Principal, Investment Portfolio Manager

Posted Date: Sep-24-2021

Job ID: 21719

Job Type: Full Time

Job Function: Finance

City: Seattle

State: Washington

Store: Seattle HQ

Remote Eligible: Yes

Please visit the Covid-19 Hiring Updates before applying

What's cool about this job

Diversifying our offerings and vendor base is critical to the long-term success of the Co-op and outdoor industry. To that end, the Ventures team and fund have been created to make progress against these goals.  The Principal Investment Portfolio Manager will be the lead investment professional managing the Path Ahead Venture Fund and in partnership with the accelerator leadership will source, evaluate, negotiate, and recommend investments in support of the fund mission.  The Venture fund program will ensure more culturally responsive offerings by enabling greater economic opportunity and mobility for entrepreneurs and founders of color who have historically and today still face disproportionate barriers to scaling their businesses. This includes developing funding recommendations and governance systems, as well as business agreements with the engaged brands.  Provides quarterly reporting for Investment Committee and board oversight committee.   

The Principal brings a contemporary point of view of equity and inclusion that understands both foundational barriers to social and economic equity and new paradigms for addressing them, taking a learning orientation and co-creative approach to designing and implementing strategies to address issues specific to the outdoor industry.

Leading the Way

  • Identifies and communicates key responsibilities and practices to ensure the organization promotes a successful attitude, confidence in leadership, and teamwork to achieve business results.
  • Supports the implementation of company programs, procedures, methods and practices to promote REI key messages.
  • Challenges and inspires employees to achieve business results.
  • Ensures employees adhere to legal and operational compliance requirements.
  • Oversees training and development of employees directly and indirectly managed and makes effective staffing decisions.
  • Conducts and ensures the completion of performance reviews.
  • Provides coaching, direction and leadership support to employees in order to achieve department, company and customer results.
  • Establishes and maintains visibility within the department.
  • Monitors operational statistics, reports trends, variances and issues, and takes appropriate action.

Planning & Navigating

  • Oversees deal sourcing and pipeline development, market analysis, due diligence, financial assessment/screening, deal structuring and recommend startup investments to achieve Path Ahead impact and financial goals.
  • Leads discovery and analysis of emerging themes to guide thesis development and articulation
  • Accountable for portfolio management of Path Ahead fund
  • Develops metrics and reporting requirements to monitor and manage financial performance and impact. Refines data and reporting from portfolio companies to deliver quarterly insights to Investment Committee, board oversight committee and Accelerator team.
  • Author’s investment memos and champions investment opportunities in presentations to executive leadership and Investment Committee
  • Assists portfolio companies in connecting with appropriate internal teams, external experts, talent and additional investors.
  • Participates in Accelerator fund program, conferences and panels as investment expert and mentor.
  • Understands REI mission and business as well as industry, competitive landscape and trends and resulting opportunities related to the investment program
  • Builds network and nurtures relationships with co-investors, including VCs and other CVCs, as well as industry and affinity communities
  • Manages portfolio of investments, including working closely with portfolio companies to help grow their businesses and serving in board director or board observer seats as required
  • Builds a pipeline of BIPOC-owned businesses, to support the Co-op in delivering REI’s REDI (Racial Equity Diversity and Inclusion) commitments to increase BIPOC-owned brands and diverse suppliers in our assortment and industry.
  • Contributes perspective, insights and knowledge to support the organization’s broader REDI strategy; takes a balanced consultative and systemic approach to enable the organization to advance work through strategic and tactical/operational execution.
  • Serves as a thought-leader for macro, consumer, market, societal and community insights, synthesizing trends and identifying opportunities and risks that will influence program direction and strategic decisions.
  • Oversees quantitative and qualitative analyses with insights about the market, industry, vendors, key competitors and customers to be used as key inputs in business development.

Bring your passion and expertise

  • Minimum 6-8 years overall business experience (preferably 8 years) with 4+ years in investment banking, private equity investing, venture capital or corporate venture capital
  • B.A./B.S. (finance, economics); MBA preferred
  • 3+ years people leadership experience preferred
  • Proven and quantifiable track record of success on prior venture and/or innovation deals, from ideation and sourcing to execution
  • Demonstrated quantitative ability, knowledge of statistics, financial modeling and superior analytical skills coupled with a strong track record of high achievement and growth in responsibility
  • Strategic, big picture, quick thinker and intellectually curious problem solver with proven experience in establishing thought leadership, vision and goals; developing strategic and annual plans
  • Demonstrated ability to communicate effectively at a senior level, in both verbal and written forms, with strong interpersonal skills to develop and maintain both internal and external relationships
  • Strong network within the venture community preferred
  • Proven ability to work in a fast-paced, changing environment, and effectively manage and meet multiple, simultaneous deadlines with minimum assistance
  • Strong cross cultural and interpersonal skills with proven ability to successfully approach, build trust and relationships, and negotiate across multiple cultures, markets, communities, and leadership levels
  • Makes effective organization and people decisions in a manner consistent with REI's values and ethics.
  • Consolidates information from various sources including feedback from others to reach sound business cases & decisions.
  • Considers the ultimate impact of decisions and actions on internal and external customers.
  • Mission Driven: care deeply about the impact, goals, and overall values of the co-op.

At REI we offer an enviable work environment that Fortune Magazine has recognized on the "100 Best Places to Work" list since the award's inception – 23 years in a row! Sure, we work hard, but it’s balanced with time off to play—a strategy that works for us as we continue to grow and thrive. Want to enjoy a workplace where you can be yourself, be heard and be respected while having a job that challenges you? This is the place.

With more than 160 retail locations (and growing), REI offers unique competitive benefits to its more than 15,000 employees, including healthcare, gear and apparel discounts, free equipment rentals and challenge grants to help employees reach personal outdoor goals, generous retirement plan contributions, public transit subsidy, adoptions assistance, paid sabbaticals, and more.

REI is an Equal Opportunity Employer

ARTICLE 23-A, Section 753

§753. Factors to be considered concerning a previous criminal conviction; presumption.

1. In making a determination pursuant to section seven hundred fifty-two of this chapter, the public agency or private employer shall consider the following factors:

(a) The public policy of this state, as expressed in this act, to encourage the licensure and employment of persons previously convicted of one or more criminal offenses.

(b) The specific duties and responsibilities necessarily related to the license or employment sought or held by the person.

(c) The bearing, if any, the criminal offense or offenses for which the person was previously convicted will have on his fitness or ability to perform one or more such duties or responsibilities.

(d) The time which has elapsed since the occurrence of the criminal offense or offenses.

(e) The age of the person at the time of occurrence of the criminal offense or offenses.

(f) The seriousness of the offense or offenses.

(g) Any information produced by the person, or produced on his behalf, in regard to his rehabilitation and good conduct.

(h) The legitimate interest of the public agency or private employer in protecting property, and the safety and welfare of specific individuals or the general public.

2. In making a determination pursuant to section seven hundred fifty-two of this chapter, the public agency or private employer shall also give consideration to a certificate of relief from disabilities or a certificate of good conduct issued to the applicant, which certificate shall create a presumption of rehabilitation in regard to the offense or offenses specified therein.