Director of Fund Design & Modeling, Strategic Investments

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
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 Francisco and in 2,400 rural counties across 49 states and Puerto Rico. Visit us at
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
ABOUT THIS ROLE
The LISC Fund Management team has been organized into functional expertise groups that lead and support the activities necessary to design, raise, deploy, and manage Impact Funds. Those functional groups are listed below:
Fund Design & Modeling – initial fund concept design and modeling, market testing
Fund Development – raising money from investors for the fund
Fund Deployment – creating the investment origination strategy and managing the underwriting and investment process
Fund Performance & Measurement – managing the performance of existing investments and conduit funds, oversight of financial statements & impact reporting
In LISC Fund Management (LFM), we are charged with coordinating the development, investment in, and deployment of impact investment funds in LISC’s local markets nationwide. While many groups within the LISC organization support fund management activities, LFM will be ultimately responsible for ensuring a successful track record for LISC’s off balance sheet lending, coordinating the efforts of relevant teams to ensure the overall organization understands who is playing what role and executes on the overall strategy. This positions reports to the Senior Director of Fund Design.
ESSENTIAL DUTIES AND 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.
Responsibilities:
New Impact Fund Creation
Lead external engagements with stakeholders (investors, municipalities, etc.) to support creating new impact funds.
Secure buy-in from stakeholders to construct the necessary components of an impact fund.
Ensure the appropriate research and modeling is completed to support the new fund effort with the Fund Design team.
Work closely with the Fund Development team to coordinate the raising of capital for these new funds.
Manage requests for consideration of new funds from LISC local offices.
Work with marketing to create PPTs and Decks that motivate stakeholders (investors, municipalities, etc.) to commit to new funds.
Create initial investor term sheets and high-level fund structure with LISC legal and Fund Design team.
Establish and refine the policies and procedures that organize the team’s efforts related to the creation of new funds.
Proactively problem solve with investors, internal teams, and offer recommendations when issues arise related to business development.
Perform all other duties as assigned.
On-going Impact Fund Management
Respond to data requests from other groups within LFM – coordinating with the Fund Design and Modeling team to get accurate answers.
Prepare for fund and model presentations to the internal team and LFM board.
Enhance the risk, impact, and financial reporting from fund models.
Proactively interact with the Fund Design and Deployment teams to ensure lessons learned inform future funds and investments.
Participate in process improvement projects and new product rollouts.
Perform all other duties as assigned.
Qualifications:
Bachelor’s degree from an accredited college or university. Preferred bachelor’s degree in business, finance, urban planning, real estate management, or related field.
Minimum seven (7) years of non-consumer investing experience, required.
Minimum seven (7) years in impact fund management, required.
Experience in fund design and creation preferred.
Working knowledge of real estate and business lending required.
Extremely detailed oriented and able to self-manage daily activities and deadlines.
Excellent communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills.
Self-starter, ability to work independently as well as collaboratively.
Experience in Microsoft Office Suite and Salesforce.
LISC offers a competitive salary $135,490 – $159,400 (commensurate with experience and location) and excellent fringe benefits. This position is expected to travel less than once a month, up to 15% annually.
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