Fund Manager, Commercial Real Estate

This is a fully remote position, open to applicants in United States.

📋 Description

• Manage the financial oversight, reporting, and operational efficiency of specified impact investment funds, including place-based affordable housing initiatives.

• Report directly to the Director of Fund Management.

• Review and authorize quarterly and annual financial statements, investor reports, CECL impairment, and performance assessments.

• Evaluate fund-level performance, focusing on income statements, balance sheets, capital accounts, and portfolio returns.

• Deliver quarterly fund performance summaries to executive leadership and LISC Finance.

• Supervise and regulate fund-level expenditures, budgeting, and forecasting processes.

• Oversee management fees and other obligations at the fund level.

• Assist in preparing impact and performance reporting documents.

• Direct capital call and distribution procedures, including construction draw reconciliation, timing of the pipeline, and fund liquidity.

• Track portfolio cash flows and coordinate deployment with Asset Management and Investments.

• Maintain fund models, validate assumptions and outputs, and disseminate crucial insights.

• Review and confirm capital account activities and investor allocations.

• Identify and escalate risks associated with liquidity, timing, or concentration within the portfolio.

• Prepare decks and reporting materials for investors.

• Support investor meetings, analyses, fund-specific inquiries, and presentations regarding financial performance, outlook, and strategy.

• Ensure the timely distribution of quarterly and annual investor reports.

• Collaborate with Investments, Asset Management, Legal, Compliance, and LISC shared services on documentation and reporting.

• Enhance fund management processes, policies, systems, and reporting tools.

• Partner on fund strategy, cash management, distributions, fundraising, and investment allocation and structuring.

• Supervise and mentor a Financial Analyst.

• Ensure appropriate workload distribution and resource allocation.

• Provide performance feedback and encourage professional growth.

⛳️ Requirements

• Bachelor's degree in Finance, Economics, Business Administration, Accounting, or a related field is required.

• At least 6 years of experience in fund management, private equity, real estate investment management, financial services, or community development finance.

• Proven experience in managing fund-level financial reporting, capital accounts, capital calls, and investor reporting processes.

• Comprehensive understanding of real estate investment structures and fund economics, including waterfall calculations, capital allocations, and fee structures.

• Experience with affordable housing, impact investment funds, or place-based real estate vehicles is preferred.

• Familiarity with LIHTC, HTC, or NMTC is preferred.

• Advanced skills in Excel, including financial modeling and complex reconciliations.

• Experience with fund accounting or financial reporting systems is required.

• Strong analytical and problem-solving capabilities.

• Excellent written and verbal communication skills.

• Experience coordinating with investments, asset management, legal, compliance, and finance teams.

• Ability to manage multiple deadlines, exercise sound judgment, work independently, and stay committed to mission-driven, impact-oriented investment goals.

• CFA, MBA, MPA, or other relevant advanced degrees are preferred.

🏝️ Benefits

• Medical, Dental, and Vision Coverage.

• Disability Insurance (including long-term and short-term coverage).

• Retirement Savings through 401(k) and 403(b) plans.

• Generous Holiday Schedule.

• Vacation, PTO, and Sick Days.

• Tuition Assistance.

• Referral Program.

• Opportunities for Professional Development, including ongoing training and development programs.