Associate, Business Underwriting & Portfolio Management,Strategic Investments

LOCAL INITIATIVES SUPPORT CORPORATION
Position Description


POSITION TITLE: Associate, Business Underwriting & Portfolio Management
REPORTS TO: Director, Credit & Underwriting, Strategic Investments
JOB CLASSIFICATION: Exempt / Full Time
LOCATION: Washington, DC or remote (US) possible


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 www.lisc.org.

LISC 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 Fund Management 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:
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28 Liberty Street, 34 Floor, New York, NY 10005 * T 212.455.9800 * lisc.org



1. Fund Design & Modeling - initial 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 & Measurement - managing the performance of existing investments and conduit
funds, oversight of financial statements & impact reporting


In LISC Fund Management (LFM), we are charged with coordinating the development, investment in, and
deployment of impact investment funds in LISC's local markets nationwide. While many groups within the LISC
organization support fund management activities, LFM will be ultimately responsible for ensuring a successful track
record for LISC's off balance sheet lending, coordinating the efforts of relevant teams to ensure the overall
organization understands who is playing what role and executes on the overall strategy. This role is focused on the
execution of LISC's investment opportunities. The Underwriter will support LFM's origination and execution of new
loans by working with the origination team and credit risk teams by analyzing business financial statements,
conducting due diligence, structuring transactions, assessing credit risk, preparing deal recommendations,
writing/presenting credit memorandums to the committee. The Underwriter will have deep knowledge of public and
private resources available to leverage LISC's investment and will provide support to strategically deploy LISC Fund
Management's full array of financing products through its portfolio of impact investment funds. Finally, this position
requires a passion for doing hard but rewarding impactful work to improve under-invested communities across this
country.

ESSENTIAL DUTIES AND 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.

UNDERWRITING AND PROJECT EVALUATION
- Screen, structure and underwrite business loan requests including owner-occupied real estate loans
- Analyze borrower operating performance, historical and projected financial performance, management
capacity, organizational structure, and industry assessment for business loans
- Analyze credit quality and communicate key risk mitigants, including reserves, guarantees and other
forms of credit enhancement. Sensitize cash flow projections and evaluate impact of new debt on current
cash flow and repayment capacity
- Prepare comprehensive credit memorandums and present investment recommendations to LISC Fund
Management's investment committee
- Collaborate with internal (within LISC Fund Management, LISC counsel) and external parties (borrowers,
banks, co-lenders, attorneys, etc.) to structure financings and manage steps of the closing process. Draft
letters of intent, review contracts and loan documentation, lead due diligence discussions, and attend
transaction closing calls
- Perform all other duties as assigned

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
- Bachelor's degree from an accredited college or university in business, finance, accounting or related
fields. Master's degree preferred
- Minimum 3 years of demonstrated experience in an underwriting and/or portfolio management function
within a community development financial institution or commercial banking/small business lending
platform
- Highly proficient financial analysis skills, including transaction financial modeling and understanding of
financial data (balance sheets, income statements, cash flow statements, financial ratios, etc.) for
community development/small business loans including owner-occupied real estate
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Local Initiatives Support Corporation 28 Liberty Street, 34 Floor, New York, NY 10005 * T 212.455.9800 * lisc.org

- Experience with financing products such as lines of credit, term loans, and owner-occupied real estate
loans
- Prior work-related experience and knowledge of community development lending, Small Business
Administration (SBA) loans, New Markets Tax Credit Finance, project finance, and/or other tax equity
structures preferred
- Working knowledge of commercial loan structuring and documentation
- Demonstrated ability to manage multiple, complex transactions at various stages and coordinate with
multiple internal and external parties to meet approval and closing deadlines
- Some experience with multifamily real estate transaction financing preferred, including project financing,
market analysis, deal structuring, and CRE financial analysis
- Strong verbal and written communication skills and proficiency in Microsoft Office
- Highly detail-oriented with demonstrated ability to work on multiple long-term transactions
simultaneously, communicate effectively, and prioritize assignments to meet deadlines
- Demonstrated interest in LISC's community development mission


LOCATION & COMPENSATION & TRAVEL

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.

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

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Local Initiatives Support Corporation 28 Liberty Street, 34 Floor, New York, NY 10005 * T 212.455.9800 * lisc.org