What are the responsibilities and job description for the Senior Director, Underwriting & Loan Administration, Strategic Investments position at Local Initiatives Support Corporation?
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
- 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.
Since 1979, LISC and its affiliates have invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC's reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Franciscoand in 2,400 rural counties across 49 states and Puerto Rico.Visit us at www.lisc.org
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
As a Senior Director, Underwriting & Loan Administration with a passion for community development, you'll lead LISC Strategic Investments' credit strategy, underwriting, and loan administration. This pivotal role combines your extensive experience in real estate and small business lending with your commitment to social impact finance to oversee a diverse portfolio of real estate and small business loans at around $945M AUM.
You'll leverage your 10 years of non-consumer lending expertise, including significant experience with LIHTC deals and affordable housing, to manage a portfolio of loans ranging from $1-10M. Your focus will be primarily on commercial real estate investments (affordable and non-LIHTC) that drive community growth, while maintaining a keen eye for risk mitigation through rigorous processes.As someone who values impact but understands the importance of risk management, you'll bring a balanced approach to our credit culture. You're not afraid to say "no" when necessary, but you excel at identifying ways to further mitigate risks to make deals work. Your deep understanding of credit risk assessment, portfolio management, and community development finance will be crucial in shaping our organization's lending policies and ensuring the sustainability of our mission-driven investments.
Leading a team of skilled professionals, you'll foster a culture of analytical rigor, ethical decision-making, and process adherence. You'll enforce a structured approach to risk mitigation, ensuring all team members follow established processes meticulously. Your experience with underwriting, loan administration, and tax credit incentive programs will be invaluable as we navigate complex financial landscapes to maximize our social impact. This role offers you the opportunity to apply your advanced financial analysis skills and strategic thinking to real-world challenges in community development. You focus on maintaining a balanced portfolio through careful risk assessment. Your ability to communicate complex credit issues to diverse stakeholders - from borrowers and investors to community partners will be key to our success.
Responsibilities
Credit Strategy and Risk Management (45%)
Portfolio Management and Underwriting (35%)
Process Optimization (10%)
Team Leadership and Development (10%)
QUALIFICATIONS
SALARY
LISC offers a competitive salary ($159,400-$199,300) 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.
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE
Salary : $159,400 - $199,300
