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Associate, Underwriting & Portfolio Management - Strategic Investments @Local Initiatives Support Corporation

[Hiring] Associate, Underwriting & Portfolio Management - Strategic Investments @Local Initiatives Support Corporation

Mar 27, 2025 - Local Initiatives Support Corporation is hiring a remote Associate, Underwriting & Portfolio Management - Strategic Investments. 💸 Salary: $102,000-$127,500. 📍Location: USA.

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

As an Associate in Underwriting at LISC Fund Management, you'll play a crucial role in driving impactful investments in communities across the nation.

  • 3-5 years of experience in real estate lending or community development finance
  • Analyze and structure loans ranging from $1-10M
  • Underwrite a diverse portfolio of projects, from affordable housing to mixed-use developments
  • Craft compelling credit memos and financial models
  • Communicate insights clearly to internal teams and external partners
  • Detail-oriented and capable of juggling multiple transactions
  • Excited about applying financial expertise to make a real difference in communities

Responsibilities

  • Underwriting and Financial Analysis (65%)
    • Screen, structure, and underwrite financing requests for real estate loans ($1-10M)
    • Analyze project/borrower operating performance, historical and projected financial statements
    • Assess management capacity, organizational structure, and project feasibility
    • Focus on various commercial real estate projects, including affordable housing, market-rate housing, commercial projects, and mixed-use developments
    • Create and interpret financial models and projections
    • Identify credit risks and propose appropriate mitigants (e.g., reserves, guarantees, credit enhancements)
    • Stay informed about local real estate markets and community development trends
  • Credit Presentation and Documentation (30%)
    • Prepare comprehensive credit memos detailing analysis findings and recommendations
    • Present investment recommendations to LISC Fund Management's investment committee
    • Review real estate contracts, loan documentation, leases, and other due diligence materials
    • Support the Fund Management team in the closing process and handoffs to Asset Management
  • Collaboration and Communication (5%)
    • Collaborate with internal teams (LISC Fund Management, LISC counsel) and external parties (borrowers, banks, co-lenders, attorneys)
    • Participate in structuring discussions for complex financings
    • Communicate effectively with various stakeholders throughout the underwriting process
    • Contribute to team meetings and strategy discussions

Qualifications

  • Bachelor’s degree in Finance, Real Estate, Economics, or relevant work experience
  • 3-5 years of experience in real estate finance, commercial banking, or community development lending, with specific experience underwriting real estate loans in the $1-10M range
  • Strong understanding of and experience with financial models for community development and/or commercial real estate deals
  • Proficiency in creating and interpreting financial projections, with advanced Excel skills
  • Experience with various financing products including predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity
  • Solid understanding of real estate fundamentals, including property types, market dynamics, and valuation methods
  • Demonstrated ability to manage multiple, complex transactions and coordinate with various parties to meet deadlines
  • Strong verbal and written communication skills, with the ability to present findings clearly
  • Highly detail-oriented with excellent organizational and analytical skills
  • Demonstrated interest in LISC's community development mission and ability to balance financial rigor with mission-driven approach

Salary

LISC offers a competitive salary ($102,000-$127,500) 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.

Benefits

  • 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

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📍 Be aware of the location restriction for this remote position: USA
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Back to Remote jobs  >   Finance / Legal
Associate, Underwriting & Portfolio Management - Strategic Investments @Local Initiatives Support Corporation
Finance / Legal
Salary 💸 $102,000-$127,500
Remote Location
USA
Job Type full-time
Posted Mar 27, 2025
Apply for this position Unlock 54,731 Remote Jobs
️
📍 Be aware of the location restriction for this remote position: USA
‼ Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
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