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.
