Director, Fund Management

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

LISC Fund Management is seeking a visionary Director of Fund Management to spearhead our innovative financial products, including the Black Economic Development Fund (BEDF) and place-based housing funds. This leadership position offers an unparalleled opportunity to leverage your extensive finance experience to drive meaningful change in underserved communities.

In this role, you'll have the chance to:

- Provide strategic direction for multiple funds, overseeing $800M+ in assets

- Manage a talented team of fund management associates, mentoring the next generation of impact investing leaders

- Develop and implement cutting-edge fund management processes and strategies

- Engage with institutional investors, articulating both financial performance and social impact metrics

- Collaborate with legal and compliance teams to navigate the complex regulatory landscape of impact investing

We're looking for a strategic thinker who can balance big-picture vision with attention to detail. Your ability to communicate complex financial concepts to diverse audiences will be crucial as you represent LISC Fund Management at high-level meetings and industry events. At LISC Fund Management, we offer 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. You'll have the opportunity to apply your skills in real-world settings, seeing the direct impact of your work on communities and potentially reshaping the landscape of community development finance.

Responsibilities

Strategic Leadership and Fund Oversight (20%)

• 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

Financial Oversight and Reporting (35%)

• 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

Team Management and Development (20%)

• 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

Investor Relations and Stakeholder Management (20%)

• 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

Risk Management and Compliance (5%)

• 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

QUALIFICATIONS

• 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. Familiarity with CDFIs and place-based investment strategies is highly desirable.
• 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.
• 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

SALARY

LISC offers a competitive salary ($114,800-$143,460) and excellent fringe benefits. This position is expected to travel less than once per month, up to 15% annually.