Fund Management Director

LISC - Local Initiatives Support Corporation Logo

LISC - Local Initiatives Support Corporation

πŸ’΅ $114k-$143k
πŸ“Remote - Worldwide

Summary

Join LISC Fund Management as the visionary Director of Fund Management, spearheading innovative financial products like the Black Economic Development Fund (BEDF). This leadership role provides an unparalleled opportunity to leverage your finance expertise to drive meaningful change in underserved communities. You will provide strategic direction for multiple funds, manage a talented team, develop cutting-edge fund management processes, engage with institutional investors, and collaborate with legal and compliance teams. The position requires a strategic thinker who can balance big-picture vision with attention to detail and effectively communicate complex financial concepts. LISC Fund Management offers a chance to be at the forefront of impact investing, creating new financial products that can scale impact and serve as models for the industry.

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
  • 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

Responsibilities

  • Collaborate on overall strategic direction for both the Black Economic Development Fund (BEDF) and place-based housing funds
  • Develop and implement fund strategies aligned with LISC's mission and investor expectations
  • Monitor fund performance and make high-level decisions on portfolio management
  • Identify opportunities for fund growth and collaborate on new product development
  • Drive innovation in fund structures and investment strategies to maximize social and financial impact
  • Oversee the development and implementation of impact measurement frameworks
  • Develop, implement, and refine processes for effective fund management
  • Review and approve financial statements, investor reports, and performance analyses for all funds
  • Ensure accuracy, timeliness, and compliance of all financial reporting
  • Provide high-level financial insights and recommendations to senior leadership
  • Oversee budget management and expense control across funds
  • Directly supervise and mentor two Fund Associates for BEDF and place-based housing funds
  • Ensure proper workload distribution and resource allocation across funds
  • Conduct regular performance evaluations and provide professional development opportunities
  • Foster a high-performing team culture with an emphasis on accountability and collaboration
  • Lead investor communications and relationship management for both BEDF and place-based funds
  • Represent LISC Fund Management at high-level investor meetings and industry events
  • Oversee the preparation and delivery of investor presentations and impact reports
  • Build and maintain relationships with key stakeholders, including community partners and financial institutions
  • Collaborate with other LISC departments to ensure alignment of fund activities with broader organizational goals
  • Develop and implement risk management strategies across all funds
  • Ensure compliance with all relevant regulations, legal requirements, and internal policies
  • Oversee due diligence processes for new investments and ongoing portfolio management
  • Collaborate with legal and compliance teams to address complex regulatory issues

Preferred Qualifications

  • Familiarity with CDFIs and place-based investment strategies is highly desirable
  • 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
  • Disability Insurance
  • Retirement Savings
  • Generous Holidays
  • Vacation, PTO, and Sick Days
  • Tuition Assistance
  • Referral Program
  • Professional Development Opportunities

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