What are the responsibilities and job description for the Loan Portfolio 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
Position Summary
As a Loan Portfolio 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 asset management skills 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, project completion and community impact. Your experience in loan monitoring, work out experience 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.
Someone 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.
This role offers the opportunity to grow your career while contributing to meaningful community development projects that create lasting impact.
Responsibilities
Portfolio Management (55%)
- Monitor and evaluate assigned loan portfolio across diverse product and project types, tracking performance against underwriting projections and impact metrics
- Proactively manage borrower communications regarding loan covenants, maturity dates, and payment issues
- Analyze financial statements, project budgets, and sources/uses to identify potential performance concerns
- Prepare comprehensive portfolio performance reports, including risk rating analyses
- Process and execute loan modifications including extensions, amendments, and workout negotiations
- Track project progress and maintain accurate documentation of all portfolio activities
- Participate in team meetings and contribute to process improvement initiatives
Data Management and Reporting (25%)
- Maintain accurate and current portfolio data across all management systems
- Collect and review monthly, quarterly, and annual borrower reports to ensure covenant compliance
- Monitor and report on financial and impact metrics according to established timelines
- Assess loans for potential impairment or write-off recommendations
- Develop and implement standardized documentation protocols for portfolio activities
Stakeholder Engagement (20%)
- Build and maintain productive relationships with borrowers and internal stakeholders
- Coordinate non-construction disbursements according to established policies
- Collaborate cross-functionally with underwriting, legal, and risk management teams
- Prepare and present asset performance materials for internal meetings
- Support senior team members in complex problem-solving situations
- Provide mentorship and guidance to junior team members
- Pursue ongoing professional development in community development finance
- Perform all other duties as assigned
QUALIFICATIONS
- Bachelor's degree from an accredited college or university or requisite relevant work experience
- 5 years of experience in asset management
- 2 years in non-consumer lending asset management preferably in banking/finance or community development.
- Working knowledge of real estate and lending
- Experience with defaults and workouts
- Excellent analytical and problem-solving skills
- Proficiency in financial analysis and loan documentation
- Strong attention to detail and organizational skills
- Proficiency in Microsoft Excel and loan management software
- Strong written and verbal communication skills
- Ability to work both independently and as part of a team
- Commitment to community development and social impact
- Construction lending or management, preferred
- Experience with tax credit incentive programs such as HTC, LIHTC, or NMTC a plus
- Knowledge of community development finance and impact investing a plus
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.
- 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.
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
