VP of Credit - ImpactAlpha : Job Details

Equitable Facilities Fund (EFF) is a nonprofit social impact fund dedicated to assisting high-performing public charter schools across the United States by providing them with low-cost loans. EFF focuses on enabling these institutions to allocate more financial resources to their students rather than towards borrowing costs for their infrastructure. Since its inception, EFF has invested over $1 billion in schools, impacting the education of over 100,000 students. Their mission is deeply rooted in providing equitable education opportunities and fostering growth in communities traditionally overlooked in the realm of quality public education. The fund recently initiated Fund II, which aims to invest an additional $2 billion with particular attention to early-phase schools and those led by leaders of color.

The Vice President of Credit at Equitable Facilities Fund (EFF) is a pivotal role involving strategic guidance and investment decision-making. This position will work closely with the Managing Partner and Chief Investment Officer to further enhance EFF's charter school lending platform. The VP of Credit will be instrumental in refining credit strategy, managing risk, and streamlining investment processes. This role requires a deep commitment to mission-driven work and calls for a collaborative leader with strong analytical skills to support EFF's mission and objectives.

• Support the CIO and investment teams in making high-quality credit decisions aligned with EFF's mission and risk appetite.
• Actively participate in key investment committees, including outreach triage, internal screening, and credit committee meetings.
• Refine and implement credit policies and risk frameworks that balance rigor with efficiency.
• Monitor portfolio credit health and surface key insights, trends, and risks.
• Review term sheets, commitment letters, and loan documents to ensure consistency with EFF's credit standards.
• Coordinate internal processes for loan approvals, closings, and credit committee agendas.
• Advise on post-closing matters such as amendments, waivers, tax/security issues, and complex borrower requests.
• Lead research on emerging trends, regulatory issues, and credit challenges across jurisdictions.
• Develop whitepapers, presentations, and internal training materials to support credit decision-making and team education.

• 10+ years of credit, underwriting, or risk management experience, ideally in mission-driven lending, charter school finance, community development, or impact investing.
• Strong track record in credit structuring and risk assessment.
• Skilled communicator—able to explain complex concepts clearly to a range of stakeholders.
• Proven ability to build consensus and collaborate cross-functionally.
• Systems thinker with a knack for identifying process gaps and implementing improvements.
• Collaborative, mission-aligned, and ready to lead with both head and heart.
• Bachelor's degree in Business Administration or a related field (Master's preferred).
• CPA, CFA, or other relevant credentials are a plus.

• Up to a 10% annual bonus based on organizational performance.
• Competitive salary, commensurate with experience.
• 6% 401k match.

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