Deputy Director
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Full-time
USD75.4K - 100K/year
~COP150M - 200M/year
+ Equity
+ Bonuses
Posted about 3 years ago
Responsibilities
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.
The Deputy Director is responsible for the day-to-day management of LISC Indianapolis operations, fund development, and programmatic activity. The Deputy Director will have a true passion for the value, priorities and goals of LISC Indianapolis and a commitment to strengthen the place-based ecosystem. The Deputy Director will work closely with the Executive Director to maintain a robust, growing and leading edge LISC program and will lead our highly productive and capable staff and fundraising, lending, investing and grantmaking activities.
Responsibilities:
- Oversee the growth of the LISC Indianapolis lending pipeline, from loan origination, to underwriting, closing, and asset management to support LISC’s strategic priorities and comprehensive approach to equitable development.
- Meet with current and prospective borrowers to build a pipeline of loans in LISC Indianapolis, which may include such asset classes as affordable housing, commercial and mixed-use real estate, community facilities, educational facilities, lines of credit and working capital loans.
- Identify investment opportunities and develop key partnerships with public and private partners, including local and national CDFIs, other LISC teams and LISC affiliates; and inform the local market on LISC’s lending strategy.
- Provide technical assistance to nonprofit and local borrowers; periodically vet projects and borrowers and structure financing that meet those needs.
- Manage a small team to meet annual programmatic and performance goals and align work with implementation of strategic plan focused on housing affordability, economic opportunity, and place-based investing.
- Develop and sustain investment pipeline, including to help manage LISC lending activity, deploy existing and develop new loan products, and partner with LISC affiliates and capital partners.
- Support the staff and the Executive Director on project specific tasks, including developing new programmatic initiatives and managing existing programmatic initiatives.
- Identify, strategically cultivate and solicit a portfolio of existing and new funders, including philanthropy, financial institutions, corporations and government with a particular emphasis on growing investment toward Project 10X , our commitment to accelerate efforts to close the racial wealth, health and opportunity gap.
- Cultivate new and sustain current excellent relationships with foundations and other private and public funders around the region particularly through grant writing and reporting on LISC’s impact.
- Develop and spearhead annual fundraising efforts, achieving annual milestones and creating effective measurements and reports.
- Oversee financial management systems, including expense and revenue booking and allocations, funding transactions, disbursements, invoices and expense reports.
- Support program staff to conduct annual financial due diligence review of grantees.
- Assist Executive Director to prepare annual operating/program budgets and reports.
- Good understanding of corporate culture, with both national and local demands, to get work accomplished.
- Represent LISC and the Executive Director at meetings, events, and conferences.
- Participate in National LISC meetings and activities.
- May require domestic travel, estimated < 10% yearly.
- Perform other related duties as needed.