Job Description

About the Position

As an investor and a nonprofit, Prime steers capital toward addressing climate change by creating and implementing impact-first investment programs targeting acute capital gaps and well-defined impact thresholds. Each of Prime’s catalytic investing programs has three investment criteria: impact potential, additionality, and bridge to somewhere.

This role may be an Associate or a Senior Associate depending on level of experience. The Associate will play a leading role in conducting rigorous, quantitative impact potential assessments for climate solutions under investment consideration for investment by Azolla Ventures. During pre-investment diligence, the Associate will become familiar with the solution in collaboration with the investment team, conduct desk research and expert interviews, and construct quantitative models to determine whether the climate impact potential passes Prime’s threshold. After an investment is made, the Associate will contribute to impact monitoring and management by establishing climate impact milestones and targets that will keep each portfolio company on track to achieving large-scale climate impact. This is a tremendous opportunity to join a growing team at the leading edge of impact-first investing in climate solutions and actively advance impact assessment methodologies and designs.

The Associate will report to the Director of Impact, working closely with all members of Prime’s team and representing the organization externally. The Associate will embody Prime’s values of care, additionality, humility, tenacity, and collective abundance, while relentlessly evangelizing Prime’s mission.

Application Deadline: March 3, 2024

Job responsibilities include but are not limited to:

Impact Assessment for Investment Screening (70%)

• Liaise with the investment team at Azolla Ventures during the diligence process as Prime’s impact representative. Attend and lead calls with companies under investment consideration.
• Lead research on the greenhouse gas impact potential of climate solutions. Conduct desk research and expert interviews to understand their unit impact and market potential.
• Build quantitative models of climate solutions’ impact potential, including scenario analysis and sensitivity analysis.
• Create written reports on findings from the quantitative impact potential assessments, and present assessment findings to Prime’s Mission Alignment Committee.
• Assist fellow Prime impact team members on assessing additionality for Azolla Ventures as well as GHG impact potential for Prime’s Trellis Climate program for Early Climate Infrastructure.

Post-Investment Impact Management (20%)

• Establish climate impact milestones and targets for new investments by Azolla Ventures, based on quantitative impact potential assessment results.
• Assist with the on-going tracking of Azolla portfolio’s progress towards climate impact milestones, as well as the adjustment of impact milestones when needed.
• Assist with semi-annual impact reporting.
• Assist with climate impact milestones setting and maintenance for other program(s).

Impact Methodology (10%)

• Serve as Prime’s in-house expert on climate impact assessment methodology, and continue to explore areas to further advance the methodology
• Participate in Project Frame content development

Shared Expectations

• A commitment to Prime’s mission and values
• Assertive ally for racial equity, diversity, and inclusion
• Active participant in diversity, equity, inclusion, and belonging training
• Collaborative with a sense of humility
• Intrinsic, driving motivation to mitigate climate change
• Self-motivation and flexibility
• Willingness to be a productive member of a team, respecting differences while working toward shared goals

Qualifications

Education & Experience

• Undergraduate degree, graduate-level degree preferred
• Working knowledge of climate solutions, physical / chemical / biological sciences, economics, and business
• Experience with impact assessment and understanding of impact frameworks (preferred)
• Proven skill at quantitative modeling in Microsoft Excel or similar (required)
• Experience with programming languages e.g. Python (preferred)
• Proven ability to work across IT platforms (G Suite, Slack, Zoom, Asana, etc.)
• Proven ability to manage external business communications with utmost professionalism
• Able to work independently with limited supervision

Core Skills

• Ability to quickly learn and absorb new information, especially deeply technical / scientific information
• Exceptional research skills; ability to source and interpret scientific and economic research
• Strong critical thinking and reasoning skills
• Strong quantitative modeling skills
• Strong writing and verbal communication skills
• Strong interpersonal skills
• Exceptionally organized, detail oriented, and methodical
• Collaborative and team-oriented
• Self-starter, curious, and creative
• Assertive ally for racial equity, diversity and inclusion
• Intrinsic, driving motivation to solve climate change
• Appreciation of technical and societal complexities around climate solutions

Not sure you meet 100% of our qualifications? Research shows that men apply for jobs when they meet an average of 60% of the criteria. Yet, women and other people who are systematically marginalized tend to only apply if they meet every requirement. If you believe that you could excel in this role, we encourage you to apply. We are dedicated to considering a broad array of candidates, including those with diverse workplace experiences and backgrounds. Whether you’re new to the field, returning to work after a gap in employment, simply looking to transition, or taking the next step in your career path, we will be glad to have you on our radar. Please use your cover letter to tell us about your interest and what you hope to bring to this role.

How to Apply

Job Types: Full-Time. Salaries: 80,000 - 100,000.

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