Director, Fund Investments

Summary

Join LISC Strategic Investments as the Director of Fund Investments and lead national funds' investments across diverse markets and investment products. You will be the driving force behind the national investments strategy, identifying and cultivating relationships with strategic partners. Leverage your expertise to source, evaluate, and structure impactful deals. As the ideal candidate, you possess ten years of experience in community development finance with a strong track record in complex transactions. You will thrive in building and managing relationships with developers, borrowers, and internal stakeholders. This position offers the opportunity to create and implement innovative investment strategies, build a diverse pipeline of investment opportunities, structure complex financial transactions, manage relationships with partners and borrowers, and contribute to the growth and impact of LISC SI's community development initiatives.

Requirements

• Bachelor's degree from an accredited college or university in business, finance, real estate or related fields. Or requisite relevant work experience
• 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
• 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

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

Preferred Qualifications

• 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
• Existing relationships with potential clients and partners is highly desirable

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