Application Guide

How to Apply for Senior Asset Manager

at Local Initiatives Support Corporation

🏢 About Local Initiatives Support Corporation

LISC Fund Management (LFM) is a national impact investment platform that bridges private, public, and philanthropic capital to drive community development. Working here means you'll directly contribute to expanding access to housing and small business capital in underserved communities, combining financial rigor with social mission.

About This Role

As a Senior Asset Manager, you'll oversee a portfolio of ~60 mission-driven real estate and community development investments, ensuring strong performance and risk management. Your work directly protects investor capital and supports successful outcomes for borrowers, making a tangible impact on local communities.

💡 A Day in the Life

A typical day might involve reviewing quarterly financial reports from borrowers, flagging any covenant violations, and following up with relationship managers. You'll also participate in calls regarding a watchlist asset, analyzing potential workout options, and update portfolio risk ratings. Afternoons could include preparing an investment memo for a new loan modification or collaborating with the underwriting team on a refinancing.

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🎯 Who Local Initiatives Support Corporation Is Looking For

  • Experienced in commercial real estate debt and equity asset management, with a track record of monitoring complex portfolios and analyzing financial statements and loan documents.
  • Skilled in proactive risk identification and mitigation, including managing watchlist assets, workouts, and default scenarios with creative solutions.
  • A strong relationship manager who can balance borrower support with investor protection, communicating effectively with diverse stakeholders.
  • Passionate about mission-driven investing and community development, with a Bachelor's in Finance, Real Estate, or related field and 6+ years of relevant experience.

📝 Tips for Applying to Local Initiatives Support Corporation

1

Tailor your resume to highlight specific experience with commercial real estate debt and equity, including portfolio sizes, asset types, and workout scenarios.

2

Quantify your achievements in asset management, such as % of portfolio on watchlist, recovery rates, or improvements in portfolio performance.

3

Demonstrate familiarity with LISC's mission by mentioning community development or impact investing in your cover letter.

4

Showcase any experience with HUD, LIHTC, or other affordable housing programs, as these are common in LISC's portfolio.

5

If you have experience managing remote relationships or working across multiple time zones, mention it, as the role is remote.

✉️ What to Emphasize in Your Cover Letter

["Emphasize your alignment with LISC's mission of expanding capital access in underserved communities.", 'Highlight your specific experience in commercial real estate asset management, especially with watchlist and workout assets.', 'Show your ability to balance financial rigor with relationship management, ensuring both borrower success and investor protection.', 'Mention any relevant certifications or training (e.g., CFA, CCIM) and your comfort with financial modeling and analysis.']

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🔍 Research Before Applying

To stand out, make sure you've researched:

  • → Explore LISC's website to understand their fund structures, such as the Affordable Housing Preservation Fund or Small Business Loan Fund.
  • → Read recent news about LISC's impact, including any new funds or partnerships announced in the past year.
  • → Familiarize yourself with key community development finance terms like CDFI, NMTC, and LIHTC.
  • → Review LISC's annual report or impact metrics to understand how they measure success beyond financial returns.
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💬 Prepare for These Interview Topics

Based on this role, you may be asked about:

1 How do you prioritize and manage a large portfolio (60+ investments) to ensure timely monitoring and risk identification?
2 Describe a time you successfully navigated a loan workout or default; what strategies did you use?
3 How do you balance the dual goals of mission impact and financial return in asset management decisions?
4 Walk me through your process for analyzing a property's financial statements to identify early warning signs.
5 How do you handle difficult conversations with borrowers who are struggling to meet loan covenants?
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⚠️ Common Mistakes to Avoid

  • Failing to connect your experience to mission-driven work; LISC values candidates who understand their social impact.
  • Overlooking the importance of relationship management in asset management; this role requires strong interpersonal skills.
  • Not providing specific examples of portfolio management or workout scenarios; generic answers will stand out negatively.

📅 Application Timeline

This position is open until filled. However, we recommend applying as soon as possible as roles at mission-driven organizations tend to fill quickly.

Typical hiring timeline:

1

Application Review

1-2 weeks

2

Initial Screening

Phone call or written assessment

3

Interviews

1-2 rounds, usually virtual

✓

Offer

Congratulations!

Ready to Apply?

Good luck with your application to Local Initiatives Support Corporation!

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