Investment Associate

Investment Associate Location: Remote; preference for Western US

• Reports to: Director of Investments

Salary: $100k to $110k depending on experience Travel: Approximately 10-20%; tailored to project responsibilities Priority Application Deadline: January 23rd, 2026 Preferred Start Date: March 15th, 2026 Employment Status: Full-time

About Blue Forest:

Blue Forest is a conservation finance non-profit founded in 2015 that is focused on advancing ecosystem restoration through scientific research, financial innovation, and collaborative partnerships. Since 2018, Blue Forest has managed investor capital through its flagship financial product, the Forest Resilience Bond (FRB), which deploys private capital to finance forest restoration projects to reduce the risk of catastrophic wildfires.

More recently, Blue Forest established Blue Forest Asset Management (BFAM), an investment management platform connecting investors to compelling, mission-aligned private equity and private credit investment opportunities. BFAM’s first investment fund, the California Wildfire Innovation Fund, invests in emerging opportunities across the forest restoration and wildfire mitigation sectors. Building on the success of its first fund, Blue Forest now seeks to expand this impact investing model to support forest stewardship value chains more broadly.

Blue Forest is made up of an interdisciplinary team of scientists, engineers, foresters, finance, and communications professionals committed to the mission: “To accelerate ecological restoration through conservation finance, enabling climate resilience for ecosystems and communities.”

Employees at Blue Forest are:

Committed to Continuous Learning

• Driven by Collaboration

Thoughtful Innovators for Impact Grounded in Science Passionate about Restoring Earth’s Ecosystems Position Summary We are seeking a dynamic Investment Associate to join our Blue Forest Asset Management team. The Investment Associate will support investment transactions, portfolio management, and new fund development. This role requires relentless attention to detail, excellent analytical skills, and the ability to work independently on multiple projects simultaneously. Workstreams include market research, financial modeling, and qualitative and quantitative analytical support across various areas such as private markets investments, portfolio and asset management, and impact and investor reporting. The primary goals of this position at Blue Forest include: (1) evaluating investment opportunities for BFAM, and (2) contributing to the growth of BFAM as a leading specialist investment platform.

Responsibilities & Duties:

Investment Due Diligence and Financial Modeling (50%)

• Perform detailed financial analysis of investment opportunities, including building and populating accurate and dynamic financial models in Microsoft Excel

Screen potential investments and write concise analytical memos and present findings to internal audiences, primarily the Investment Committee

• Plan and lead investment due diligence, including market research, reviewing third-party consultant reports, legal document review, and financial due diligence broadly
• Coordinate Blue Forest’s impact strategy for its investments, including impact quantification efforts

Ongoing Investment Management (20%)

• Coordinate ongoing payment flows, such as loan drawdowns, interest payments, etc. (including with third-party service providers as relevant)
• Monitor covenants and other operational elements of deals
• Build and maintain financial models as inputs into the Blue Forest portfolio management function
• Contribute to investor reports and other Blue Forest collateral

Investment Product Development (20%) Explore new private markets investment products and opportunities via market research, landscape analysis, and stakeholder engagement

• Conduct fund financial modeling, prepare materials such as pitch decks and data rooms, and support investor relations for new fund development and capital raising processes

Financial Systems and Processes (10%) Continuously improve BFAM Investment team policies, procedures, and playbooks

• Execute key portions of business processes, including budgeting, fund portfolio management, and ongoing investment management
• Create and maintain systems, trackers, and processes for the Investment team

Desired Skills and Qualifications:

Blue Forest will prioritize the following qualifications in the hiring process; however, we only expect candidates to fulfill some criteria and encourage all interested candidates to apply.

Minimum 2 years in investments and/or financial analysis experience, with experience in some or all of the following areas required:

Private equity, private credit, venture capital, structured finance, or project finance; Forest products, bioenergy/biofuels, or other forestry- and natural-resource adjacent sectors. Robust financial modeling and Excel skills are a must! Preference for experience with both investment and fund modeling

Clear written and verbal communication; ability to translate complex analysis and financial information into concise memos and presentations

Experience with investment transactions, including sourcing, due diligence, modeling, and closing:

Willingness and ability to travel throughout the Western US, including in rural and hard-to-reach areas Exposure to fixed-income investments and/or forestry and climate finance is a plus

• Demonstrated interest in and commitment to environmental conservation and climate resilience

Benefits:

100% employer-paid health, dental, and vision coverage; subsidized coverage for dependents Access to a 401(k) retirement plan with a 5% employer match 4 weeks paid vacation and 17 paid holidays; paid sick time and volunteer time 3 months of paid family leave Employer-paid life and long-term disability insurance

Access to Dependent Care FSA and Health FSA Public Lands Exploration stipend (reimbursements for visits to National Forests, county parks, etc.) Monthly Home Office stipend or co-working space provided Dependent care costs are subsidized for business travel Additional stipends for health & wellness, home internet, and cell service

Financial support for professional development Additional Information Blue Forest is a fully remote company with staff located across all four continental U.S. time zones. This job is remote; however, due to required travel around the Western United States, there is a preference for a candidate based in the Western US. Blue Forest also hosts an in-person team retreat each year.

HOW TO APPLY:

To apply to this position, please submit a resume and cover letter for your application through Recruitee. People from historically underrepresented populations and candidates with non-traditional career paths are especially encouraged to apply. If participating in the interview process would require you to incur additional expenses to participate, such as childcare, please let us know, and we are happy to reimburse for reasonable expenses incurred up to $30/hour for twice the length of each interview in which you participate. There will be space to request this reimbursement upon offer of an interview.