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Director, Fund Accounting

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Published 9 days ago

THE ORGANIZATION:  

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 over $22 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 37 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 state and Puerto Rico. Visit us at www.lisc.org

 

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. Visit us at www.liscstrategicinvestments.org                  

                       

About This Role

The Strategic Investments team has been organized into functional expertise groups that lead and support the activities necessary to design, raise, deploy, and manage Impact Funds. Those functional groups are listed below:

 

1.    Fund Design & Modeling – fund concept design and modeling, market testing

2.    Fund Development – raising money from investors for the fund

3.    Fund Deployment – creating the investment origination strategy and managing the underwriting and investment process

4.    Fund Performance & Reporting – managing the performance of existing investments, completing impact reporting, and managing conduit funds

 

This new role will manage fund risk and regulatory compliance, oversee financial and accounting functions and the sub-contractors supporting those services, and work with LISC accounting and finance to ensure the accurate creation of Profit & Loss and Pro-forma analysis for the business unit itself. This role will also create and implement processes for all aspects of day-to-day risk management and oversight of the collection and reporting of accounting and financial performance measurement for multiple funds that tackle the social, racial, and wealth challenges faced in our country today. 

 

 

Responsibilities

 

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.

 

  • Lead the team’s internal development, refinement, and implementation, of accounting policies, procedures, and internal controls related to the fund accounting, reporting, and tax function
  • Manage Strategic Investment’s budget center with Accounting Team
  • Initiate, track, and reconcile invoices and payments to vendors
  • Support Strategic Investments and LISC Accounting with quarterly and annual fund reporting, as needed, to ensure proper reflection and allocation of activity
  • Support the reconciliation of accounts, financial statements, and other analyses on a periodic basis to support the regular closing of the books, consolidation and external reporting requirements
  • Work with accounting contractors to produce a full set of stand-alone and consolidated financial statements for several loan funds
  • Create financial performance metrics for each fund as well as metrics to measure the overall Strategic Investments group
  • Assist with audit process for loan funds
  • Liaise with external Compliance team
  • For any new loan fund, work with accounting teams to set up accounting policies and procedures
  • Track grants coming in for equity into funds
  • Support the needs of LISC with respect to requested financial information from LISC Finance & Accounting
  • Perform all other duties as assigned

 

 

Qualifications

 

  • Bachelor’s degree from an accredited college or university in Accounting, Finance or Business Management is required; Master’s degree in accounting or business preferred
  • Minimum five (5) years accounting experience
  • Two (2) years fund accounting experience, preferred
  • Very strong organizational and presentation skills
  • Experience managing the financial performance and pro forma creation of a business or business unit
  • Strong understanding of Generally Accepted Accounting Principles, General Ledger, Fixed Assets and Financial Reporting; tax accounting expertise preferred
  • Experience with residential and commercial real estate investments strongly preferred
  • Self-starter, ability to work independently and collaboratively
  • Proficiency in Microsoft Office Suite; Expert in Microsoft Excel (e.g. time value of money, if/then statements, VLOOKUP, HLOOKUP)
  • Passion for impact investing and helping under-served communities

 

 

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

 

To apply, please send a cover letter and resume via email to: strategicinvestments@lisc.org. Please be certain to include the title of the position for which you are applying and your name in both the subject of your email.

We thank all applicants for their interest; however only those candidates selected for interviews will be contacted. (No phone calls please)

 

LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE


THE ORGANIZATION:  

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…

Details at a Glance

  • Time Commitment
    Full Time Schedule
  • Education
    4-Year Degree Required
  • Professional Level
    Managerial

Benefits

LISC offers a competitive salary and excellent fringe benefits

LISC offers a competitive salary and excellent fringe benefits

Location

Temporarily Remote
Work must be performed in or near Washington, DC
Associated Location
Washington, DC, USA

How to Apply

To apply, please send a cover letter and resume via email to: strategicinvestments@lisc.org. Please be certain to include the title of the position for which you are applying and your name in both the subject of your email.

We thank all applicants for their interest; however only those candidates selected for interviews will be contacted. (No phone calls please)

To apply, please send a cover letter and resume via email to: strategicinvestments@lisc.org. Please be certain to include the title of the position for which you are applying and your…

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