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 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
LISC Fund Management is seeking a Director of Finance Operations to play a pivotal role in shaping the financial future of our organization and the communities we serve.
As the Director of Finance Operations, you will be overseeing the financial operations of 11 diverse funds with a focus on real estate and small business loans. This role offers a unique opportunity to leverage your expertise in financial management, treasury management, and financial strategy to drive meaningful change in underserved communities.
You'll work closely with Fund Managers, providing crucial financial insights that inform strategic decisions. Your ability to translate complex financial data into actionable recommendations will be key to our funds' success. Additionally, you'll manage our relationship with a critical external accounting and fund administration vendor, ensuring seamless execution of fund accounting, treasury operations, loan servicing, and financial reporting. Your role will be instrumental in bridging LFM's financial operations with LISC's FP&A functions, ensuring consistency and efficiency across the organization.
This position is ideal for a self-driven professional who thrives in a dynamic environment and enjoys the challenge of managing multiple priorities. Your meticulous attention to detail, coupled with your strategic thinking, will be essential in navigating the complexities of nonprofit fund management.
If you have a proven track record in financial leadership, a strong background in financial management, accounting and/or treasury management, and a desire to make a tangible impact through finance, we want to hear from you. Join us in our mission to drive economic growth and create opportunities in the communities we serve.
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.
LISC Fund Management-Level Responsibilities (30%)
- Ensure timely and accurate financial reporting for LISC Fund Management (LFM)
- Prepare and present LFM-level financial reports quarterly to the leadership team
- Take full responsibility for LFM Board level financial reporting, including preparing budget slides for the President's LFM board deck and presenting financial updates quarterly
- Oversee LFM budgeting, forecasting, and adjustments by reviewing work prepared by the LISC FP&A team
- Develop, implement, and continuously improve financial policies and procedures to enhance operational efficiency at the LFM level
Fund-Level Responsibilities (25%)
- Review financial reports for all 11+ funds prepared by fund managers/administrators, ensuring accuracy and compliance
- Conduct comprehensive financial analysis and provide strategic insights to Fund Managers to support decision-making processes
- Manage and optimize treasury functions across all funds
- Review and oversee Capital Calls for all managed funds
- Review financial reports, budgets, and forecasts for individual funds
- Develop and implement financial policies and procedures to enhance operational efficiency across funds
Vendor Relationship Management (25%)
- Serve as primary liaison with the external vendor handling fund accounting, treasury management, loan servicing, and financial reporting
- Oversee vendor performance, ensuring deliverables meet quality and timeliness standards, to include accurate completion of capital calls
- Collaborate with the vendor to streamline processes and implement best practices
- Regularly review and report on service level agreements
Stakeholder Communication and Reporting (20%)
- Prepare and present comprehensive financial reports to Fund Managers and leadership
- Collaborate with Fund Managers to align financial strategies with fund objectives
- Communicate financial performance, risks, and opportunities to relevant stakeholders including corporate accounting team
- Facilitate financial decision-making by providing clear, actionable insights
- Represent the fund finance function in cross-functional meetings and initiatives
- Primary contact point for annual financial audit, working in collaboration with many stakeholders
- Contribute to strategic planning and organizational growth initiatives
Minimum Qualifications
- Bachelor's degree in Finance, Accounting, or related field from an accredited college or university OR relevant related work experience; MBA, CPA, or similar advanced degree preferred.
- Minimum eight (8) years of non-consumer lending experience and/or financial management, preferably in CDFIs, nonprofit organizations, or impact investing firms
- Proven track record of managing complex financial operations including demonstration of expertise to manage combined assets exceeding $800 million
- Demonstrated expertise in accounting principles, treasury management, and financial reporting for nonprofit/financial organizations
- Strong experience in vendor management, particularly in overseeing outsourced financial services
- Exceptional analytical skills with the ability to translate complex financial data into actionable insights for non-financial stakeholders
- Excellent communication and relationship-building skills, particularly in working with diverse stakeholders, leadership, and external vendors
- Demonstrated ability to work independently and manage multiple priorities in a dynamic environment
- Proficiency in financial modeling, forecasting, and advanced Excel skills
- Familiarity with fund accounting software and financial management systems a plus
- Demonstrated commitment to and passion for community development and social impact finance
- Excellent communication and relationship-building skills, particularly in working with diverse stakeholders including borrowers, investors, and community partners
Compensation & Benefits
LISC offers a competitive salary ($92,400 - $115,500) 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.
LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE