Portfolio Management Officer

Innpact is the first certified B Corporation in Luxembourg. We recruit people who believe in finance as a force for good to support sustainable impact finance initiatives aiming at solving social and environmental issues. Our talents are passionate about impact finance and have very high ethical standards.

Based in Luxembourg and active globally, we provide specialised impact finance consulting services and fund management services to numerous impact finance initiatives. Innpact has supported the establishment of impact finance vehicles in excess of €13 billion providing significant contributions to the UN's Sustainable Development Goals.

Through our AIFM and CIS Manager and non-regulated services and in collaboration with impact investment management firms, Innpact manages a dozen of mid and large size impact vehicles active in microfinance, renewable energy, conservation, carbon projects or agriculture. Innpact brings its 19 years' experience through various tailor-made services including portfolio management, risk management, compliance, reporting and impact management services.

Location: Luxembourg (hybrid working arrangement available)

We are looking for a rigorous and analytically minded Portfolio Management Officer to join our Portfolio Impact Management team. The team covers portfolio and financial analysis, impact investment approvals, asset-liability management, fund operations, and investor reporting across a range of impact funds.

In this role you will be  part of the portfolio management team managing  impact investment funds, owning end-to-end portfolio monitoring, financial modelling, and reporting. You will prepare portfolio analysis across Innpact's impact funds — covering allocation and monitoring of impact and social indicators at portfolio and investee level, and portfolio quality including provisions and non-performing loans. You will also cover in areas like fund performance and support on others like Asset-Liability Management, FX and Cash, with regular reporting to ALCOs and Boards.

The role emphasizes financial modelling (Fund Performance, Business Plan, Portfolio Projections and Asset/Liabilities Management), Portfolio and Investor Reporting (quarterly reports, fact sheets, board materials), and Portfolio Quality Assessment (provisions, watch lists, impairment review). This is a hands-on, analytical role with direct fund responsibility and high visibility to fund boards and investors — ideal for someone with 5–7 years of experience in investment management or development finance who wants to apply their financial skills to impact.

Responsibilities:

• Financial modelling: Build and maintain fund-level financial models covering fund performance, business plans, portfolio projections, and asset-liability management. Prepare analysis for ALCOs and Boards. This is a core daily activity requiring strong Excel skills and comfort with complex fund structures.

• Portfolio and investor reporting: Prepare periodic and ad-hoc investor reports, portfolio reports, and fund fact sheets. Draft quarterly investor reporting for assigned funds, including narrative and data. Prepare internal monitoring and reporting for ALCOs and boards.

• Portfolio quality and analysis: Monitor portfolio allocation and quality indicators across assigned funds. Track provisions, non-performing loans, and watch-list cases. Conduct impairment review.

• Fund performance and ALM support: Cover fund performance analysis and support asset-liability management, FX exposure monitoring, and cash management. Contribute to ALCO reporting and board materials.

• Investment approval: Critically review investment proposals and due diligence material received from external portfolio managers. Coordinate the internal non-objection and investment approval process, including preparation of investment committee materials.

• Due diligence and fundraising support: Conduct due diligence on external fund managers during fund onboarding. Support fundraising processes by preparing materials for investor due diligence (operational DD questionnaires, data rooms, fund documentation).

• Data and process improvement: Support the data collection for the portfolio database, including corporate, financial, AML, ESG and impact data. Propose improvements to policies, procedures, and tools used in portfolio management.

The ideal candidate has:

• A genuine commitment to sustainable and impact finance, with a strong motivation to apply rigorous financial skills to funds that deliver social and environmental outcomes.

• A Master's degree in Finance, Economics, Business Administration, Sustainability or a related quantitative field. CFA is a plus.

• 5–7 years of professional experience in portfolio management with previous direct experience in Private Debt and or/Microfinance being a strong advantage, fund management, investment analysis, or a related role in development finance, impact investing, or asset management.

• Strong financial modelling skills — you are comfortable building and maintaining Excel-based models, scenario modelling, and stress tests. Familiarity with PBI and data models. Experience in credit analysis in the context of Private Debt investment vehicles would be a strong advantage.

• Proven reporting experience — you have prepared investor reports, board materials, or fund fact sheets and can communicate complex portfolio data clearly to non-technical audiences.

• Solid understanding of fund structures (debt funds, equity funds, blended finance vehicles) and portfolio quality concepts (provisions, impairments, NPL classification). Experience working with blended-finance structures is a plus.

• Familiarity with ESG frameworks and impact measurement (SFDR, EU Taxonomy, IRIS+, OPIM or equivalent). Knowledge of gender-lens investing is a plus.

• Analytical rigour with attention to detail — you will own the numbers that go to fund boards and investors.

• Good presentation skills as you will be presenting and interacting with key stakeholders of the Funds.

• A proactive, self-motivated mindset: you manage multiple fund deadlines in parallel, anticipate issues, and take ownership of your portfolio.

• Fluent English, both written and spoken.

We offer you:

• Key role in the team managing a large Private Debt fund.. This is a front office rolewith visibility to fund boards and investors.

• You will work within a team that integrates portfolio and impact expertise in one function.

• A highly motivating and dynamic work environment within a growing, highly respected sector where you can expand both your professional and personal skills.

• The chance to work at the forefront of impact finance, combining financial rigour, sustainable development, and ethical values within a certified B Corporation.

If you believe your experience and motivations match this job offer, we would appreciate receiving your application, together with a motivation letter and your latest CV.

Please refer to our website (www.innpact.com) to learn more about our team, services, clients and values.