About McConnell Foundation

The McConnell Foundation is a private Canadian foundation dedicated to fostering a resilient, inclusive, and sustainable society capable of addressing complex challenges. Established with a mission to drive meaningful change across Canada, the Foundation supports diverse and innovative approaches to address community resilience, reconciliation, and climate change through strategic funding and investment partnerships. The Foundation operates through multiple strategic channels including direct funding, impact investment partnerships, convening stakeholders, advocating for systemic change, and collaborating across the public, private, and non-profit sectors. This multifaceted approach reflects the Foundation’s commitment to creating lasting, systemic impact on critical societal issues. The organization is actively building a 100% impact investment portfolio while implementing its Net Zero Carbon Action Plan, demonstrating its commitment to environmental sustainability and responsible investing practices. The Foundation’s work is guided by core values emphasizing equity, diversity, inclusion, and reconciliation. The organization actively seeks to build a team that reflects its mission and welcomes applications from Indigenous people, Black people, racialized people, women, non-binary and gender-nonconforming people, members of the 2SLGBTQQIA community, people with disabilities, and newcomers to Canada. This commitment to inclusion extends to all aspects of the Foundation’s operations and culture.

About this Role

The Investment Associate plays a critical role within the Investments Department, supporting the Foundation’s strategic objective of building a fully impact-focused investment portfolio.



This position combines hands-on investment management with analytical and reporting responsibilities, contributing to both the financial and social/environmental impact objectives of the Foundation’s investment activities. The successful candidate will join a agile investment team that manages a diverse portfolio of impact investments while maintaining rigorous financial standards and impact measurement protocols. The role requires balancing multiple competing priorities across portfolio management, due diligence activities, impact assessment, and comprehensive reporting to various internal and external stakeholders. The Investment Associate will work closely with senior investment staff, portfolio fund managers, and leadership committees to ensure investments align with the Foundation’s mission and financial objectives. This position offers the opportunity to contribute to the advancement of impact investing in Canada and internationally while supporting the Foundation’s commitment to climate action and community resilience. The role is structured to provide exposure to all aspects of impact investment management while allowing for professional development and growth within the investment sector.

Responsibilities

- Manage a portfolio of investments, including building and maintaining relationships with portfolio fund managers,



and monitoring and evaluating financial and impact performance of investments
- Assist in all aspects of investment sourcing, research, due diligence, and completion of investment transactions
- Review management fee invoices, expense reports and payables
- Oversee operational transactions, account balances and correspondence for a portfolio of investments
- Support the Investment Team in further developing and delivering its approach to impact reporting across several internal and external stakeholders and products, such as McConnell’s Annual Report and Impact Report
- Contribute to annual carbon emissions assessment and annual UNPRI reporting
- Assist in the preparation and presentation of quarterly investment reports for the Impact Advisory Committee, the Investment Committee, and the Board
- Collaborate with all members of the investment team to drive optimum impact and effectiveness
- Support the growth of impact investing in Canada and internationally by liaising with external partners and stakeholders
- Develop and recommend enhancements to investment portfolio performance measurement from both financial and impact perspectives
- Assist with compliance and support in preparing for the annual audit, regulatory filings and investment accounting

Requirements

- Bachelor’s degree in relevant discipline, such as finance, economics, or sustainability
- Three to six years of progressive experience in investment management
- Meaningful or concrete experience and interest working in impact investing, social finance, ESG, responsible investing, and systems thinking
- Bilingualism in English and French at a minimum B2 proficiency level
- Proficiency with standard workplace technologies and software app

📌 Investment Associate (Toronto)
🏢 ImpactAlpha
📍 Toronto