Associate, Underwriting & Portfolio Management

Summary

Join LISC Fund Management as an Associate in Underwriting and play a crucial role in driving impactful investments in communities nationwide. With 3-5 years of experience in real estate lending or community development finance, you will analyze and structure loans, ranging from $1-10M. You will utilize your financial acumen to underwrite a diverse portfolio of projects and craft compelling credit memos and financial models. Your strong communication skills will be essential in presenting investment recommendations to committees and external partners. This fast-paced role requires strong organizational skills and a deadline-driven approach. Most importantly, you will be excited about applying your financial expertise to make a real difference in communities.

Requirements

• Bachelor’s degree in Finance, Real Estate, Economics, or relevant work experience
• 3-5 years of experience in real estate finance, commercial banking, or community development lending, with specific experience underwriting real estate loans in the $1-10M range
• Strong understanding of and experience with financial models for community development and/or commercial real estate deals
• Proficiency in creating and interpreting financial projections, with advanced Excel skills
• Experience with various financing products including predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity
• Solid understanding of real estate fundamentals, including property types, market dynamics, and valuation methods
• Demonstrated ability to manage multiple, complex transactions and coordinate with various parties to meet deadlines
• Strong verbal and written communication skills, with the ability to present findings clearly
• Highly detail-oriented with excellent organizational and analytical skills
• Demonstrated interest in LISC's community development mission and ability to balance financial rigor with mission-driven approach

Responsibilities

• Screen, structure, and underwrite financing requests for real estate loans ($1-10M)
• Analyze project/borrower operating performance, historical and projected financial statements
• Assess management capacity, organizational structure, and project feasibility
• Focus on various commercial real estate projects, including affordable housing, market-rate housing, commercial projects, and mixed-use developments
• Create and interpret financial models and projections
• Identify credit risks and propose appropriate mitigants (e.g., reserves, guarantees, credit enhancements)
• Stay informed about local real estate markets and community development trends
• Prepare comprehensive credit memos detailing analysis findings and recommendations
• Present investment recommendations to LISC Fund Management's investment committee
• Review real estate contracts, loan documentation, leases, and other due diligence materials
• Support the Fund Management team in the closing process and handoffs to Asset Management
• Collaborate with internal teams (LISC Fund Management, LISC counsel) and external parties (borrowers, banks, co-lenders, attorneys)
• Participate in structuring discussions for complex financings
• Communicate effectively with various stakeholders throughout the underwriting process
• Contribute to team meetings and strategy discussions

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