Asset Manager

at  Local Initiatives Support Corporation LISC

WHAT WE DO

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

MINIMUM QUALIFICATIONS

• Bachelor’s degree from an accredited college or university
• Minimum three (3) years of non-consumer lending experience, preferably in banking/finance or community development
• Working knowledge of real estate and/or business lending preferred
• Extremely detailed oriented and able to self-manage daily activities and deadlines
• Financial analysis skills for income statements and balance sheets
• Ability to interpret loan documentation related to reporting requirements and default process
• Strong relationship skills
• Experience with defaults and work-outs a plus
• Experience with tax credit incentive programs such as HTC, LIHTC, or NMTC a plus

ABOUT THIS ROLE

The Strategic Investments team has been organized into functional expertise groups that lead and support the activities necessary to design, raise, deploy, manage impact funds, and develop new investment strategies. Those functional groups are listed below:

• Fund Design & Modeling – initial fund concept design and modeling, market testing
• Fund Development – raising money from investors for the fund
• Fund Deployment – creating the investment origination strategy and managing the underwriting and investment process
• Fund Management – managing the performance of existing investments and conduit funds, oversight of financial statements & impact reporting
• Capital Innovation Lab - leads the charge in developing new investment strategies via pilots, programs, and initiatives.

This role will support the Fund Management function. More specifically, the Asset Manager position will focus on managing the performance of fund investments (projects & borrowers) through the timely collection of financial and impact data and proactive engagement of potential issues preferably well before those issues effect the performance of the fund. The position will work on a team of asset managers and have no direct reports.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The following are an indication of the position’s core responsibilities; these are intended to illustrate the scope of responsibilities and are not exclusive of other duties that may be required.

• Collect monthly, quarterly, and annual reports from investees.
• Identify, prioritize and engage in problem solving with investees, internal teams, and offer recommendations when issues arise.
• Ensures the accuracy and maintenance of investment records and files. Maintains internal record keeping and track investment progress.
• Write annual performance reports, including risk analysis.
• Analyze financial statements and overall investment performance against underwriting projections, and identify potential investment performance and payment issues.
• Prepare amendments and waivers as necessary.
• Produce investor reports and provide all required reporting within the designated timeframe.
• Support with investor questions regarding performance and one-off requests for analysis.
• Perform all other duties as assigned.