VP, Asset Management

Job Title: Vice President, Asset Management
Department: Asset Management
Reports To: Partner & Principal, Asset Management
FLSA Status: Exempt
About Equitable Facilities Fund (EFF)

Equitable Facilities Fund (EFF) is a nonprofit social impact fund on a nationwide mission to help high-performing public charter schools spend more on students and less on borrowing costs 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 $2 billion in over 120 schools serving over 140,000 students across 24 states and Washington, D.C. 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 educational opportunities. In 2023, EFF launched Fund II through which we will commit an additional $1 billion, leading to $3 billion in investments by 2028.
Job Summary

The Vice President, Asset Management is a pivotal leadership role at EFF, advancing our mission to ensure that every high-impact charter school serving historically marginalized communities has a clear pathway to affordable, sustainable financing. Reporting to the Principal, Asset Management, the Vice President will serve as a senior steward of EFF's lending portfolio - bringing rigor, strategic insight, and deep sector expertise to all dimensions of portfolio and loan monitoring. The Vice President will own the full lifecycle of portfolio oversight: tracking school performance, monitoring covenant compliance, and producing high-quality internal and external reporting materials. They will serve as EFF's lead relationship manager with rating agencies and will play a central role in maintaining EFF's portfolio report to the bond market - translating complex data into compelling, investor-ready narratives. Beyond core portfolio responsibilities, the Vice President will contribute to high-priority special projects and serve as a thought leader across all aspects of charter school lending and investing. This is a role for a leader who thrives at the intersection of financial rigor and mission impact - someone with the technical depth to manage a complex portfolio and the judgment to navigate mission-driven capital deployment.
Essential Duties and Responsibilities:
Portfolio Monitoring & Risk Management

• Oversee EFF's annual and ongoing portfolio review process, ensuring comprehensive monitoring of financial performance, enrollment trends, and academic outcomes.
• Develop and maintain risk monitoring frameworks, early warning indicators, portfolio health metrics, and reporting dashboards to identify emerging borrower risks before they become material issues.
• Lead the assessment, remediation, and resolution of covenant breaches, financial distress, operational challenges, and other borrower performance concerns.
• Ensure timely escalation of material portfolio risks to the Principal, Asset Management and Senior Leadership Team.

Covenant Compliance & Regulatory Oversight

• Direct all aspects of borrower covenant monitoring and compliance management across the portfolio.
• Enhance established processes and controls to ensure accurate tracking, reporting, and documentation of covenant compliance, reporting obligations, and legal requirements.
• Communicate with school leaders and governing boards on corrective action plans, compliance remediation strategies, and operational improvements necessary to maintain compliance with loan agreements.
• Coordinate with internal and external legal counsel, consultants, auditors, and advisors on compliance matters, risk mitigation strategies, and borrower interventions.
• Ensure compliance with all bond disclosure, reporting, and investor-related obligations, including EMMA filings, continuing disclosures, and portfolio reporting requirements.

Systems, Technology & Process Innovation

• Lead the modernization and continuous improvement of EFF's asset management infrastructure, processes, and technology platforms.
• Identify opportunities to leverage automation, artificial intelligence, data analytics, workflow tools, and portfolio management systems to improve efficiency, accuracy, scalability, and decision-making.
• Partner with technology, operations, and data teams to develop dashboards, portfolio monitoring tools, automated compliance tracking systems, and predictive risk management capabilities.
• Champion a culture of innovation and operational excellence that leverages technology to improve borrower outcomes and organizational effectiveness.

Rating Agency & Stakeholder Relations

• Serve as EFF's primary relationship manager with rating agencies.
• Lead preparation of portfolio performance materials, investor presentations, rating agency submissions, and credit-related communications.
• Develop strategies to strengthen EFF's credit profile, improve portfolio performance metrics, and support favorable rating agency outcomes.
• Represent EFF in external meetings, conferences, investor discussions, and industry forums as a senior leader and subject matter expert.

Project Management & Cross-Functional Leadership

• Lead multiple concurrent initiatives, ensuring projects are delivered on time, within scope, and aligned with organizational objectives.
• Coordinate cross-functional teams and external partners to execute portfolio initiatives, technology improvements, compliance projects, strategic analyses, and borrower support efforts.
• Develop project plans, timelines, milestones, resource allocations, and success metrics for major initiatives.
• Drive accountability and effective execution across stakeholders while maintaining strong attention to detail and operational rigor.

Qualifications

• 15+ years of overall professional experience
• 5+ years of experience in senior charter school lending, credit, asset management, portfolio management roles or a related field.
• Bachelor's degree in Business Administration, Finance, or a related field (Master's preferred).
• Strong analytical skills, including expertise in reviewing financial statements, loan performance, budgets, operating reports, and borrower/project-level data.
• In-depth experience with conducting complex credit analyses and the dynamic factors that impact school borrowers' performance.
• Knowledge and understanding of the various structures and covenants found in charter school transactions.
• Ability to identify portfolio risks, monitor trends, and communicate clear recommendations to internal and external stakeholders.
• Strong project management skills, with the ability to manage multiple priorities, deadlines, and relationships across a portfolio.
• Excellent written and oral communication skills, including the ability to synthesize complex information clearly and concisely.
• High attention to detail and sound judgment, especially when reviewing compliance, reporting, covenant, or performance-related materials.
• Outstanding relationship management skills with an ability to clearly explain and answer questions about product-related details.
• Customer service orientation and ability to collaborate across functional areas, in particular with outreach, underwriting, and loan operations teams.
• Commitment to EFF's mission and interest in supporting high-quality facilities for public charter schools and historically underserved communities.
• Demonstrated advocacy for diversity, equity, and inclusion in workplace and investment practices.
• Willingness to travel regularly (8-10 times per year).

Compensation and Benefits

The target salary band for this position is $171,013 - $206,800; however, we expect to bring someone into this role at the midpoint with eventual upside to align with our compensation practices. Final compensation will be determined based on experience, qualifications, and internal equity. This position offers up to a 10% annual bonus based on organizational performance. Compensation is competitive, commensurate with experience, and 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 to cities across the country for 3+ days most months to participate in team activities.

Reporting Relationship

The Vice President, Asset Management will report directly to the Partner & Principal of Asset Management.