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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.
About LISC Fund Management – Where community and capital grow together
LISC Fund Management (LFM) is a national impact investment platform that designs, raises, and manages mission-driven funds to expand access to capital for housing and small businesses in communities across the country. Drawing on LISC’s deep expertise in community development financing, LFM (a LISC subsidiary), connects private, public, and philanthropic capital to local initiatives that drive inclusive economic growth and long-term community stability.
As an SEC-registered investment advisor, LFM partners with cities, investors, developers, and community stakeholders to deliver innovative public-private solutions that balance measurable impact with responsible financial returns. Our work is grounded in the belief that capital, when thoughtfully deployed, can be a powerful tool for advancing opportunity and strengthening communities nationwide.
Our Vision
To become a national investment partner — delivering innovative public-private solutions that scale local investment, drive high impact, and generate responsible returns.
Our Mission
Harnessing LISC’s expertise in community development financing to expand investment opportunities in housing and small business — connecting capital to community initiatives and driving sustainable growth nationwide.
Our Core Values
Partnership • Opportunity • Performance • Stewardship • Innovation
These values guide how we collaborate, invest, manage risk, and measure success — ensuring accountability to our investors, partners, and the communities we serve.
How We Work
LFM operates as an integrated investment platform, aligning capital raising, investment execution, and long-term fund stewardship to deliver measurable impact and responsible returns. Our teams work collaboratively across the full fund lifecycle — from concept and capitalization through deployment, asset management, and reporting — ensuring continuity, accountability, and strategic alignment at every stage.
We bring funds to market through our Fund Development and Marketing department, building strong investor partnerships and clearly communicating both impact and performance. Our Fund Investment and Asset management department ensures disciplined underwriting, active portfolio oversight, and long-term value creation for communities and investors alike. Fund Management and Finance provides the financial rigor, transparency, and fiduciary oversight required of an SEC-registered investment advisor, while Operations and Administration ensure compliance, governance, and scalable internal systems that support sustainable growth.
Together, this integrated approach allows LFM to connect capital to community initiatives efficiently and responsibly — turning local investment into lasting, national impact.
Position Description
LISC Fund Management (LFM), a wholly-owned subsidiary of LISC, seeks an experienced and analytical professional to serve as Senior Asset Manager within the Fund Investments & Asset Management team. This role is responsible for managing a portfolio of mission-driven real estate and community development debt and equity investments throughout the life of each loan, ensuring strong portfolio performance, borrower compliance, prudent risk management, and alignment with fund objectives.
Reporting to the Director, Asset Management (who sits under the VP, Fund Investments), the Senior Asset Manager serves as the primary relationship manager for an assigned portfolio of approximately 60 debt and equity investments across designated funds, including the Charlotte Housing Opportunity Investment Fund (CHOIF I and II) and Detroit-based funds. The portfolio includes performing, higher-risk, watchlist, and defaulted assets involving both emerging and experienced developers.
The Senior Asset Manager is responsible for monitoring portfolio performance by analyzing borrower financial statements, property cash flows, loan documentation, covenant compliance, and project performance. The role proactively identifies emerging risks, develops mitigation strategies, and works directly with borrowers to support successful loan performance while protecting investor capital.
The position partners closely with Underwriting, Construction Management, Loan Administration, Fund Management, Legal, and Servicing throughout the investment lifecycle. In addition to managing complex assets, the Senior Asset Manager provides technical guidance to other Asset Management team members, contributes to portfolio-wide risk assessments, and supports continuous improvement of asset management policies, reporting, and best practices.
This role is well suited for a professional with significant commercial real estate lending or asset management experience who combines strong financial analysis with relationship management skills, exercises sound independent judgment, and thrives in a collaborative, mission-driven investment environment.
Responsibilities
Portfolio Oversight and Asset Performance (45%)
Portfolio Reporting and Financial Analysis (25%)
Watchlist and Special Asset Management (20%)
Cross-Functional Collaboration and Continuous Improvement (10%)
This position is expected to travel less than once per month, up to 15% annually.
Qualifications
Compensation
LISC offers a competitive salary ($ 105,000 - $130,000 ) and excellent fringe 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.