Vice President, Credit

About Equitable Facilities Fund (EFF) 

Equitable Facilities Fund (EFF) is a nonprofit social impact fund that’s on a nationwide mission to help high-performing public charter schools spend more money on students and less on the costs of borrowing for their facilities. We offer school leaders simple and much-needed access to low-cost loans combined with support from an expert team that has walked in their shoes.

To date, EFF has invested over $1 billion in schools serving over 100,000 students, providing them with funding to amplify their impact. Equity is at the core of our mission, and we seek to create opportunity for students and communities that have traditionally been denied access to high-quality public schools. In 2023,  EFF launched Fund II through which we will commit an additional $2 billion with increased prioritization for early-phase schools and schools run by leaders of color.

About the Role

EFF is seeking a dynamic, experienced Vice President of Credit to lead the continued evolution of our investment strategy. In this critical role, you’ll partner closely with our Managing Partner & Chief Investment Officer and senior leaders to guide credit decisions, streamline investment processes, and support the growth of a best-in-class charter school lending platform.

The VP of Credit will bring sharp analytical skills, sound risk judgment, and a deep commitment to mission-driven work. You’ll help shape how we evaluate and manage credit risk, lead internal loan policy application, and serve as a key member in decision-making across the lending lifecycle, from screening to closing to portfolio monitoring.

Responsibilities

Credit Strategy & Investment Decision-Making

• 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.

Lending Support

• 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.
• Step in to support or lead loan closings including making key business decisions related to loan provisions.
• Advise on post-closing matters such as amendments, waivers, tax/security issues, and complex borrower requests.

Sector Research & Thought Leadership

• 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.
• Represent EFF at conferences, webinars, and sector roundtables to promote equitable lending and share best practices.

Process Improvement & Systems Optimization

• Identify and implement process improvements across the credit and underwriting lifecycle.
• Help strengthen EFF’s data-driven credit evaluation tools and reporting systems.

Stakeholder Engagement

• Collaborate with internal teams to support lending goals and ensure consistent execution.
• Engage with schools, authorizers, investors, and sector leaders to share EFF’s approach and reinforce our values.
• Support sector-wide efforts to advance equity, innovation, and excellence in charter school lending.

Internal Leadership & Team Development

• Directly manage a Director, providing mentorship, coaching, and oversight to execute credit objectives effectively.
• Work closely with EFF’s underwriting, portfolio management, and impact teams to ensure seamless coordination across all phases of the lending process.
• Contribute to strategic planning, decision-making, and organizational initiatives that enhance EFF’s impact and operational effectiveness.
• Perform other related duties as assigned.

Qualifications

• 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.

Compensation and Benefits

The salary band for this position is $160,500 - $191,600, however we expect to bring someone into this role at the midpoint with eventual upside to align with our compensation practices. This position offers up to a 10% annual bonus based on organizational performance. Compensation is competitive, commensurate with experience, and may be subject to modest adjustments for high-cost-of-living geographies. We are proud to offer excellent benefits including a 6% 401k match. 

Location

We are open to applicants from across the continental U.S. The role will be expected to travel for 3+ days each month to participate in team activities.

Reporting Relationship

The Vice President, Credit will report directly to the Managing Partner and Chief Investment Officer.

Physical Requirements & Work Environment

The position primarily involves working in a standard office setting, requiring prolonged periods of sitting and using a computer. Minimal physical effort is required beyond typical office tasks such as typing, filing, and attending meetings virtually or in-person. The role will be expected to travel for 3+ days each month to participate in team activities.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.