Construction Analyst, Strategic Investments

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

About Strategic Investments

The LISC Strategic Investments team leads the design, development, and deployment of impact investment funds in LISC’s local markets nationwide. Strategic Investments employs an “impact first” investment methodology that optimizes the impact on the communities we care about while achieving sustainable risk-adjusted returns for investors.

The unique power of LISCs local office presence combined with the strength of our national investment expertise is a powerful combination for creating real impact in the communities we serve. This network requires careful coordination between Strategic Investments, the LISC Local Offices, and other stakeholders within LISC. While many groups within the LISC organization support fund management activities, the Strategic Investments team is ultimately responsible for ensuring a successful track record for LISC’s off balance sheet fund investments.  Visit us at www.liscstrategicinvestments.org                  

POSITION DESCRIPTION

As a Construction Analyst at our impact-driven fund management firm, you'll have the opportunity to develop expertise in construction loan administration while supporting transformative community development projects.

A large aspect of the role is in maintaining order, tracking details, and ensuring processes run smoothly. You'll be at the heart of our construction draw management process, using your organizational skills and attention to detail to help keep critical community development projects on track. Whether you're reviewing construction documentation, tracking project progress, or maintaining our detailed monitoring systems, your work will directly contribute to the successful completion of affordable housing and community facilities.  If you're interested in construction management, real estate, or a related field, this role offers an excellent experience for a career in community development finance. You'll work alongside experienced professionals who will help you develop your understanding of construction loan administration, project management, and community development financing tools. This is an opportunity to learn the ins and outs of construction finance while supporting projects that make a real difference in communities. You'll gain exposure to various aspects of real estate development and finance, building valuable skills and knowledge that will serve you throughout your career.

Responsibilities

Construction Draw Management (50%)

• Review construction draw requests against established budgets and scope, identifying discrepancies and exceptions
• Analyze AIA G702-703 documentation for general contractor payment applications
• Review and verify all draw documentation including lien waivers, invoices, and owner's sworn statements
• Prepare and maintain spreadsheets tracking balances between project costs and funding sources
• Track construction budgets against work completed
• Identify disbursement/corrections needs and "budget out of balance" risks
• Review construction inspection reports to verify work completion and identify risks
• Coordinate disbursement of funds according to policies and procedures
• Administer and service a portfolio of active construction loans with multiple capital stacks

Project Coordination and Communication (20%)

• Serve as primary point of contact for borrowers regarding construction draw review and processing
• Coordinate across multiple internal teams regarding draw requests and construction completion
• Collaborate with Asset Management, Closing Teams, outside vendors, and internal underwriters
• Support Construction Director in training borrowers on disbursement processes
• Work independently to provide excellent customer-focused experience for borrowers
• Participate in problem-solving sessions with Construction Director, borrowers, and internal teams
• Coordinate post-closing follow-up requirements and post-close draw overview process meetings

Reporting and Documentation (20%)

• Maintain detailed project tracking systems and construction monitoring files
• Support monthly/quarterly presentations on construction lending to internal team
• Track and document construction progress and potential risks to budget and schedule
• Maintain accurate internal records of loan disbursements and project progress
• Create and update project progress reports for various stakeholders

Process Management and Improvement (10%)

• Implement and maintain project management and organizational tracking tools
• Support process improvements in construction draw management
• Assist in developing and maintaining best practices for construction loan administration
• Coordinate with third-party inspection firms and other external partners
• Participate in continuous improvement initiatives for construction lending processes

QUALIFICATIONS

• • Bachelor’s degree from an accredited college or university or relevant related work experience in commercial construction lending
  • Minimum of 3 years of professional work experience in construction
• Basic understanding of construction draws and payment applications
• Strong attention to detail and ability to manage multiple deadlines
• Excellent organizational and time management skills
• Proficiency in Microsoft Office suite, especially Excel
• Strong analytical and problem-solving skills
• Ability to work effectively in a team environment
• Excellent written and verbal communication skills
• Interest in community development and social impact finance
• Ability to work through complicated loan disbursement requirements
• Knowledge of the construction finance industry
• Demonstrated ability to translate construction and legal requirements
• General knowledge of loan-legal documentation

COMPENSATION

LISC offers a competitive salary ($66,500-$83,250) and excellent fringe benefits. 

TRAVEL

This position is expected to travel less than once per month, up to 15% annually.

*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.

Our benefits include: 

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being; Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

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