Director, Finance Operations – Strategic Investments

About Local Initiatives Support Corporation

Local Initiatives Support Corporation (LISC) is a nonprofit organization that forges resilient and inclusive communities of opportunity across America. Founded in 1979, LISC has invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects. Headquartered in New York City, LISC operates in 38 markets across the country, from Buffalo to San Francisco, and in 2,400 rural counties across 49 states and Puerto Rico. LISC works with residents and partners to catalyze economic, health, safety, and educational mobility for individuals and communities, strengthen existing alliances while building new collaborations, develop leadership and the capacity of partners, and drive local, regional, and national policy and system changes. The organization is committed to promoting broadly shared prosperity and well-being. For more information, visit www.lisc.org.

About this Role

LISC Fund Management is seeking a Director of Finance Operations to play a pivotal role in shaping the financial future of our organization and the communities we serve. As the Director of Finance Operations, you will be overseeing the financial operations of 11 diverse funds with a focus on real estate and small business loans. This role offers a unique opportunity to leverage your expertise in financial management, treasury management, and financial strategy to drive meaningful change in underserved communities. In this position, you will work closely with Fund Managers, providing crucial financial insights that inform strategic decisions. Your ability to translate complex financial data into actionable recommendations will be key to our funds’ success. Additionally, you’ll manage our relationship with a critical external accounting and fund administration vendor, ensuring seamless execution of fund accounting, treasury operations, loan servicing, and financial reporting. Your role will be instrumental in bridging LFM’s financial operations with LISC’s FP&A functions, ensuring consistency and efficiency across the organization. This position is ideal for a self-driven professional who thrives in a dynamic environment and enjoys the challenge of managing multiple priorities. Your meticulous attention to detail, coupled with your strategic thinking, will be essential in navigating the complexities of nonprofit fund management. If you have a proven track record in financial leadership, a strong background in financial management, accounting and/or treasury management, and a desire to make a tangible impact through finance, we want to hear from you. Join us in our mission to drive economic growth and create opportunities in the communities we serve.

Responsibilities

• Ensure timely and accurate financial reporting for LISC Fund Management (LFM)
• Prepare and present LFM-level financial reports quarterly to the leadership team
• Take full responsibility for LFM Board level financial reporting, including preparing budget slides for the President’s LFM board deck and presenting financial updates quarterly
• Oversee LFM budgeting, forecasting, and adjustments by reviewing work prepared by the LISC FP&A team
• Develop, implement, and continuously improve financial policies and procedures to enhance operational efficiency at the LFM level
• Review financial reports for all 11+ funds prepared by fund managers/administrators, ensuring accuracy and compliance
• Conduct comprehensive financial analysis and provide strategic insights to Fund Managers to support decision-making processes
• Manage and optimize treasury functions across all funds
• Review and oversee Capital Calls for all managed funds
• Review financial reports, budgets, and forecasts for individual funds
• Develop and implement financial policies and procedures to enhance operational efficiency across funds
• Serve as primary liaison with the external vendor handling fund accounting, treasury management, loan servicing, and financial reporting
• Oversee vendor performance, ensuring deliverables meet quality and timeliness standards, to include accurate completion of capital calls
• Collaborate with the vendor to streamline processes and implement best practices
• Regularly review and report on service level agreements
• Prepare and present comprehensive financial reports to Fund Managers and leadership
• Collaborate with Fund Managers to align financial strategies with fund objectives
• Communicate financial performance, risks, and opportunities to relevant stakeholders including corporate accounting team
• Facilitate financial decision-making by providing clear, actionable insights
• Represent the fund finance function in cross-functional meetings and initiatives
• Primary contact point for annual financial audit, working in collaboration with many stakeholders
• Contribute to strategic planning and organizational growth initiatives

Requirements

• Bachelor’s degree in Finance, Accounting, or related field from an accredited college or university OR relevant related work experience; MBA, CPA, or similar advanced degree preferred
• Minimum eight (8) years of non-consumer lending experience and/or financial management, preferably in CDFIs, nonprofit organizations, or impact investing firms
• Proven track record of managing complex financial operations including demonstration of expertise to manage combined assets exceeding $800 million
• Demonstrated expertise in accounting principles, treasury management, and financial reporting for nonprofit/financial organizations
• Strong experience in vendor management, particularly in overseeing outsourced financial services
• Exceptional analytical skills with the ability to translate complex financial data into actionable insights for non-financial stakeholders
• Excellent communication and relationship-building skills, particularly in working with diverse stakeholders, leadership, and external vendors
• Demonstrated ability to work independently and manage multiple priorities in a dynamic environment
• Proficiency in financial modeling, forecasting, and advanced Excel skills
• Familiarity with fund accounting software and financial management systems a plus
• Demonstrated commitment to and passion for community development and social impact finance
• Excellent communication and relationship-building skills, particularly in working with diverse stakeholders including borrowers, investors, and community partners

Benefits

• 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