[Hiring] Fund Manager @Local Initiatives Support Corporation

Role Description

The Fund Manager, Commercial Real Estate role resides within the Fund Management & Finance team and is responsible for overseeing the financial management, reporting, and operational performance of designated impact investment funds, including place-based affordable housing vehicles.

Reporting to the Director, Fund Management, the Fund Manager is accountable for:

• Fund-level financial reporting
• Fund performance and analysis
• Capital management
• Investor communications support
• Coordination across internal teams to ensure disciplined execution throughout the fund lifecycle

The role works closely with other LFM departments and LISC departments including Legal, Compliance, and LISC shared services to support accurate reporting, regulatory compliance, and fund performance transparency.

The Fund Manager leads preparation of quarterly and annual financial statements, oversees capital call and distribution processes, monitors fund expenses and budgeting, portfolio level inputs, and supports investor reporting and board materials.

The position requires strong financial analysis capabilities, comfort working with complex real estate investment structures, and the ability to interpret portfolio performance within the context of fund strategy.

The Fund Manager contributes to maintaining LFM’s track record of financial discipline, transparency, and responsible stewardship of investor capital.

Qualifications

• Bachelor’s degree in Finance, Economics, Business Administration, Accounting, or related field required; CFA, MBA, MPA, or other relevant advanced degree preferred
• Minimum 6 years of experience in fund management, private equity, real estate investment management, financial services, or community development finance
• Demonstrated experience managing fund-level financial reporting, capital accounts, capital calls, and investor reporting processes
• Strong understanding of real estate investment structures and fund economics, including waterfall calculations, capital allocations, and fee structures
• Experience working with affordable housing, impact investment funds, or place-based real estate vehicles preferred; familiarity with LIHTC, HTC, or NMTC preferred
• Advanced proficiency in Excel, including financial modeling and complex reconciliation; experience with fund accounting or financial reporting systems required
• Strong analytical and problem-solving skills, with the ability to interpret financial performance in the context of fund strategy and investor expectations
• Strong written and verbal communication skills; experience coordinating across investments, asset management, legal, compliance, and finance teams; ability to manage multiple deadlines, exercise sound judgment, operate independently, and maintain commitment to mission-driven, impact-oriented investment objectives

Requirements

• Coordinate closely with Investments, Asset Management, Legal, Compliance, and LISC shared services to ensure timely and accurate documentation and reporting in compliance with legal agreements, regulatory requirements, and LFM policies
• Develop, maintain, and contribute to continuous improvement of fund management processes, policies, systems, and reporting tools
• Collaborate on overall fund strategic direction for assigned funds, including cash management, distribution, fundraising, and investment allocation and structuring decisions

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