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Fund Manager, Commercial Real Estate

Local Initiatives Support Corporation
Location
Remote
Posted
26 days ago
Department
Strategic Investments
Salary
$127,685-$159,606
What they actually want (must-haves)
  • Bachelor’s degree in Finance, Economics, Business Administration, Accounting, or related field
  • Minimum 6 years of experience in fund management, private equity, real estate investment management, financial services, or community development finance
  • Demonstrated experience managing fund-level financial reporting, capital accounts, capital calls, and investor reporting processes
  • Strong understanding of real estate investment structures and fund economics, including waterfall calculations, capital allocations, and fee structures
  • Advanced proficiency in Excel, including financial modeling and complex reconciliation; experience with fund accounting or financial reporting systems
  • Strong analytical and problem-solving skills
Nice to have
  • CFA, MBA, MPA, or other relevant advanced degree
  • Experience working with affordable housing, impact investment funds, or place-based real estate vehicles
  • Familiarity with LIHTC, HTC, or NMTC
What the job really is

The Fund Manager, Commercial Real Estate at LISC is responsible for overseeing the financial management and reporting of impact investment funds, particularly in affordable housing. This role involves building financial models, managing capital calls and distributions, preparing investor reports, and ensuring compliance with legal and regulatory requirements. The Fund Manager collaborates with various internal teams to maintain fund performance transparency and supports investor communications.

Benefits
  • Medical, Dental, Vision Coverage
  • Disability Insurance
  • Retirement Savings
  • Generous Holidays
  • Vacation, PTO, and Sick Days
  • Tuition Assistance
Things to weigh
  • No specific mention of remote work policies beyond the location being remote
  • The role does not duplicate finance, underwriting, originations, or legal functions, which may limit exposure to those areas
  • Salary range provided, but actual salary may vary based on multiple factors
Job score4.2/5
Benefits4/5
Freshness4/5
Career value4/5
Role clarity4/5
Pay transparency5/5

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