Join our team of coaches working to help families construct a secure and hopeful financial future.
Financial coaches and Compass clients build strong trusting relationships. Jennifer and Christine pose for a picture during a coaching session. (Credit: Mike Ritter)
The opportunity to build assets shouldn’t be reserved for middle and upper-income families. Many of our principal life dreams require savings — a home, higher education, retirement, and the launch of a new business. Without the benefits of savings, these life dreams can feel out of reach for many families with low incomes.
Savings and assets also help to give families security during challenging times, like the COVID-19 epidemic facing us today. Without savings, families are forced to make impossible choices between basic needs, access to medical care, and the risk of infection.
It is asset poverty, rather than income poverty, which is the true measure of inequality in the United States. When it comes to building assets, families of color are at a significant disadvantage — especially women. The racial wealth gap that exists in Greater Boston is illustrated by the disparity between the average net worth of White residents ($247,500) and those of US-born Black residents ($8).
As a financial coach, you’ll help individuals stretch beyond the systems, policies, and practices that prevent people of color from building wealth. Moreover, you’ll help families discover and achieve their dreams.
Our flagship model for the Family Self-Sufficiency ("FSS" program) has been independently evaluated and shown to meaningfully increase household income and decrease reliance on welfare funds. Clients who participate in the program gain access to:
Join a career that counts and together we’ll partner with families to grow the assets and capabilities they need to achieve their dreams. No prior experience in financial coaching is required.
As a financial coach, you will have a profound impact on the lives of between 100 and 150 families. Your life experience, knowledge, and perspective will help clients address challenges, build skills, and reach their personal and professional goals.
Your journey as a financial coach begins with two months of on the job training in coaching and personal finance. You’ll continue to learn through weekly professional development sessions, mentorship, and the chance to earn accreditation as a financial counselor.
When you join Compass Working Capital you will gain access to a wide selection of employer-sponsored benefits. In addition to the traditional health, dental, and retirement benefits, Compass provides employees professional development, paid time off, and many other perks.
New employees receive up to 18 vacation days, 10 sick days, 3 personal days, and 10 holidays per calendar year
Compass covers up to 80% of employee premiums and 50% for dependents
Company matching up to 3% of eligible pay, 100% vested after one year
Access to resources at Non-Profit Center and $200 per year to spend on professional development resources
Up to 6 hours of free car-buying consultation services with Joy of the Drive
Company paid life/ AD&D insurance ($100,000) and short-term and long-term disability insurance
Pay for eligible out-of-pocket health care and dependent day care expenses on a pre-tax basis
Six weeks of paid leave is available to eligible Compass employees regardless of their gender.
Up to $1800 reimbursement for AFC or CFP certification costs
Retail discounts, Employee Assistance Program, optional insurance plans for auto, home, pets, legal services, and more
Mariluz has worked her entire life. She first started working with her grandmother in the Dominican Republic. At age nineteen she moved to the United States. Despite a lifetime of hard work, Mariluz never felt like her life was secure and stable.
Several years ago, Mariluz decided it was time for her to build a stronger financial future for herself and her children. A postcard informed her about the Family Self-Sufficiency (FSS) program run by Compass and her housing provider, Metro Housing|Boston.
With the support of her coach, Mariluz set bold goals. Not only did she want to grow her own small business, but she wanted to prove to her children that her dream of homeownership was possible.
Mariluz has always been an organized and planful person. These strengths helped her to take full advantage of the financial workshops and financial coaching sessions offered to her free of charge by Compass Working Capital.
Mariluz partnered with her financial coach to guide her plans and to help her inspire the confidence she needed to achieve her goals. She took control of her finances and carefully tracked progress towards her savings targets.
Reflecting on her progress, Mariluz told her coach, “It’s hard to believe how with a few changes and fixing my finances, everything has changed.”