Senior Director, Fund Finance
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...