Director of Financial Operations

3 weeks ago


Washington, United States Local Initiative Support Corporation Full time
About This Role

LISC Fund Management is seeking a seasoned financial professional to serve as the Director of Finance Operations. This critical role will oversee the financial operations of 11 diverse funds, focusing on real estate and small business loans.

Key Responsibilities
  • Ensure timely and accurate financial reporting for LISC Fund Management (LFM)
  • Prepare and present LFM-level financial reports quarterly to the leadership team
  • Oversee LFM budgeting, forecasting, and adjustments by reviewing work prepared by the LISC FP&A team
  • Develop, implement, and continuously improve financial policies and procedures to enhance operational efficiency at the LFM level
Fund-Level Responsibilities
  • Review financial reports for all 11+ funds prepared by fund managers/administrators, ensuring accuracy and compliance
  • Conduct comprehensive financial analysis and provide strategic insights to Fund Managers to support decision-making processes
  • Manage and optimize treasury functions across all funds
  • Review and oversee Capital Calls for all managed funds
  • Review financial reports, budgets, and forecasts for individual funds
  • Develop and implement financial policies and procedures to enhance operational efficiency across funds
Vendor Relationship Management
  • Serve as primary liaison with the external vendor handling fund accounting, treasury management, loan servicing, and financial reporting
  • Oversee vendor performance, ensuring deliverables meet quality and timeliness standards, to include accurate completion of capital calls
  • Collaborate with the vendor to streamline processes and implement best practices
  • Regularly review and report on service level agreements
Requirements
  • Bachelor's degree in Finance, Accounting, or related field from an accredited college or university OR relevant related work experience; MBA, CPA, or similar advanced degree preferred
  • Minimum eight (8) years of non-consumer lending experience and/or financial management, preferably in CDFIs, nonprofit organizations, or impact investing firms
  • Proven track record of managing complex financial operations including demonstration of expertise to manage combined assets exceeding $800 million
  • Demonstrated expertise in accounting principles, treasury management, and financial reporting for nonprofit/financial organizations
  • Strong experience in vendor management, particularly in overseeing outsourced financial services
  • Exceptional analytical skills with the ability to translate complex financial data into actionable insights for non-financial stakeholders
  • Excellent communication and relationship-building skills, particularly in working with diverse stakeholders, leadership, and external vendors
  • Demonstrated ability to work independently and manage multiple priorities in a dynamic environment
  • Proficiency in financial modeling, forecasting, and advanced Excel skills
  • Familiarity with fund accounting software and financial management systems a plus
  • Demonstrated commitment to and passion for community development and social impact finance


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