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.

About the role

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.

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. This role is designed as a senior individual contributor and is not currently envisioned as a people management role.

Based in New York, this is a hybrid 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

Pay

The pay range for this position is $134,000-$154,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location.

Benefits

• Comprehensive total rewards package, including annual performance bonuses and generous paid leave programs
• Dental, health, and vision care plans
• Family-building benefits such as adoption and surrogacy support
• Flexible work arrangements to promote work-life balance
• Health advocacy, Employee Assistance Program (EAP), and mental health benefits
• Financial education and wellness programs
• Auto-enrollment in the company’s 401(k) plan with employer matching contributions
• Learning and development opportunities, including tuition reimbursement for job-related courses and certifications