Director - Fund Management

January 18

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Local Initiatives Support Corporation (LISC)

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Local Initiatives Support Corporation (LISC) is a non-profit organization dedicated to enhancing communities by connecting local groups in the United States with capital and technical expertise. LISC provides flexible lending products to support underserved borrowers and aims to uplift communities through investments in affordable housing, economic development, health, education, and green development. It also emphasizes the importance of building resilient and inclusive communities, partnering with corporations, foundations, and individual donors to bring about these changes. LISC is involved in a variety of program areas including child care, small business support, safety and justice, and sports and recreation, highlighting a comprehensive, community-driven approach to development and capacity building.

community development • neighborhood development • economic development • affordable housing • financial stability

201 - 500 employees

Founded 1979

🤝 Non-profit

🌍 Social Impact

🏠 Real Estate

📋 Description

• Provide strategic direction for multiple funds, overseeing $800M+ in assets. • Manage a talented team of fund management associates, mentoring the next generation of impact investing leaders. • Develop and implement cutting-edge fund management processes and strategies. • Engage with institutional investors, articulating both financial performance and social impact metrics. • Collaborate with legal and compliance teams to navigate the complex regulatory landscape of impact investing.

🎯 Requirements

• Bachelor’s degree in Finance, Economics, Business Administration, a related field, or relevant work experience. • Minimum of 8 years of experience in fund management, investment banking, or financial services or related experience, preferably with exposure to impact investing or community development finance, with minimum of 3 years in a leadership role. • Deep understanding of impact investing, community development finance, and affordable housing. Familiarity with CDFIs and place-based investment strategies is highly desirable. • Strong proficiency in financial modeling, portfolio management, and risk assessment. Demonstrated ability to analyze complex financial structures and make strategic investment decisions. • Proven track record of leading and developing high-performing teams. Ability to mentor and guide staff effectively. • Strong experience in managing relationships with institutional investors, including communication of fund performance and impact metrics. • Comprehensive understanding of relevant financial regulations and compliance requirements in the fund management space. • Excellent verbal and written communication skills, with the ability to articulate complex financial concepts to diverse audiences. • Familiarity with impact measurement frameworks and the ability to align financial performance with social impact goals. • Advanced skills in Microsoft Excel, financial software, and database management. Familiarity with fund management and reporting systems. • Demonstrated ability to manage multiple projects simultaneously, meet deadlines, and work effectively under pressure. • Passion for economic development and closing the racial wealth gap, with a commitment to LISC's mission and values. • Familiarity with tax credit incentive programs such as Historic Tax Credits (HTC), Low-Income Housing Tax Credits (LIHTC), or New Markets Tax Credits (NMTC) a plus.

🏖️ Benefits

• Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being. • Disability Insurance: Long-term and short-term coverage for peace of mind. • Retirement Savings: Secure your future with our 401(k) and 403(b) plans. • Generous Holidays: Enjoy ample time off to recharge and celebrate. • Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance. • Tuition Assistance: Pursue your educational goals with support from our tuition assistance program. • Referral Program: Earn rewards for referring qualified candidates to join our team. • Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.