Senior Director, Fund Finance

LISC Fund Management (LFM) is seeking an experienced fund finance professional to serve as Senior Director, Fund Finance within the Fund Management & Finance team. This role is responsible for leading the financial reporting and close process across 12-24 LFM-managed funds, ensuring accuracy, timeliness, and comprehensive analysis for internal stakeholders.

The Senior Director reports to the Vice President, Fund Management & Finance and oversees quarterly and annual financial closes, fund and organizational audits, and finance-related SEC examination preparations. The role also manages third-party treasury management and loan servicing providers, ensuring accurate, timely, and well-controlled financial operations.

Key Responsibilities:

Fund Financial Reporting, Close & Analysis (40%)

• Lead quarterly and annual financial reporting and close processes across 12-24 LFM-managed funds and related entities.
• Review balance sheets, income statements, reconciliations, investment activity, expenses, allocations, and other fund financial information to identify errors, inconsistencies, trends, and issues.
• Provide final review and approval of fund financial reporting following initial review and quality-control activities.
• Own resolution of financial reporting questions from identification through close-out, coordinating with Broadstreet Impact Services, LISC Finance, Fund Managers, and other stakeholders.
• Analyze completed financial statements and prepare clear summaries of significant results, trends, variances, and issues for leadership.
• Ensure fund financial statements accurately reflect investment activity, loan servicing activity, cash and treasury activity, fund expenses, allocations, distributions, and other material transactions.
• Support annual budgeting by providing historical financial results, reporting inputs, and analysis.
• Lead fund-finance reporting processes throughout the fund lifecycle, including setup for new funds, recurring close and reporting, and financial close-out.

Fund Administration, Treasury & External Partner Management (25%)

• Serve as the day-to-day relationship owner for Broadstreet Impact Services and other third-party financial service providers.
• Maintain accountability for Broadstreet's performance against scopes, timelines, and quality standards.
• Establish and monitor reporting timelines, deliverables, quality expectations, and outstanding items across third-party providers.
• Review Broadstreet-prepared financial statements, schedules, and financial workbooks, identifying errors and inconsistencies.
• Oversee treasury-management activities, including cash activity, bank-account administration, and coordination of fund-level treasury needs.
• Oversee third-party loan servicing activities, reviewing servicing information and coordinating resolution of discrepancies.
• Proactively identify recurring service, reporting, or control issues across vendors and drive resolution.
• Coordinate with LISC Finance to ensure accurate incorporation of fund financial activity into LFM and parent-company financial reporting.
• Manage relationships with external auditors, tax providers, and other finance-related service providers.

Audit, Compliance & Financial Reporting Infrastructure (20%)

• Lead financial reporting and finance workstreams for annual audits of LFM-managed funds.
• Coordinate financial statements, schedules, supporting documentation, responses, and proposed adjustments with Broadstreet, external auditors, Fund Managers, and stakeholders.
• Lead Fund Finance’s role in LFM organizational audits, ensuring accuracy, completeness, and reconciliation of fund-level and management-company financial information.
• Lead Fund Finance’s financial preparation and response activities for SEC examinations and audits.
• Serve as the primary finance contact for auditors and examiners on fund financial reporting matters.
• Review audit schedules, supporting documentation, proposed adjustments, findings, and financial-reporting observations.
• Maintain strong knowledge of U.S. GAAP, fund governing documents, SEC/RIA requirements, organizational policies, and other relevant financial-reporting requirements.
• Develop and strengthen fund-finance policies, close procedures, review standards, documentation requirements, internal controls, and quality-assurance practices.
• Establish scalable financial reporting, treasury, servicing-oversight, and audit processes.

Leadership & Cross-Functional Financial Partnership (15%)

• Supervise, coach, and develop the Senior Associate, Fund Finance.
• Partner with Fund Managers to ensure fund activity and management decisions are accurately reflected in financial reporting.
• Partner with LISC Finance, Fund Management, Investor Relations, Legal, Compliance, and other stakeholders to communicate fund financial information.
• Escalate significant accounting issues, reporting discrepancies, emerging financial trends, or unresolved partner issues to leadership.
• Provide financial reporting and analysis to support internal management reporting and investor-related financial information.
• Translate complex accounting and fund financial information into clear, decision-useful insights for leadership and non-accounting stakeholders.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 10 years of progressive accounting, fund finance, or financial reporting experience, including significant direct experience with investment fund accounting and financial reporting.
• Demonstrated experience leading recurring quarterly and annual close processes across multiple investment funds.
• Strong understanding of the full fund financial lifecycle, including accounting close, financial statement preparation, reconciliations, audit, ongoing fund operations, and fund wind-down.
• Demonstrated ability to review and analyze balance sheets, income statements, supporting schedules, and fund accounting workpapers.
• Experience overseeing third-party fund accounting, treasury management, and loan servicing providers.
• Experience overseeing fund-level treasury activities and controls.
• Working knowledge of loan servicing operations.
• Significant experience leading financial workstreams for annual fund audits and organizational financial audits.
• Experience supporting SEC examinations or comparable regulatory examinations.
• Strong knowledge of U.S. GAAP, investment fund accounting and financial reporting, internal controls, and applicable investment management regulatory requirements.
• Advanced proficiency in Microsoft Excel.
• Strong stakeholder and relationship management skills.
• Demonstrated ability to manage multiple concurrent fund closes, audits, vendor relationships, and reporting deadlines.
• Demonstrated experience supervising, reviewing, coaching, and developing finance or accounting professionals.
• Strong written and verbal communication skills.

Preferred:

• CPA or other relevant accounting or finance credential.
• Experience within private equity, private credit, real estate, impact investing, or another investment fund environment.
• Experience with funds at multiple lifecycle stages.
• Experience establishing or improving fund finance policies, close procedures, internal controls, and reporting practices.