Fund Manager, Commercial Real Estate

We need to output HTML fragment with sections: About the role? Actually the posting includes "Position Summary", "Responsibilities", "Qualifications", "Compensation" (salary and benefits). Also maybe "Organizational Alignment" but that's not a standard heading list; we only use headings from list: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We need to map content accordingly. We have Position Summary (could be About the role). Responsibilities section present. Qualifications present. Compensation includes salary range and benefits. Benefits list present. Pay section: we could put salary range under Pay. Benefits under Benefits. Schedule not present, so omit. We should not repeat job title as heading. No Job ID. We need to preserve all substantive info. Remove boilerplate: EEO etc. Remove navigation etc. Also remove "LISC is an equal opportunity employer..." etc. Also remove "Our Vision", "Our Mission", "Our Core Values", "How We Work" etc? Those are about LFM but not part of the job posting? They are part of the description but not specific to role. The instruction: Preserve ALL substantive information; do NOT invent or summarize away detail. However we should remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. The sections like Vision, Mission, Core Values, How We Work are not boilerplate but are about the organization. Are they considered substantive? They are about LFM, not the role. The instruction says preserve ALL substantive information; but we also need to prefer a few substantive sections over many thin ones. The headings we can use are limited; we could include an "About the role" section that includes position summary and maybe some context about LFM. However we must not invent headings not in list. We could put the organizational description under About the role as prose. We need to include all substantive info: Position Summary, Responsibilities, Qualifications, Compensation (salary and benefits), Benefits details. Also maybe Organizational Alignment? Not in headings list; we could incorporate into About the role. We must not create Pay/Schedule/Benefits sections unless posting actually states them. It does state salary and benefits, so we can include Pay and Benefits. We must not create sections with filler like "commensurate with experience". Not present. Thus output:

About the role

... include position summary and maybe description of LFM and organizational alignment.

Responsibilities

• ... each responsibility line.

Qualifications

• ... each qualification line.

Pay

Salary range: $127,685‑$159,606 (actual salary based on skill set, experience, education, work location, and other qualifications).

Benefits

• 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.

We need to ensure we didn't include any boilerplate like EEO. Also we removed "LISC is an equal opportunity employer..." etc. Check responsibilities: The responsibilities block is long; we need to split into list items. We'll capture each bullet-like sentence. Let's extract responsibilities from text: "Fund Financial Management & Reporting Build, maintain, and regularly update financial models for assigned funds, incorporating actual fund performance, investment activity, capital deployment, repayments, expenses, cash flows, and other relevant assumptions to forecast fund performance through the end of the fund term. Use fund models to evaluate projected liquidity, deployment pacing, investor returns, management fees, and other key financial outcomes; identify variances from plan and recommend adjustments as needed. Review and approve quarterly and annual financial statements, investor reports, CECL impairment, and performance analysis for assigned funds, ensuring accuracy, completeness, and compliance with fund governing documents Analyze fund-level performance, including income statements, balance sheets, capital accounts, and portfolio returns. Present quarterly overview of fund performance to executive leadership and LISC Finance. Monitor and manage fund-level expenses, budgeting, and forecasting in coordination with Finance and shared services Oversee calculation and payment of management fees and other fund-level obligations Support preparation of impact and performance reporting materials in coordination with Investor Relations and Asset Management" "Capital Management & Cash Flow Oversight Manage capital call and distribution processes, including reconciliation of construction draws, pipeline timing, and fund liquidity Monitor portfolio cash flows and coordinate with Asset Management and Investments to ensure alignment between deployment and fund capacity Maintain oversight of fund models to assess performance trends, validate assumptions, confirm model outputs, and disseminate key findings to investors and senior leadership Review and validate capital account activity and investor allocations Identify and elevate potential fund-level risks related to liquidity, timing, or portfolio concentration" "Investor Reporting & Stakeholder Coordination Contribute to preparation of investor decks and reporting materials in collaboration with Investor Relations Support investor meetings by preparing analysis and responding to fund-specific inquiries. Present on fund financial performance, outlook, and fund strategy in investor meetings. Ensure timely dissemination of quarterly and annual reports to investors Collaborate with Investor Relations to maintain strong transparency and communication with fund stakeholders" "Fund Operations, Compliance & Cross-Functional Strategy Coordinate closely with Investments, Asset Management, Legal, Compliance, and LISC shared services to ensure timely and accurate documentation and reporting in compliance with legal agreements, regulatory requirements, and LFM policies Develop, maintain, and contribute to continuous improvement of fund management processes, policies, systems, and reporting tools Collaborate on overall fund strategic direction for assigned funds, including cash management, distribution, fundraising, and investment allocation and structuring decisions" "Team Management and Development Supervise and manage a Financial Analyst Ensure proper workload distribution and resource allocation across funds and LFM functions Provide ongoing performance feedback and foster professional development opportunities" We'll turn each line into

. Ensure we keep the content. Qualifications block: "Bachelor’s degree in Finance, Economics, Business Administration, Accounting, or related field required; CFA, MBA, MPA, or other relevant advanced degree preferred Minimum 6 years of experience in fund management, private equity, real estate investment management, financial services, or community development finance Demonstrated experience managing fund-level financial reporting, capital accounts, capital calls, and investor reporting processes Strong understanding of real estate investment structures and fund economics, including waterfall calculations, capital allocations, and fee structures Experience working with affordable housing, impact investment funds, or place-based real estate vehicles preferred; familiarity with LIHTC, HTC, or NMTC preferred Advanced proficiency in Excel, including financial modeling and complex reconciliation; experience with fund accounting or financial reporting systems required Strong analytical and problem-solving skills, with the ability to interpret financial performance in the context of fund strategy and investor expectations Strong written and verbal communication skills; experience coordinating across investments, asset management, legal, compliance, and finance teams; ability to manage multiple deadlines, exercise sound judgment, operate independently, and maintain commitment to mission-driven, impact-oriented investment objectives" We'll split each sentence into

. Some lines have multiple clauses separated by semicolons; we can keep as one

. Organizational Alignment: we can incorporate into About the role. About the role: include position summary and maybe description of LFM and organizational alignment. Position Summary text: "The Fund Manager, Commercial Real Estate role resides within the Fund Management & Finance team and is responsible for overseeing the financial management, reporting, and operational performance of designated impact investment funds, including place-based affordable housing vehicles. Reporting to the Director, Fund Management, the Fund Manager is accountable for fund-level financial reporting, fund performance and analysis, capital management, investor communications support, and coordination across internal teams to ensure disciplined execution throughout the fund lifecycle. The role works closely with other LFM departments: Fund Investments & Asset Management, Fund Design & Marketing (specifically Investor Relations) and with LISC departments including Legal, Compliance, and LISC shared services to support accurate reporting, regulatory compliance, and fund performance transparency. The Fund Manager leads preparation of quarterly and annual financial statements, oversees capital call and distribution processes, monitors fund expenses and budgeting, portfolio level inputs, and supports investor reporting and board materials. The position requires strong financial analysis capabilities, comfort working with complex real estate investment structures, and the ability to interpret portfolio performance within the context of fund strategy. The Fund Manager contributes to maintaining LFM’s track record of financial discipline, transparency, and responsible stewardship of investor capital." We can also add a brief about LFM from earlier paragraphs: "LISC Fund Management (LFM) is a national impact investment platform that designs, raises, and manages mission-driven funds to expand access to capital for housing and small businesses in communities across the country. Drawing on LISC’s deep expertise in community development financing, LFM (a LISC subsidiary), connects private, public, and philanthropic capital to local initiatives that drive inclusive economic growth and long-term community stability. As an SEC-registered investment advisor, LFM partners with cities, investors, developers, and community stakeholders to deliver innovative public-private solutions that balance measurable impact with responsible financial returns." This is substantive about the organization; we can include in About the role. We must not include Vision, Mission, Core Values, How We Work? Those are also about LFM but maybe considered boilerplate? They are not legal boilerplate but still about the organization. The instruction says preserve ALL substantive information; but we also need to prefer a few substantive sections over many thin ones. Including them would increase sections if we made separate headings, but we can incorporate them into About the role as prose. That's fine. Thus About the role will contain a few paragraphs: description of LFM, position summary, organizational alignment. We must not repeat job title as heading; we are not. Now produce HTML. Check for any duplicated lines: we should avoid repeating same content. Let's craft. We'll output:

About the role

LISC Fund Management (LFM) is a national impact investment platform that designs, raises, and manages mission‑driven funds to expand access to capital for housing and small businesses in communities across the country. Drawing on LISC’s deep expertise in community development financing, LFM (a LISC subsidiary) connects private, public, and philanthropic capital to local initiatives that drive inclusive economic growth and long‑term community stability. As an SEC‑registered investment advisor, LFM partners with cities, investors, developers, and community stakeholders to deliver innovative public‑private solutions that balance measurable impact with responsible financial returns.

The Fund Manager, Commercial Real Estate role resides within the Fund Management & Finance team and is responsible for overseeing the financial management, reporting, and operational performance of designated impact investment funds, including place‑based affordable housing vehicles. Reporting to the Director, Fund Management, the Fund Manager is accountable for fund‑level financial reporting, fund performance and analysis, capital management, investor communications support, and coordination across internal teams to ensure disciplined execution throughout the fund lifecycle. The role works closely with other LFM departments: Fund Investments & Asset Management, Fund Design & Marketing (specifically Investor Relations) and with LISC departments including Legal, Compliance, and LISC shared services to support accurate reporting, regulatory compliance, and fund performance transparency. The Fund Manager leads preparation