Director / VP of Credit

Overview

For over a decade PACE Equity has funded commercial real estate projects in innovative ways, with better financing for better buildings. We've funded projects across the U.S. and enabled the energy efficient commercial development of over $2.7 billion while eliminating over 1.2 million metric tons of carbon emissions. PACE Equity offers the capital funding and project support that allow customers to improve returns while they lower carbon emissions, intelligently meeting the demands of today's consumer and tomorrow's building requirements. We put the customer at the center of all that we do.

What's the Role

This hire will lead the underwriting efforts for PACE Equity with a focus on ensuring the highest credit quality, underwriting standards, and investment committee governance. This role serves as the firm's internal authority on credit‑driven structuring and underwriting strategy, partnering closely with Originations, Capital Markets, and Executive Leadership.

This individual will lead credit review at the Investment Committee level, to Committee members, oversee portfolio performance and emerging risks, and mentor and develop a growing team of underwriters. The role requires deep experience in underwriting complex, non‑standard commercial real estate debt and navigating sophisticated capital structures. This individual will have the ability to expand responsibilities, including a potential seat on Investment Committee, subject to credit and team performance.

This role is ideal for a candidate with deep commercial real estate experience, strong analytical rigor, and the leadership presence to shape credit culture in a fast-growing, mission-driven organization.

Key Responsibilities

Credit Leadership & Governance

• Own and uphold credit integrity, risk governance, and overall investment quality across the portfolios
• Lead credit review and present loan proposals to the Investment Committee, recommending structures, terms, and pricing to mitigate credit risk.
• Provide independent approval, conditional approval, or decline recommendations consistent with credit policy and approval limits
• Ensure accurate risk ratings for individual transactions during committee reviews
• Create, update, communicate and enforce lending and credit policies and procedures to improve efficiency and minimize risk
• Serve as the internal authority on credit-driven structuring solutions and risk mitigants
• Maintain deep awareness of industry trends, economic conditions, regulatory considerations, and competitive factors.

Underwriting & Structuring

• Utilize excellent credit analysis and financial modeling skills to structure new transactions
• Underwrite complex, non‑standard CRE transactions including CPACE, mezzanine, bridge, construction, preferred equity, and specialty finance
• Analyze and structure transactions involving complex capital stacks (e.g., HTC, STC, NMTC, TIFs, layered incentives)
• Clearly articulate risks, mitigants, downside scenarios, and stress outcomes to internal and external stakeholders
• Partner proactively with Originations Team to balance risk, reward, and execution certainty

Portfolio Risk Management

• Monitor portfolio performance, concentration exposure, and emerging credit risks
• Prepare and share reporting on credit trends, loan quality, and growth patterns with senior leadership and stakeholders
• Identify early warning indicators and recommend proactive risk mitigation strategies
• Support portfolio surveillance, amendments, waivers, and restructurings as needed
• Take on special projects, gather data, and prepare ad hoc and recurring reports for senior management and other stakeholders

Leadership & Talent Development

• Mentor, develop, and coach credit and underwriting professionals
• Provide leadership through strong communication, delegation, and decision‑making
• Foster a culture of accountability, analytical rigor, and continuous improvement
• Act as a senior thought partner to leadership on credit strategy, product evolution, and risk appetite

Qualifications

Experience & Expertise

• Minimum of 6+ years of experience in commercial real estate credit and underwriting
• Extensive experience underwriting complex, non‑standard CRE debt structures
• Proven ability to lead credit decisions and provide independent, well‑defended viewpoints
• Strong working knowledge of credit agreements, loan documentation, and negotiated deal structures
• Demonstrated experience creating and enforcing credit policy and risk frameworks

Skills & Capabilities

• Excellent credit analysis and financial modeling skills
• Strong organizational and time management skills, with the ability to manage competing priorities
• Ability to clearly communicate complex risks, structures, and mitigants in a concise, executive-level manner
• Exceptional verbal, written, and interpersonal communication skills for effective training, document interpretation, and stakeholder interactions
• Proficient in standard business software including word processing, spreadsheets, and presentation tools
• Strong judgment, intellectual curiosity, and comfort operating in ambiguous, fast-moving environments
• Capable of resolving complex problems in non-standard situations
• Proven ability to mentor, train, and develop less experienced team members while ensuring quality control and optimal resource allocation
• Experience with planning, staffing, training, and performance monitoring responsibilities

Education

• Bachelor's degree in finance, Accounting, Business, or a related field required
• Advanced certifications (MBA,) a plus but not required

Benefits

• Medical, dental, and vision insurance
• Health Spending Account with employer contribution
• Life Insurance and Short‑Term and Long‑Term Disability Insurance
• 401(k) eligibility on first day of month following date of hire - 100% match up to 5%
• Parental leave for all parents
• Caregiver benefits
• Tuition reimbursement
• 11 paid company holidays
• Paid time off
• Free parking at our downtown Milwaukee office
• Employee Assistance Program
• Work from home one day per week

Learn more about us at our website: www.pace-equity.com

Inclusiveness is important to us. PACE Equity is an Equal Opportunity Employer