Fund Associate, Strategic Investments

Local Initiatives Support Corporation
sick time, tuition assistance, flex time, 401(k), 403(b)
United States
Jul 16, 2024
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 Position Description This role is a critical position within the Strategic Investments (SI) team's Small Business Loan Funds group, focusing on creating investment strategies and managing small business loan funds. As part of a team that operates a secondary market for mission-based small business lenders, primarily Community Development Financial Institutions (CDFIs), you will play a pivotal role in providing liquidity to these organizations by facilitating the purchase of small business loans. Your responsibilities will span reporting, financial data management, fund management, and advanced analytics. You will be at the intersection of impact investing and community development, helping to ensure that payments from small business borrowers are effectively managed to repay fund investors.This position requires a unique blend of financial acumen, analytical expertise, and strategic thinking. You'll be tasked with optimizing data systems, conducting in-depth financial analyses, producing high-impact reports for diverse stakeholders, and solving complex problems often with incomplete information. Ideal candidates will bring a strong background in finance, preferably with prior experience producing financial and investor reports, and a passion for using their skills to drive social impact. This role offers an opportunity to leverage advanced financial and analytical skills to directly support underserved communities and small businesses, making a tangible difference in the realm of impact investing. Responsibilities Fund Reporting (50%) Produce quarterly financial workbooks and collaborate with loan servicing, accounting and an external asset management vendor to ensure accuracy and timeliness Independently generate quarterly and annual financial and impact reports for investors Optimize Salesforce for enhanced fund report tracking and delivery Perform advanced delinquency analysis to enhance investor reporting Financial Data Management (30%) Develop and maintain sophisticated Excel models for financial analysis and reporting Execute data cleaning and normalization strategies to ensure data integrity and provide innovative solutions for data improvement Serve as the go-to data expert for internal teams and external partners, including audit requests, ad-hoc analytical requests and investor queries Develop insightful data visualizations for strategic decision-making across diverse stakeholders Fund Management (20%) Oversee purchasing of small business loans, including supporting CDFI partners with eligibility and documentation questions and accurately tracking loan participation information Partner with Asset Manager to track and process loan loss reserve claims and modification requests Proactively problem-solve data and fund issues with loan servicing, CDFI partners and internal stakeholders Craft and refine best-practice policies and procedures Perform all other duties as assigned Qualifications Bachelor's degree from an accredited college or university in Finance, Economics, or related field preferred or relevant work experience; MBA or advanced degree a plus Minimum five (5) years of finance experience, with a strong understanding of financial reports and accounting principles Proven track record in delivering high-impact projects with dynamic parameters, including the ability to develop a project plan and recommend solutions; prior consulting experience a plus Exceptional analytical skills with the ability to derive insights from complex data sets Demonstrated expertise in managing multiple high-priority workstreams concurrently Strong communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills Self-directed, ability to work independently as well as collaboratively Expert in Microsoft Excel (e.g. If/then statements, VLOOKUP, HLOOKUP, XLOOKUP) Knowledge of SQL databases and business intelligence tools (e.g., DOMO, Tableau) Passion for impact investing and helping under-served communities This position is expected to travel for quarterly in-person meetings and occasional conferences Compensation LISC offers a competitive salary of $91,800 - 127,500 and excellent fringe benefits. *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. LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE