What are the responsibilities and job description for the Asset Manager position at Local Initiatives Support Corporation?
LISC is one of the country's largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity and by providing technical assistance and capacity building to locally rooted organizations that carry out the work in communities.
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 a skilled financial professional who believes in the power of lending to transform communities? As an Asset Manager at LISC Fund Management, you'll have the opportunity to put your analytical expertise and relationship management skills to work in service of positive social change. This role is ideal for someone who combines strong financial acumen with a passion for community development. You'll manage a diverse portfolio of mission-critical real estate and affordable housing loans, using your attention to detail and problem-solving abilities to ensure both financial performance and community impact. Your experience in loan monitoring and financial analysis will be essential as you track portfolio performance, identify potential issues, and work collaboratively with borrowers and internal teams to find solutions.
If you're a self-starter who thrives in a collaborative environment and wants to grow in the impact investing space, this role offers the perfect blend of analytical challenge and meaningful purpose. You'll work alongside experienced professionals who share your commitment to responsible lending and community development, while having opportunities to develop your skills and advance your career in mission-driven finance. This position is more than just portfolio management - it's a chance to be part of an organization that's revolutionizing community development finance. Your work will directly contribute to creating positive change in underserved communities while building your expertise in impact investing and community development finance.
If you're ready to put your financial skills to work for social good and join a team that's passionate about making a difference through innovative finance, we want to hear from you. This role offers the opportunity to grow your career while contributing to meaningful community development projects that create lasting impact.
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.
Portfolio Management (55%)
- Monitor and evaluate assigned portfolio of loans, tracking financial performance and impact metrics
- Analyze financial statements and assess loan performance against underwriting projections
- Identify and report potential project performance and payment issues
- Prepare periodic portfolio performance reports, including risk analysis
- Identify, prioritize, and engage in problem solving with borrowers and internal teams
- Review and analyze project budgets and sources and uses
- Track project progress and maintain accurate records
Data Management and Reporting (25%)
Stakeholder Engagement (20%)
QUALIFICATIONS
SALARY
LISC offers a competitive salary ( $81,600 - $102,000) and excellent fringe benefits. This position is expected to travel less than once per month, up to 15% annually.
Our benefits include :
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.
Salary : $81,600 - $102,000