Asset Manager

About Strategic Investments

The LISC Strategic Investments team leads the design, development, and deployment of impact investment funds in LISC's local markets nationwide. Strategic Investments employs an "impact first" investment methodology that optimizes the impact on the communities we care about while achieving sustainable risk-adjusted returns for investors.

The unique power of LISCs local office presence combined with the strength of our national investment expertise is a powerful combination for creating real impact in the communities we serve. This network requires careful coordination between Strategic Investments, the LISC Local Offices, and other stakeholders within LISC. While many groups within the LISC organization support fund management activities, the Strategic Investments team is ultimately responsible for ensuring a successful track record for LISC's off balance sheet fund investments. Visit us at www.liscstrategicinvestments.org

About This Role

Are you a skilled financial professional who believes in the power of lending to transform communities? As an Asset Manager at LISC Fund Management, you'll have the opportunity to put your analytical expertise and relationship management skills to work in service of positive social change. This role is ideal for someone who combines strong financial acumen with a passion for community development. You'll manage a diverse portfolio of mission-critical real estate and affordable housing loans, using your attention to detail and problem-solving abilities to ensure both financial performance and community impact. Your experience in loan monitoring and financial analysis will be essential as you track portfolio performance, identify potential issues, and work collaboratively with borrowers and internal teams to find solutions.

If you're a self-starter who thrives in a collaborative environment and wants to grow in the impact investing space, this role offers the perfect blend of analytical challenge and meaningful purpose. You'll work alongside experienced professionals who share your commitment to responsible lending and community development, while having opportunities to develop your skills and advance your career in mission-driven finance. This position is more than just portfolio management - it's a chance to be part of an organization that's revolutionizing community development finance. Your work will directly contribute to creating positive change in underserved communities while building your expertise in impact investing and community development finance.

If you're ready to put your financial skills to work for social good and join a team that's passionate about making a difference through innovative finance, we want to hear from you. This role offers the opportunity to grow your career while contributing to meaningful community development projects that create lasting impact.

Responsibilities

The following are an indication of the position's core responsibilities; these are intended to illustrate the scope of responsibilities and are not exclusive of other duties that may be required.

Portfolio Management (55%)

• Monitor and evaluate assigned portfolio of loans, tracking financial performance and impact metrics
• Analyze financial statements and assess loan performance against underwriting projections
• Identify and report potential project performance and payment issues
• Prepare periodic portfolio performance reports, including risk analysis
• Identify, prioritize, and engage in problem solving with borrowers and internal teams
• Review and analyze project budgets and sources and uses
• Track project progress and maintain accurate records

Data Management and Reporting (25%)

• Input and maintain accurate data in portfolio management software and other systems
• Collect and review monthly, quarterly, and annual reports from borrowers
• Prepare modification requests, extensions, exceptions, and waivers
• Ensure compliance with loan covenants and reporting requirements
• Document and track all portfolio-related activities
• Monitor and report on both financial and impact metrics

Stakeholder Engagement (20%)

• Build and maintain productive relationships with borrowers
• Collaborate with internal teams including underwriting, legal, and risk management
• Attend and contribute to team meetings and process improvement discussions
• Prepare and present asset performance materials for internal meetings
• Help maintain standardized procedures and best practices
• Support senior team members in complex problem-solving situations
• Participate in training to enhance knowledge of community development finance
• Mentor and provide guidance to junior team members

QUALIFICATIONS

• Bachelor's degree in Finance, Real Estate, Business Administration from an accredited college or university or relevant related work experience
• 5 years of experience in asset management; 2 years in non-consumer lending asset management preferred
• Working knowledge of real estate financing and/or lending
• Construction lending or management, preferred
• Excellent analytical and problem-solving skills
• Proficiency in financial analysis and loan documentation
• Strong attention to detail and organizational skills
• Proficiency in Microsoft Excel and loan management software
• Strong written and verbal communication skills
• Ability to work both independently and as part of a team
• Commitment to community development and social impact
• Experience with defaults and work-outs a plus
• Experience with tax credit incentive programs such as HTC, LIHTC, or NMTC a plus
• Knowledge of community development finance and impact investing a plus

SALARY

LISC offers a competitive salary ($81,600 - $102,000)and excellent fringe benefits. This position is expected to travel less than once per month, up to 15% annually.