Job description
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.
Please note, this is a grant funded position through the end of 2031. While all efforts will be made to continue program funding beyond this date, it is possible that this position will terminate at that time.
Position Description
To accomplish our mission, LISC provides various financing products to a wide array of project types. This role will support the Asset Management function for programs supporting both real estate and business assets.
The position proactively engages with borrowers in order to avert issues that may affect the performance of LISC investments. More specifically, the Asset Manager will support clients, focusing on the timely collection of repayments, documentation, and reports. In addition, the role will support the financial and impact performance data and portfolio tracking of the Innovative Investment team. The Asset Manager will be expected to work closely with LISC team members, departments, and partners. The ideal candidate will have experience working effectively with ethnically, culturally, and socio-economically diverse communities and the businesses that serve them.
Responsibilities
- Directly interface with clients and collaborative work with local and national staff to support repayments and collection of required documents.
- Implement alternative solutions when milestones are not met; Prepare and process required documentation to amend, restructure, or write off transactions.
- Adhere to annual deployment and asset management targets.
- Extract and analyze large data sets; leverage data to monitor portfolio performance, deployment targets, and trends.
- Prepare and analyze reports, spreadsheets, charts and presentations on the product portfolio.
- Work to ensure data portfolio quality and maintain activity in Salesforce and other software systems. House all documentation in appropriate repositories.
- Participate in internal and external meetings as required.
- Contribute to process improvements and new product rollouts.
- Assume other related responsibilities as required.
QUALIFICATIONS:
- Bachelor’s degree from an accredited college or university or requisite relevant work experience.
- Minimum three (3) years of non-consumer lending experience, preferably in banking industry or community development finance.
- Ability to execute asset management solutions to client accounts in accordance with client plans.
- Ability to interpret loan documentation related to repayment provisions, reporting requirements, and default
- Experience with defaults and workouts.
- Strong data analysis skills, including creating complex spreadsheets, pivot tables, charts, graphs, and performing data validation.
- Extremely detailed oriented and able to self-manage daily activities and
- Strong written and oral communication skills.
- Required PC skills include strong working knowledge of Microsoft Office. Advanced proficiency in Microsoft Excel a plus.
- Commitment to lending through the lens of diversity, equity, and inclusion.
Salary
LISC offers a competitive salary of ($81,600-$102,000) commensurate with experience and excellent 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.
