounds from a variety of industries along with many but not necessarily all the skills listed above. We offer professional learning and training opportunities to help you develop skills you may not have had the opportunity to cultivate yet.
Location
We are a remote-ready company with team members around the globe. Our beautiful and welcoming offices are available for meetings or focused work, whether you are traveling through or living nearby. Our U.S. offices are in New York City; Washington DC; Oakland, California; Boulder, Colorado, and Basalt, Colorado. This role can be located from anywhere in the continental United States.
We provide you with the essential IT equipment plus a one-time home technology payment and a monthly work from home/commuter allowance to ensure you have a comfortable home office set up and necessary supplies.
We love seeing each other in person! We occasionally gather for shared time together like retreats and learning experiences. Be ready to travel for occasional in-person meetings (and of course, we cover travel costs). Some roles may require more travel, which will be discussed during the hiring process.
Important Note: As a U.S. federal contractor, RMI must comply with requirements outlined Executive Order Ensuring Adequate COVID Safety Protocols for Federal Contractors. This Executive Order requires that all federal contractors and subcontractors mandate and verify that all U.S. based employees are fully vaccinated against COVID-19. If you are based in the U.S., you will be required to provide proof of full vaccination status as a condition of employment. You may request an accommodation for medical or religious reasons. If you are based outside of the U.S., this requirement does not apply.
Compensation
RMI compensates based on the level and requirements of the role. Salary within our ranges may also be determined by your education, experience, knowledge, skills, and abilities, as required by the role, as well as internal equity and alignment with market data. Typically, new Senior Associates based in the U.S. join at a salary range of $84,170 - $103,740. You would also have an additional 5% bonus target!
Benefits
RMI offers a comprehensive benefits package adjusted to regional norms, including (for U.S. employment):
-
Medical, dental, vision insurance
-
403b retirement options (up to 5% match immediately)
-
Life, AD&D, short-term and long-term disability
-
Professional and personal development (including LinkedIn Learning access)
-
Generous paid time off and sick leave
-
Parental leave
-
Flexible working hours
-
Commuter and work from home stipends
Diversity
At RMI, our mission is to build a clean, prosperous, and secure energy future for all. Recruiting, hiring, mentoring, and retaining a diverse workforce that reflects the communities we serve is critical to our success. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
About RMI
RMI is an independent nonprofit founded in 1982 that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions at least 50 percent by 2030. RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; and Beijing.
RMI is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
RMI is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
