Senior Director, Fund Accounting

Company: Community Development Intermediary

Location: , All

Job Function: Investment


What We Do

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue

  • Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
  • Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
  • Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
  • Develop leadership and the capacity of partners to advance our work together
  • Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 40 years, LISC and its affiliates have invested approximately $24 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 states and Puerto Rico. Visit us at


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.


LISC Strategic Investments is organized into functional expertise groups that lead and support the activities necessary to design, raise, deploy, and manage impact investment funds that invest in business and real estate assets:

  1. Fund Design & Modeling – initial fund concept design and modeling, market testing
  2. Fund Development – raising money from investors for funds
  3. Fund Deployment (Originations and Underwriting)– creating the investment origination strategy; managing the underwriting, investment, construction, and closing process
  4. Fund Management – asset management of commercial real estate and small business investments, managing the cash and servicing operations of the funds, and supporting financial and impact reporting
  5. Small Business Loan Funds – creating the investment strategy and managing the small business loan funds

This position in Fund Management will manage the Asset Management, Fund Accounting, and Impact Reporting functions. This will include two to four direct reports, including the Director, Asset Management and the Director, Fund Accounting, and two to four indirect reports.


The following are an indication of the position’s core responsibilities. These are intended to illustrate the scope of responsibilities and are not exclusive of other duties that may be required.  

  • Team Management & Process Improvements:
    • Effectively manage a team of up to eight professionals including two to four direct reports and two to four indirect reports
    • Establish and refine policies and procedures that organize the team’s efforts and ensure accuracy on tasks executed
    • Manage relationships and service contracts with third party vendors/consultants within each function.
    • Proactively interact with the fund design and deployment team to ensure lessons learned inform future funds and investments
    • Participate in process improvement projects and new product rollouts
  • Asset Management:
    • Oversee Asset Management team responsible for managing real estate and business investments to ensure optimal fund performance.
    • Support asset management in resolving performance issues on the deal level including covenant compliance, borrower and guarantor reporting, servicing, and construction draws.
    • Support resolution of fund investment performance issues for non-performing assets with asset management, internal and external legal counsel including management of extensions and modifications of deal terms for existing portfolio.
  • Fund Operations
    • Oversee cash management from calling funds from investors to redemptions and waterfalls for returning capital
    • Oversee the servicing function for each fund, ensuring accurate tracking of payments and non-payments and conveying that information to other parts of the organization
  • Financial & Impact Reporting:
    • Oversees all required fund financial reporting, ensuring timely, comprehensive, and accurate fund financial reporting,
    • Lead the development and monitoring of impact goals for each investment fund managed by LISC Fund Management.
    • Ensure funds are compliant with impact goals for each fund.
    • Provide comprehensive reporting on impact goals to the investor management team.
  • Assume additional responsibilities as required.



  • Bachelor’s degree from an accredited college or university is required.
  • Minimum seven (10) years or related work experience.
  • Minimum seven (7) years’ experience in commercial real estate loan administration, preferably in affordable housing.
  • Minimum five (5) years’ experience with investment funds specifically and preferably within the asset management function
  • Minimum three (3) years’ experience managing a team of 3 or more individuals.
  • Strong technical expertise in asset management, financial analysis, and financial, impact, and investor reporting.
  • Excellent communication, analytical, decision-making, time management, organizational, follow-up and relationship management skills.
  • Self-starter, ability to work independently as well as collaboratively.
  • Proficiency in Microsoft Office Suite, particularly Microsoft Excel (e.g. VLOOKUPS).
  • Proficiency in Salesforce preferred.
  • Demonstrated interest in LISC’s community development mission.

Compensation and Benefits

LISC offers a competitive salary and excellent fringe benefits. This position is expected to travel less than once per month, up to 15% annually.

How to Apply