Manager, Fund Modeling

Company: New Markets Support Company (NMSC)

Location: Chicago, IL

Job Function: Finance


Background

New Markets Support Company (NMSC) provides collaborative financing solutions that bridge the gap between investors and underinvested communities. We offer fund management and administration services across the entire investment lifecycle – from fund idea to exit – boosting the capacity of both investors and fund managers in the community investing market. Our investment strategies focus on increasing access to healthcare, quality jobs, and wealth-building opportunities – especially those that help address racial inequities in the US.

With over $500 million in AUM and $1 billion under administration, NMSC is uniquely positioned to drive capital at scale to solutions creating more equitable, just, healthy, and prosperous communities. We are a part of LISC, the nation’s preeminent community development finance institution.

Summary

The Fund Management (FM) team is the primary contact for NMSC’s Fund Services clients. The main responsibilities are fund development, raising capital, financial structuring and modeling, investor relations, and overseeing fund operations, including capital decision-making, administrative activities, and reporting to investors.

The Manager, Fund Modeling (“Modeler”), will be essential to the team’s financial modeling and structuring business efforts and will be integral to the capital decision-making and communicating fund performance. They will assist Fund Managers in their decision-making process by building, updating, and improving fund models and communicating those results.

Responsibilities

  • Develop, improve, and maintain financial models for funds of various product offerings, including a mixture of debt, equity, grants, and tax incentives
  • Read legal agreements, financial statements, tax returns, and various other documents to inform your updates to financial models
  • Perform scenario and stress testing analyses for funds in development and forecasting existing funds’ performance
  • Improve the efficacy and efficiency of our financial models by conducting research, integrating technology, and making uniform updates across our models
  • Communicate and explain complex financial structures to diverse stakeholders, including existing and prospective clients, investors, lenders, and internal staff

Requirements

You should have a passion for financial modeling and Microsoft Excel, strong interpersonal skills, and a desire to overdeliver to investors and partners. You should be enthusiastic, highly self-motived, and willing to join a small and passionate team working on a myriad of investment funds across the impact investing industry.

  • Minimum 3-5 years of financial modeling experience and a strong understanding of investing and lending processes
  • Advanced proficiency and proven excellence in Microsoft Excel
  • Professional experience in finance, accounting, or related field
  • Ability to work autonomously and collaboratively with multiple projects going on at once
  • Highly self-motivated, organized, and results-driven
  • Strong alignment with NMSC’s Values

Compensation and Benefits

As an organization committed to creating good jobs, we walk the talk. We offer competitive salaries based on candidates’ experiences and skills, plus a performance bonus. We provide excellent benefits, including health, dental and vision insurance, a vesting retirement savings plan with a generous match, ample paid time off and holidays, and more.

How to Apply

Diversity, equity, and inclusion are integral to our values and mission, so we partnered with Applied, the leading platform for de-biased recruiting. Please click on this link (https://app.beapplied.com/apply/m3ebsazkgq) to submit your resume and answer a few questions about your experience, skills, and interests.

NMSC is an equal opportunity employer. Applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law. For more information on NMSC, please visit https://www.lisc.org/new-markets-support-company/.