United States onlyLISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.
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 strategic community development finance professional with a passion for creating impactful investment strategies? LISC Strategic Investments is seeking a dynamic Director of Fund Investments to lead our national funds' investments efforts across diverse markets and investment products.
In this role, you'll be the driving force behind our national investments strategy, identifying and cultivating relationships with strategic partners and centers of influence to build a robust pipeline. You'll leverage your expertise to source, evaluate, and structure impactful deals that meet our geographic diversity, impact, and financial performance goals.
As the ideal candidate, you bring ten years of experience in community development finance, with a strong track record in originating, structuring, and closing complex transactions. Your deep knowledge of various financing products - from predevelopment to permanent loans, lines of credit, and tax credit equity - will be crucial as you assess complex transactions and guide them through our investment process.
You'll thrive in building and managing relationships with developers, borrowers, and internal stakeholders, ensuring our funds meet both community needs and investor expectations. Your ability to navigate multiple, complex transactions simultaneously while coordinating with various internal and external stakeholders will be key to your success.
This position offers the opportunity to:
- Create and implement innovative investments strategies for national funds
- Build a diverse pipeline of impactful investment opportunities
- Structure complex financial transactions that balance risk, return, and community impact
- Manage relationships with a broad network of partners and borrowers
- Contribute to the growth and impact of LISC SI's community development initiatives
ESSENTIAL DUTIES AND RESPONSIBILITIES
Origination Strategy Development and Pipeline Management (35%)
- Create a multifaceted investment strategy for national affordable housing and workforce housing funds that identifies strategic partners and centers of influence to maximize deployment to investments that are geographically diverse, deliver on impact, and meet risk and underwriting metrics
- Manage the tracking of the investment strategy with the Origination Team and Senior Director to ensure diligent follow up with strategic partners and centers of influence
- Provide regular feedback to Senior Leadership on effectiveness of investment strategy
- Edit and refine investment strategy as needed to meet investment goals
- Ensure investment targets are met based on risk, return, product type, deal size and geography
- Develop metrics for success to measure effectiveness of investment strategy
- Ensure coordination of outreach efforts between Strategic Investments and Local Offices
Deal Sourcing and Risk Assessment (30%)
- Identify and manage pipeline opportunities for funds managed by LISC Fund Management
- Assess transactional risk via evaluation of the sponsor, financial pro forma, market and other project related information provided by the borrower
- Ensure that opportunities meet the requirements of each fund
- Refer opportunities internally to other sources of capital (i.e. grants) as needed
- Lead negotiations with borrowers and prospects on various opportunities
- Collect due diligence and manage expectations of underwriting and closing process
Deal Structuring and Investment Process (25%)
- Coordinate with senior credit officer and underwriter to screen, structure and underwrite financing requests
- Present investment recommendations to LISC Fund Management's investment committee
- Support the closing process with in-house and external counsel
- Proactively manage risk associated with the sponsor, project or market post-closing
- Serve as business contact to borrower for asset management and servicing inquiries
- Work with borrower to maintain loan performance and serve as initial contact for performance related, work out issues
- Work with internal Investor Relations team and Fund Managers to achieve fund’s goals
Relationship Management and External Representation (10%)
- Build and maintain relationships with developers, borrowers, and strategic partners
- Represent LISC at various internal and external events/conferences
- Serve as a thought leader in community development finance
- Perform all other duties as assigned
QUALIFICATIONS
- Bachelor's degree from an accredited college or university in business, finance, real estate or related fields. Or requisite relevant work experience
- Minimum 8 years of demonstrated experience with housing and community development and/or multifamily real estate development is preferred, including originating, deal structuring, underwriting, and closing deals.
- Demonstrated ability to source new deal opportunities, manage multiple, complex transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines
- Existing relationships with potential clients and partners is highly desirable
- Deep knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity, particularly affordable housing financing sources, including agency debt
- Experience with business or entity level transaction financing required
- Strong understanding of and experience with community development financial models
- Strong verbal and written communication skills
- Highly detail-oriented
- Self-starter, ability to work independently as well as collaboratively
- Proficiency in Microsoft Office Suite, particularly Microsoft Excel
- Demonstrated interest in LISC's community development mission
SALARY
LISC offers a competitive salary (Tier 1-$127,500-$159,400) (Tier 2-$114,800- $143,500) (Tier 3-$102,000- $127,500) and excellent fringe benefits. This position is expected to travel up to twice a month, up to 20% annually.
*Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.
Our benefits include:
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.
LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.
