Senior Asset Manager

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%)

Serve as the primary relationship manager for an assigned portfolio of debt and equity investments across designated LFM-managed funds.

Develop and maintain proactive relationships with borrowers, serving as the primary point of contact throughout the life of each investment.

Monitor borrower performance through analysis of financial statements, operating results, property cash flows, rent rolls, budgets, and other portfolio reporting.

Compare ongoing portfolio performance against original underwriting assumptions and investment projections, identifying material variances, emerging risks, and opportunities for proactive intervention.

Review loan documents to ensure borrower compliance with loan covenants, reporting requirements, insurance, taxes, maturity dates, and other credit conditions.

Verify loan balances, accrued interest, servicing activity, and other financial information to ensure portfolio accuracy.

Review servicing reports and payment activity to identify delinquencies, payment trends, and servicing discrepancies.

Communicate regularly with borrowers to understand project performance, discuss operational challenges, and support successful loan outcomes.

Participate in post-closing loan transitions to ensure accurate transfer of underwriting assumptions and ongoing monitoring requirements.

Conduct periodic site visits and annual portfolio reviews to evaluate property performance, strengthen borrower relationships, and identify risks that may not be evident through financial reporting.

Portfolio Reporting and Financial Analysis (25%)

Prepare portfolio analyses, loan summaries, impairment analyses, and asset performance reports for management review.

Prepare and update Excel-based portfolio risk ratings using established qualitative and quantitative assessment frameworks.

Maintain accurate and current portfolio data across asset management systems, reporting tools, and portfolio trackers.

Coordinate preparation of portfolio analyses and reporting materials supporting Fund Management oversight and investment decision-making.

Monitor and report portfolio financial and impact metrics in accordance with fund reporting requirements and established reporting timelines.

Support audits by maintaining accurate, complete, and audit-ready portfolio documentation.

Support standardized documentation practices and continuous improvement of portfolio reporting and data integrity.

Watchlist and Spec