What are the responsibilities and job description for the Construction Associate , Strategic Investments position 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.
Strategies We Pursue
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:
Are you an experienced construction finance professional who combines strong technical expertise with a passion for community development? As a Construction Associate at our impact-driven fund management firm, you'll leverage your deep understanding of construction loan administration to oversee critical affordable housing and community facility projects. This role is ideal for a seasoned professional who thrives on managing complex construction budgets and draws, navigating multiple funding sources, and building strong relationships with stakeholders. You'll be at the center of our construction management process, using your expertise to ensure successful project execution while mentoring junior team members. Whether you're analyzing complex draw requests, managing contractor relationships, or implementing process improvements, your work will be crucial to delivering impactful community development projects.
If you bring 5 years of construction management or lending experience and are looking to apply your skills in a mission-driven environment, this role offers an excellent opportunity to advance your career in community development finance. You'll work alongside dedicated professionals who share your commitment to excellence in construction administration while creating positive community impact. This isn't just about managing construction draws – it's about leveraging your expertise to ensure the successful delivery of projects that transform communities. You'll apply your deep understanding of construction documentation, payment applications, and project management to drive efficient processes and successful outcomes.
If you're ready to put your construction finance expertise to work in a role that combines technical skill with social impact, we want to hear from you. This position offers the opportunity to grow your career while contributing to meaningful community development projects that create lasting change. Join us in ensuring the successful execution of transformative real estate projects across the nation. Your expertise in construction loan administration and commitment to excellence will help us maintain the highest standards while advancing our mission of creating positive social impact through responsible development.
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.
Construction Portfolio Management (50%)
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.
LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE
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.
Strategies We Pursue
- Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
- Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
- Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
- Develop leadership and the capacity of partners to advance our work together.
- Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.
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:
Are you an experienced construction finance professional who combines strong technical expertise with a passion for community development? As a Construction Associate at our impact-driven fund management firm, you'll leverage your deep understanding of construction loan administration to oversee critical affordable housing and community facility projects. This role is ideal for a seasoned professional who thrives on managing complex construction budgets and draws, navigating multiple funding sources, and building strong relationships with stakeholders. You'll be at the center of our construction management process, using your expertise to ensure successful project execution while mentoring junior team members. Whether you're analyzing complex draw requests, managing contractor relationships, or implementing process improvements, your work will be crucial to delivering impactful community development projects.
If you bring 5 years of construction management or lending experience and are looking to apply your skills in a mission-driven environment, this role offers an excellent opportunity to advance your career in community development finance. You'll work alongside dedicated professionals who share your commitment to excellence in construction administration while creating positive community impact. This isn't just about managing construction draws – it's about leveraging your expertise to ensure the successful delivery of projects that transform communities. You'll apply your deep understanding of construction documentation, payment applications, and project management to drive efficient processes and successful outcomes.
If you're ready to put your construction finance expertise to work in a role that combines technical skill with social impact, we want to hear from you. This position offers the opportunity to grow your career while contributing to meaningful community development projects that create lasting change. Join us in ensuring the successful execution of transformative real estate projects across the nation. Your expertise in construction loan administration and commitment to excellence will help us maintain the highest standards while advancing our mission of creating positive social impact through responsible development.
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.
Construction Portfolio Management (50%)
- Manage construction loan portfolio with multiple capital stacks
- Manage construction budgets
- Review and analyze complex draw requests against budgets
- Evaluate AIA documentation and change orders
- Identify and resolve budget discrepancies and risks
- Conduct detailed cost tracking and fund disbursement analysis
- Lead construction completion monitoring and risk assessment
- Serve as primary point of contact for borrowers regarding construction draw review and processing
- Coordinate across multiple internal teams regarding draw requests and construction completion
- Collaborate with Asset Management, Closing Teams, outside vendors, and internal underwriters
- Support Construction Director in training borrowers on disbursement processes
- Work independently to provide excellent customer-focused experience for borrowers
- Participate in problem-solving sessions with Construction Director, borrowers, and internal teams
- Coordinate post-closing follow-up requirements and post-close draw overview process meetings
- Maintain detailed project tracking systems and construction monitoring files to produce construction status reports
- Support monthly/quarterly presentations on construction lending to internal team
- Track and analyze construction progress and potential risks to budget and schedule
- Maintain accurate internal records of loan disbursements and project progress
- Create and update project progress reports for various stakeholders
- Implement and maintain project management and organizational tracking tools
- Support process improvements in construction draw management
- Assist in developing and maintaining best practices for construction loan administration
- Coordinate with third-party inspection firms and other external partners
- Participate in continuous improvement initiatives for construction lending processes
- Minimum 5 years of professional work experience in construction management or construction lending
- Strong understanding of construction draws and payment applications
- Strong attention to detail and ability to manage multiple deadlines
- Excellent organizational and time management skills
- Proficiency in Microsoft Office suite, especially Excel
- Strong analytical and problem-solving skills
- Ability to work effectively in a team environment
- Excellent written and verbal communication skills
- Interest in community development and social impact finance
- Ability to work through complicated loan disbursement requirements
- Knowledge of the construction finance industry
- Demonstrated ability to translate construction and legal requirements
- General knowledge of loan-legal documentation
- Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.
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.
LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE
