What We Do

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue

Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
Develop leadership and the capacity of partners to advance our work together.
Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Since 1979, LISC and its affiliates have invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 states and Puerto Rico. Visit us at www.lisc.org

Position Description

Local Initiatives Support Corporation (LISC) is seeking to fill the position of Executive Vice President for Lending. The essence of the position will be providing leadership for LISC’s lending activities, creating, and establishing, in close coordination with LISC’s Chief Executive Officer and President, a vision for the role of LISC’s lending in supporting its community revitalization mission, and implementing that vision. This will include reviewing of all aspects of LISC’s lending – policies, procedures, requirements, staffing structure and roles, the credit approval process, and the types of capital LISC makes available as it relates to the needs of the communities LISC serves and the products offered by other intermediaries. Asset classes include multifamily housing, homeownership, charter school facilities, federally qualified health centers, community facilities, commercial facilities, and small business lending.

The Executive Vice President for Lending oversees the operations of the Lending Department. This staff handles the day- to-day tasks of originating, underwriting, approving, closing, deploying, asset managing and ensuring the quality of LISC’s loan portfolio to maintain the highest S&P investment grade rating while meeting community need and impact.

The primary duties of the position include:

Execute Business Plan: Working in partnership with the senior vice president, vice presidents and all levels of the organization to execute and update the business (operating) plan to deliver on the goals of the strategic five-year plan, implementing new processes and approaches to deepen and grow core business lines, broaden and expand services and strengthen internal capacity:

Work with senior team to implement annual department and executive-level work plans to ensure that CDFI and CDE are on track to meet goals articulated in the Strategic Plan.
Develop and implement internal benchmarks, internal controls and establish processes for staff measurement, reporting, evaluation, and development.
Lead the senior management team in creating an organizational staffing growth and succession plan that provides internal infrastructure and ensures capacity to succeed with programs and goals.
Lead the performance management process with executive team to ensure all systems and operations are functioning efficiently and effectively to meet growth and performance goals.
Ensure proper oversight and ensure an independent structure is in place for asset management and credit risk rating. This includes proactively updating the CEO and Board of Directors regarding the direction of asset quality.
Support the risk management and business development of new lending programs and initiatives that may further advance income generation and community impact.

Capital & Fund Raising: Assist the CEO and SVP Treasury, including:

Lead efforts to identify and assess new opportunities to fill financing and/or programmatic gaps in the community development sector in alignment with LISC’s strategic direction.
Advise CEO on strategy for all grant and other funding applications and serve as the primary point of contact for consultants retained to write the application.
Monitor budget in partnership with SVP – treasury to determine adjustment to be made to ensure annual budget goals are met and report to president monthly.
Development and implementation of systems for reporting, measurement and supporting revenue generation.

Internal Leadership: Serve as the internal leader of the lending division, providing high-level leadership ensuring functional operational and solid framework for program expansion:

Provide for all staff a strong day-to-day leadership presence; support an open-door policy for all staff members.
Ensure optimal functionality and efficiency, including efforts to streamline internal data systems across departments.
Work with management team to execute a highly effective project management process.
Ensure that key impact measurements are in place and utilized to make mission delivery improvements.

Required Leadership Competencies:

Results focused - proven track record of exceeding goals and deadlines with a bottom-line orientation.
Manages Ambiguity - evidence of the ability to consistently make good decisions through a combination of analysis, experience, and judgment.
Aligns Execution - high level of business acumen, including successful P&L management and the ability to balance the delivery of programs against the realities of a budget; problem solving, project management, and creative resourcefulness.
Action Oriented - enjoys working hard and looks for challenges; able to act and react as necessary even if limited information is available.
Navigates Networks - effectively building formal and informal relationships inside and outside of the organization.
Manages Conflict - not afraid to take charge of a situation; communicates directly and can overcome resistance to change and take unpopular stands when necessary.
Strategic Vision and Agility - ability to think strategically, anticipate future consequences and trends, and incorporate them into the organizational plan.
Leadership - ability to effectively build organization and staff capacity, develop an engaged workforce and the processes that ensure the organization runs smoothly with high morale.
General Management - thorough understanding of finance, lending, systems, and HR; broad experience with the full range of business functions and systems; must be highly organized.
Situational Adaptability - ability to manage multiple projects and assignments, meet tight deadlines; coordinate and communicate effectively among widely dispersed parties, and cultivate new relationships.

Qualifications:

Bachelor’s or advanced degree from an accredited college or university or relevant work experience.
Minimum fifteen (15) years real estate experience preferably working with LIHTC and/or NMTC or comparable experience in commercial real estate, banking/finance or urban planning.
Minimum ten (10) years of progressively responsible management experience, including managing teams with senior management experience.
Must have working knowledge of real estate, finance and/or operations.
Experience with loan asset management, acquisitions, credit, underwriting in community development.
Self-starter and ability to work independently as well as collaboratively.
Proficiency in Microsoft Office suite, particularly Microsoft Excel.
Excellent oral and written communication skills with demonstrated ability to represent LISC's mission and work in all internal and external forums.
Ability to travel up to 25% of the time domestically.

Compensation

LISC provides a competitive salary commensurate with experience and location and excellent fringe benefits for this position.

Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE

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Michigan Applicants: Persons with disabilities needing accommodations for employment must notify the Company in writing of the need for an accommodation within 182 days after the date the person with a disability knew or reasonably should have known that an accommodation was needed.

Rhode Island Applicants: LISC is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law.

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Executive Vice President, Lending

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