Senior Director, Fund Finance

Job description

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 adviser, 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) seeks an experienced fund finance professional to serve as Senior Director, Fund Finance within the Fund Management & Finance team. The Senior Director is responsible for leading the financial reporting and close process across LFM-managed funds, ensuring that fund financial statements are accurate, timely, complete, and appropriately analyzed and communicated to internal stakeholders. Reporting to the **Vice President, Fund Management & Finance**, the Senior Director serves as the day-to-day owner of fund financial reporting across approximately 12 existing funds and new funds as the platform grows. The role quarterbacks quarterly and annual closes, financial statement review, fund and organizational audits, and finance-related preparation for SEC examinations, working closely with LFM's third-party fund administrator, Broadstreet Impact Services, LISC Finance, external auditors, and other stakeholders. The Senior Director also oversees third-party treasury management and loan servicing providers, ensuring accurate, timely, and well-controlled financial operations across the fund platform. The Senior Director serves as the primary day-to-day manager of LFM's fund accounting, treasury management, and loan servicing providers, with particular responsibility for the Broadstreet relationship and the quality and timeliness of fund financial reporting, establishing expectations, monitoring deliverables, holding the provider accountable for quality and timelines, and escalating significant service or performance issues as appropriate. The role also coordinates closely with Fund Managers, who retain responsibility for fund performance, cash management, capital calls and distributions, and investor-facing fund management. This position combines strong fund accounting expertise with financial analysis, judgment, and stakeholder management. The ideal candidate understands the full financial lifecycle of an investment fund, can independently manage repeated quarterly and annual close cycles across funds at different stages of maturity, and can move beyond closing the books to identify trends, explain financial results, and surface issues requiring leadership attention. The Senior Director also leads the Senior Associate, Fund Finance and helps establish scalable policies, procedures, and financial reporting practices as LFM's fund portfolio grows. **Responsibilities** **Fund Financial Reporting, Close & Analysis (40%)** - Lead the quarterly and annual financial reporting and close process across 12-24 LFM-managed funds and related entities, ensuring timely completion of accurate financial statements and supporting schedules. - Review balance sheets, income statements, reconciliations, investment activity, expenses, allocations, and other fund financial information to identify errors, inconsistencies, trends, and issues requiring further investigation. - Provide final review and approval of fund financial reporting following initial review and quality-control activities performed by the Senior Associate, Fund Finance. - Own resolution of financial reporting questions from identification through close-out, coordinating with Broadstreet, LISC Finance, Fund Managers, and other stakeholders as necessary. - Analyze completed financial statements and prepare clear summaries of significant results, trends, variances, and issues for the VP, Fund Management & Finance and other LFM leadership. - Ensure fund financial statements appropriately reflect investment activity, loan servicing activity, cash and treasury activity, fund expenses, allocations, distributions, and other material fund transactions. - Support annual budgeting by providing historical financial results, reporting inputs, and analysis in coordination with Fund Management and leadership. - Lead fund-finance reporting processes throughout the fund lifecycle, including financial reporting setup for new funds, recurring close and reporting during the investment and operating periods, and financial close-out and reporting through fund wind-down. **Fund Administration, Treasury & External Partner Management (25%)** - Serve as the day-to-day relationship owner for Broadstreet Impact Services and other third-party financial service providers, including fund accounting, treasury management, and loan servicing vendors. - Maintain day-to-day accountability for Broadstreet's performance against agreed-upon scopes, timelines, and quality standards; directly resolve routine service and reporting issues and escalate material or recurring performance concerns to appropriate LFM leadership. - Establish and monitor reporting timelines, deliverables, quality expectations, and outstanding items across third-party providers, holding vendors accountable for accurate, complete, and timely performance. - Review Broadstreet-prepared financial statements, supporting schedules, and financial workbooks, including Excel-based reporting for Small Business Funds, and identify errors, inconsistencies, or incomplete information requiring correction. - Oversee treasury-management activities across LFM-managed funds, including appropriate controls, cash activity, bank-account administration, and coordination of fund-level treasury needs. - Oversee third-party loan servicing activities, reviewing servicing information and coordinating resolution of discrepancies or issues with Fund Management, Asset Management, and other stakeholders as appropriate. - Proactively identify recurring service, reporting, or control issues across vendors; drive resolution and escalate material performance concerns to LFM leadership when necessary. - Coordinate with LISC Finance to ensure fund financial activity is accurately understood and incorporated into LFM and parent-company financial reporting, as applicable. - Manage relationships with external auditors, tax providers, and other finance-related service providers. **Audit, Compliance & Financial Reporting Infrastructure (20%)** - Lead the financial reporting and finance workstreams for annual audits of LFM-managed funds, coordinating financial statements, schedules, supporting documentation, responses, and proposed adjustments with Broadstreet, external auditors, Fund Managers, and other stakeholders. - Lead Fund Finance's role in LFM organizational audits, ensuring fund-level and management-company financial information is accurate, complete, reconciled, and supported. - Lead Fund Finance's financial preparation and response activities for SEC examinations and audits, coordinating with LFM Compliance, Legal, LISC Finance, external providers, and leadership to produce requested financial records and resolve financial-reporting questions. - Serve as the primary finance contact for auditors and examiners on fund financial reporting matters, ensuring questions and requests are tracked through resolution and material issues are appropriately escalated. - Review audit schedules, supporting documentation, proposed adjustments, findings, and financial-reporting observations; investigate discrepancies and coordinate corrective actions. - Maintain strong working knowledge of U.S. GAAP, fund governing documents, SEC/RIA requirements applicable to the role, organizational policies, and other relevant financial-reporting requirements. - Develop and strengthen fund-finance policies, close procedures, review standards, documentation requirements, internal controls, and quality-assurance practices. - Establish scalable financial reporting, treasury, servicing-oversight, and audit processes capable of supporting continued growth in the number and complexity of LFM-managed funds. **Leadership & Cross-Functional Financial Partnership (15%)** - Supervise, coach, and develop the Senior Associate, Fund Finance, establishing clear responsibilities for first-level review, issue identification, and reporting support. - Partner with Fund Managers to ensure fund activity and management decisions are accurately reflected in financial reporting, while maintaining clear accountability between Fund Finance's ownership of financial reporting and analysis and Fund Management's ownership of fund performance, cash-management decisions, capital calls, distributions, and investor-facing fund management. - Partner with LISC Finance, Fund Management, Investor Relations, Legal, Compliance, and other stakeholders to communicate fund financial information accurately and resolve financial reporting issues. - Escalate significant accounting issues, reporting discrepancies, emerging financial trends, or unresolved partner issues to the VP and other appropriate leadership with clear analysis and recommended next steps. - Provide financial reporting and analysis to support internal management reporting and investor-related financial information in coordination with Investor Relations. - Translate complex accounting and fund financial information into clear, decision-useful insights for leadership and non-accounting stakeholders. **Qualifications** - Bachelor’s degree in Accounting, Finance, or a related field required. - Minimum of 10 years of progressive accounting, fund finance, or financial reporting experience, including significant direct experience with investment fund accounting and financial reporting. - Demonstrated experience leading recurring quarterly and annual close processes across multiple investment funds or comparable investment entities, including funds at different stages of their lifecycle. - Strong understanding of the full fund financial lifecycle, including accounting close, financial statement preparation and review, reconciliations, audit, ongoing fund operations, and fund wind-down. - Demonstrated ability to review and analyze balance sheets, income statements, supporting schedules, and fund accounting workpapers; identify errors, inconsistencies, and trends; and communicate meaningful findings and recommendations to leadership. - Experience overseeing third-party fund accounting, treasury management, and loan servicing providers, including reviewing deliverables, resolving discrepancies, managing service expectations, and escalating performance issues. - Experience overseeing fund-level treasury activities and controls, including cash activity, bank account administration, and related financial reporting. - Working knowledge of loan servicing operations, with the ability to review servicing outputs and identify financial, accounting, or reconciliation issues. - Significant experience leading financial workstreams for annual fund audits and organizational financial audits, including coordination of supporting schedules, auditor requests, proposed adjustments, and findings. - Experience supporting SEC examinations or other comparable regulatory examinations within an investment management environment. - Strong knowledge of U.S. GAAP, investment fund accounting and financial reporting, internal controls, and applicable investment management regulatory requirements. - Advanced proficiency in Microsoft Excel, including the ability to independently review and analyze complex financial workbooks, reconciliations, and supporting schedules. - Strong stakeholder and relationship management skills, with demonstrated experience coordinating across external financial service providers, auditors, internal finance teams, and business leadership. - Demonstrated ability to manage multiple concurrent fund closes, audits, vendor relationships, and reporting deadlines while maintaining accuracy and attention to detail. - Demonstrated experience supervising, reviewing, coaching, and developing finance or accounting professionals. - Strong written and verbal communication skills, including the ability to translate complex accounting and financial information into clear, decision-useful insights for senior leadership. **Preferred:** - CPA or other relevant accounting or finance credential. - Experience within private equity, private credit, real estate, impact investing, or another investment fund environment. - Experience with funds at multiple lifecycle stages, including launch, active investment, maturity, and wind-down. - Experience establishing or improving fund finance policies, close procedures, internal controls, and reporting practices within a growing investment platform. **COMPENSATION** LISC offers a competitive salary ($154,236-$196,651) 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.