Director, School Lending and Underwriting

Equitable Facilities Fund (EFF); United States; On-site; USD 121,000 - 157,000; Full time

Benefits offered by this job

Bonus up to 10%

Unlimited PTO

401(k) match 6%

Job summary

Equitable Facilities Fund (EFF) seeks a Director to manage lending activities for high-impact charter schools and to develop sound investment recommendations. The role balances credit quality with social impact, guiding a growing loan portfolio and leading cross‑functional initiatives with other directors and senior leaders.

The ideal candidate has 6+ years of relevant lending or finance experience, a BA/BS in business or finance, and a track record of due diligence, analytics, and collaboration

Qualifications

• 6+ years of relevant professional experience in lending, CDFI lending, or related field.
• Bachelor’s degree in business administration, finance, or a related field.
• Unwavering commitment to EFF’s mission to address educational, financial, and racial inequities.
• Demonstrated commitment to diversity, equity, and inclusion through work, volunteering, or board service.
• Experience conducting financial, operational, and programmatic due diligence of charter schools.
• Strong quantitative and financial modeling and communication skills.
• Willingness to travel 25–35% of the time.

Responsibilities

• Deal Analysis and Underwriting: structure, underwrite, and prepare 10–12 transactions annually for Credit Committee approval.
• Process and Relationship Management: be the primary school contact during underwriting and coordinate with teams.
• Systems Development: lead ongoing development of systems and procedures including AI.
• Organizational Excellence: participate in strategic planning and cross-functional team-building.
• Special Projects: lead or support projects, including representing EFF at conferences.
• Perform other related duties as assigned.

Skills

Deal analysis

Underwriting

Financial analysis

Relationship management

Team leadership

Cross-functional collaboration

Education

Bachelor’s degree in business administration, finance, or related field

Job description

Director, School Lending and Underwriting

United States

About Equitable Facilities Fund (EFF)

Equitable Facilities Fund (EFF) is a national nonprofit social impact fund that transforms how high-impact public charter schools access the capital they need to grow and thrive. We believe schools should spend more on students, not on financing their buildings. We provide school leaders with affordable, flexible facilities financing and the support of a team with deep expertise in both education and complex financial transactions. By dramatically lowering the cost and barriers to capital, EFF helps schools invest more resources where they can have the greatest impact: in students, educators, and the communities they serve.

To date, EFF has committed over $2 billion to schools serving more than 145,000 students, predominantly in communities historically furthest from opportunity. Our loans have generated over $350M in savings for schools, which serve predominantly low-income students of color. If you’re seeking to have a community-level impact on a national scale, apply to join our team!

The Opportunity

The Director, School Lending and Underwriting will play a critical role in EFF’s efforts to ensure that every high-impact charter school serving historically marginalized communities has a pathway to affordable financing. Reporting to the Partner and Principal, School Investments, the Director will manage the lending process and develop investment recommendations that adeptly balance credit quality and impact while supporting the growth of the loan portfolio. The Director will also lead cross-functional and special projects that advance the Underwriting team and the broader organization.

The ideal candidate will enjoy entrepreneurial, multifaceted work, relationship-building, and relentless problem-solving, and possess expertise in mission-driven lending and investing with specific experience working with charter schools.

Essential Duties and Responsibilities

• Deal Analysis and Underwriting: Manage the structuring, underwriting, and preparation of 10–12 transactions annually for Credit Committee approval. Conduct comprehensive credit analysis, lead each transaction through the underwriting process, and delegate deal-specific responsibilities to associates. Collaborate closely with other Directors and Vice Presidents across the Underwriting team to ensure rigorous, consistent, and efficient execution.


• Process and Relationship Management: Serving as key point of contact for schools throughout the underwriting process and interfacing with EFF’s Lending and School Outreach and Asset Management teams to ensure all school borrowers (new and repeat) have a positive experience. The Director will also build deep underwriting expertise and sector knowledge in 3-5 key geographic markets, leading deals there, including interacting with local intermediaries and stakeholders.


• Systems Development: Leading the ongoing development and refinement of systems and procedures, including the use of AI, to optimize EFF’s lending practice.


• Organizational Excellence: Participating in organizational and cross-functional team-building, strategic planning, and goal-setting processes.


• Special Projects: Depending on skills and interests, lead and support special projects designed to advance EFF’s mission and efforts to serve more schools, including representing EFF at conferences and on panels.


• Perform other related duties as assigned.

Qualifications

• 6+ years of relevant professional experience in CDFI lending, commercial lending, investment banking, charter school financial management, impact investing, or a related field.


• Bachelor’s degree in business administration, finance, or a related field.


• Unwavering commitment to EFF’s mission to address educational, financial, and racial inequities.


• Demonstrated commitment to diversity, equity, and inclusion through professional, investment, academic, or community experience. Examples may include work with a CDFI, affordable housing developer, credit union, social impact fund, foundation PRI program, university impact investing initiative, nonprofit organization, or nonprofit board or committee.


• Experience conducting financial, operational, and programmatic due diligence of charter schools.


• Demonstrated ability to manage team members and complex workflows.


• Exceptional quantitative and financial analysis skills, including the ability to develop and assess financial models as needed.


• Excellent written and verbal communication skills.


• Strong, creative problem-solving skills and the ability to adapt and pivot in support of a growing organization.


• Customer-service orientation and demonstrated ability to collaborate across functional teams.


• High degree of integrity and authenticity, complemented by a good sense of humor.


• Willingness to travel approximately 25%–35% of the time.

Compensation and Benefits

The target salary band for this position is $120,500 - $156,700; however we expect to bring someone into this role at the midpoint ($138,603) 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, and we are proud to offer excellent benefits, including unlimited PTO and a 6% 401k match.

Location

We welcome applicants from across the continental U.S. The role will require travel 6+ days most months to participate in team activities, conduct school site visits, and represent EFF at statewide, regional, or national conferences and convenings.

As set forth in Equitable Facilities Fund (EFF)’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

• Alcohol or other substance use disorder (not currently using drugs illegally)


• Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS


• Blind or low vision


• Cancer (past or present)


• Cardiovascular or heart disease


• Celiac disease


• Cerebral palsy


• Deaf or serious difficulty hearing


• Diabetes


• Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders


• Epilepsy or other seizure disorder


• Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome


• Intellectual or developmental disability


• Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD


• Missing limbs or partially missing limbs


• Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports


• Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)


• Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities


• Partial or complete paralysis (any cause)


• Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema


• Short stature (dwarfism)


• Traumatic brain injury