Senior Director, Underwriting & Loan Administration

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

LISC Fund Management (LFM) leads the design, development, and deployment of impact investment funds in LISC's local markets nationwide. LFM 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 LISC's 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 LFM, the LISC Local Offices, and other stakeholders within LISC. While many groups within the LISC organization support fund management activities, the LFM 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

As a Senior Director, Underwriting & Loan Administration with a passion for community development, you'll lead LISC Strategic Investments’ credit strategy, underwriting, and loan administration. This pivotal role combines your extensive experience in real estate and small business lending with your commitment to social impact finance to oversee a diverse portfolio of real estate and small business loans at around 840M AUM.

 

You'll leverage your 10+ years of non-consumer lending expertise, including significant experience with LIHTC deals and affordable housing, to manage a portfolio of loans ranging from $1-10M. Your focus will be on real estate investments and small business opportunities that drive community growth, while maintaining a keen eye for risk mitigation through rigorous processes.

 

As someone who values impact but understands the importance of risk management, you'll bring a balanced approach to our credit culture. You're not afraid to say "no" when necessary, but you excel at identifying ways to further mitigate risks to make deals work. Your deep understanding of credit risk assessment, portfolio management, and community development finance will be crucial in shaping our organization's lending policies and ensuring the sustainability of our mission-driven investments.

 

Leading a team of skilled professionals, you'll foster a culture of analytical rigor, ethical decision-making, and process adherence. You'll enforce a structured approach to risk mitigation, ensuring all team members follow established processes meticulously. Your experience with underwriting, loan

administration, and tax credit incentive programs will be invaluable as we navigate complex financial landscapes to maximize our social impact.

 

This role offers you the opportunity to apply your advanced financial analysis skills and strategic thinking to real-world challenges in community development. Unlike an originator, you're not deal-crazy, but rather focused on maintaining a balanced portfolio through careful risk assessment. Your ability to communicate complex credit issues to diverse stakeholders – from borrowers and investors to community partners – will be key to our success.

 

Please apply If you're ready to leverage your extensive credit and underwriting leadership experience to make a meaningful difference in communities, while managing a sophisticated loan portfolio and mentoring the next generation of community development finance professionals. Join us in our mission to create lasting positive change through innovative, responsible, and process-driven lending practices.

 

Responsibilities

Credit Strategy and Risk Management (45%)

• Manage the credit approval process
• Develop and implement credit policies and procedures
• Oversee risk assessment for the loan portfolio
• Establish credit risk appetite and tolerance levels
• Monitor market trends and adjust credit strategy accordingly
• Provide strategic input on new Fund development and lending initiatives
• Collaborate with originations team to structure complex deals

 

Portfolio Management and Underwriting (35%)

• Run credit committee meetings
• Review and initially approve complex loan applications before credit committee<