Director, Lumina Impact
: Finance and
Indianapolis, Indiana; Washington, D.C.; (with an ability to be in
$100k - $110k (final
pay commensurate with experience)
but are not limited to Health Insurance (medical, dental and
vision), 401(k), Pension, Vacation and Sick Time, Paid Leave, 100%
Employer Paid Group Life and Long-term Disability
Imagine learning that’s accessible, lifelong, and
prepares everyone for a global future. To realize this vision,
Lumina Foundation works to ensure 60 percent of adults will have a
college degree, certificate, industry certification, or other
credential of value by 2025.
Lumina Foundation is an independent, private
foundation in Indianapolis that works in partnership with education
and business leaders, civil rights organizations, policymakers, and
individuals who want to reimagine how and where learning
In its first five years, Lumina Impact Ventures (LIV)
has supported the Foundation’s mission primarily by making direct
equity investments in start-up for-profit companies. It has made
fourteen direct equity investments in seed stage education
technology companies. Today a portfolio of twelve companies
provides a range of student supports in two-year and four-year
institutions or promotes training for employer-aligned
Recent changes to the LIV strategy include using a
racial justice and equity lens through which LIV assesses all
potential investments by seeking investment opportunities that: aim
to benefit marginalized populations; and are made in partnership
with Lumina program staff. LIV will support the work of for-profit
companies, nonprofit organizations and funds (both for-profit and
nonprofit) through the deployment of a broader range of investment
tools, such as: direct debt; direct equity; fund debt; fund equity;
guarantees; and cash.
In collaboration with the CFO and Director, Lumina
Impact Ventures (LIV) along with an outstanding team of colleagues,
associates, consultants and external partners, the Impact Investing
Officer will support LIV’s investment capacity. With a goal of
catalyzing and accelerating the adoption of innovative financing
structures in the postsecondary learning space, the Impact
Investing Officer will help to develop and implement new capital
strategies and tools in service of Lumina Foundation’s mission.
Investment Project Management, Due Diligence, and
Collaborate closely with foundation strategy,
investments, finance and grant management teams as partners to
identify and evaluate impact investing opportunities aligned with
the Foundation’s strategic priorities and LIV’s recently updated
Support the financial and social/mission due
diligence on potential investments and grants, either independently
or in conjunction with outside consultants. Prepare presentation
materials (with the Director) on operational and strategy decisions
for the LIV Investment Review Committee.
Provide support with structuring, underwriting and
negotiating the terms of new transactions suitable for investment
by Lumina Foundation.
Support the monitoring and quarterly reporting on
Lumina Foundation’s portfolio of impact investments.
Support development and institutionalization of an
operational infrastructure for Lumina’s impact investing
activities, improving, and documenting operational management
systems, processes and best practices.
Innovative Finance Strategy
Work in collaboration with Lumina’s strategy teams
to design, test and implement new financial mechanisms (direct
loans, co-funding, etc.) that support programmatic
Support CFO, Director of LIV, and Director of
Investments on developing and actualizing an analytical framework
to advance the Foundation’s commitment to aligning assets with
Lumina’s equity imperative.
Work with the Director, LIV and program colleagues
to cultivate partnerships with a wide range of stakeholders such as
foundations, corporate venture / social responsibility divisions,
fund managers and others to leverage capital, innovation, and
technology to advance the Foundation’s mission.
Represent Lumina Foundation on panels and other
speaking engagements at conferences and seminars on topics related
to impact investing (focus on education) and innovative
Work on other priority areas as identified by the
Education and Experience
Bachelor’s degree required; advanced degree
Demonstrated professional experience in the
impacting investing, private equity, strategy consulting,
education/postsecondary or financial services’ industries. Specific
experience would ideally include:
Technical experience of a blend of direct lending,
credit risk analysis, formal credit training, principal investing
and working effectively with multiple sources of capital (e.g.,
commercial bank debt, philanthropic capital, grants) to structure
Knowledge of social sector finance and
Proven strong collaborator with a positive approach and
Strong analytical and strategic mindset.
Highly skilled at planning, organizing, and following through,
particularly with regard to complex, multidisciplinary project
Interest in, and some knowledge of, the economics of
postsecondary education and the issues affecting low‐income and
underserved students from multiple perspectives.
Influential, persuasive written and presentation skills; able
to synthesize complex information, and translate a financial
instrument’s approach, risks and rewards for non‐financial decision
Superior interpersonal skills with an ability to manage and
work in teams and to interact constructively with diverse
constituents and colleagues.
Proactive, high energy, entrepreneurial and consultative
problem solver who exhibits sound judgment, and a deep commitment
to, and passion for, Lumina’s mission.
Creative and adaptable, while also being organized and precise,
with strong attention to detail.
Good sense of humor and teamwork essential.
Work Environment and Physical
Work is performed in an office environment, mostly
Visual and auditory acuity for extensive use of various forms
Travel approximately 30-40%, including overnight stays.
This Position Summary is only a summary of the
typical job functions, not an exhaustive list of all possible
responsibilities, and may be subject to change at any time due to
reasonable accommodation or other reasons.
How to Apply
Lumina Foundation is an Equal Opportunity Employer
and is partnering with Viewcrest Advisors on this search. Please
send your resume and an initial cover letter in non-PDF
format; your cover letter should include a description of how your
skills and professional experience fit this position.
December 9, 2021
Viewcrest Advisors is committed to social justice and
access to opportunity, and actively cultivates relationships with
individuals who have varied life experiences as well as the skills
needed to lead strong, innovative programs and organizations. In
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