About Climate United
Climate United will use funding from the EPA under the Inflation Reduction Act to rapidly deploy low- and zero-emission products, technologies, and services to all American communities in order to (1) reduce GHG emissions and other forms of air pollutants; (2) bring direct benefits to American communities in the form of energy security, energy savings, cleaner air, and quality jobs; and (3) transform the capital markets so they can drive an equitable clean energy transition at scale. Visit Climate United (weareclimateunited.org) for more information. Initially, Climate United will focus its investments in Distributed Power Generation and Storage, Building Decarbonization and Electric Transportation. Calvert Impact, Inc., a 501(c)(3) nonprofit (“Calvert Impact”), is sole member of Climate United. The successful candidate will be employed by Calvert Impact or one of its subsidiaries.
Job Description:
Climate United is seeking a seasoned and strategic leader to join our team as the VP of Credit Risk and Asset Management. This role will be pivotal in shaping and executing Climate United’s credit extension, credit risk monitoring, asset servicing and management, risk analysis, and reporting programs across our portfolios. The Senior Director will play a key role in the development and execution of our credit and investment strategies.
Preferred Location: We strongly prefer candidates in the New York or Washington, DC metro areas.
Key Responsibilities:
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Strategic Leadership: Lead the on-going development and implementation of Climate United’s investment and credit policies in order to ensure a balance between credit risk, financial return and impact across our lending portfolios Investment Strategy & Execution: Ensure that investments align with strategic objectives, Climate United risk appetite and compliance requirements. Provide guidance to Investments Team during asset origination, due diligence and transaction execution.
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Loan Structuring, Underwriting, and Approval: Administer and review loans and loan commitments to ensure adherence to policy guidelines and adequate documentation for collateral security. Support the Investments Team in structuring and negotiating transactions. Review and provide guidance on term sheet proposals, ensuring alignment with credit policies, loan products, and underwriting standards.
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Risk Management & Financial Oversight: Develop and refine financial models to evaluate investment scenarios and mitigate risks. Implement robust risk assessment frameworks and oversee ongoing risk evaluation to safeguard the portfolio. Manage primary credit portfolio activities, including monitoring non-performing loans and providing regular updates on portfolio-level trends and risk ratings.
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Credit and Portfolio Risk Management: Oversee timely preparation and accuracy of quarterly and annual portfolio reporting for internal and external stakeholders. Monitor portfolio, sector, and geographic trends impacting client funding and operating environments. Manage concentration risk and oversee the management of non-performing loans, providing updates on risk ratings, defaults, charge-offs, and recovery estimates.
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Internal Policy Development: Design and implement investment and credit policies and guidelines tailored to each market segment. Ensure that internal processes and policies align with industry best practices and organizational goals. Oversee the continuous improvement of lending policies and practices to align with portfolio growth and sector diversity.
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Process, Policies, and Systems: Lead the development and implementation of credit extension and management policies, procedures, and systems. Assess and propose improvements to internal lending and portfolio management processes to increase efficiency and effectiveness. Ensure data and systems keep pace with growth and provide insights into trends and shifts in the loan portfolio.
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Loan Servicing: Supervise loan operations team that will manages, processes and closes the Climate United portfolio of loans.
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Industry Engagement: Represent Climate United at industry conferences and through external communications. Advance our industry presence and thought leadership through networking, public speaking, and social media.
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Team Leadership: Provide leadership and mentorship to the Investments Team. Foster a collaborative environment and drive team performance to achieve organizational objectives. Offer responsive and creative problem-solving support and engage consistently with the team to ensure transactions move forward.
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Deal Management: Oversee the management of classified assets, including restructuring troubled loans and implementing work-outs as necessary. Ensure effective asset management and performance monitoring for current assets.
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Strategic Vision: Stay informed on industry trends, sectoral developments, and credit risk dynamics. Use this knowledge to inform strategic decisions and drive innovation within the investment portfolio.
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Investment Committee Participation: Serve as a member of Climate United’s Investment Committee, contributing to decision-making processes and strategic planning.
Required Qualifications:
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A minimum of 10 years of experience in commercial lending, renewable energy debt financing, structured finance, and/or project finance, with a proven track record of leading high-impact investment and credit initiatives.
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Demonstrated experience in leading teams, managing complex projects, and driving strategic outcomes. Strong leadership and decision-making abilities.
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Exceptional written, verbal, and presentation skills, with the ability to convey complex concepts clearly and persuasively to diverse audiences.
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Deep understanding of renewable energy sectors, investment trends, and risk management strategies.
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Proven ability to work effectively with cross-functional teams and stakeholders. A collaborative and strategic mindset, with a focus on achieving shared goals.
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Comfortable with ambiguity and capable of managing multiple priorities in a dynamic environment. Solutions-oriented with a positive and adaptable attitude.
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A strong commitment to inclusive greenhouse gas reduction and a passion for driving impactful investments in underserved markets.