Global Partnerships (GP) is a nonprofit impact-first investor dedicated to expanding opportunity for people living in poverty. Impact-first investing means investing in a way that seeks the greatest possible social impact, while seeking to preserve capital with a modest financial return for investors. GP believes that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.
GP creates and manages impact-first investment funds that make loans and early-stage investments in social enterprises serving people living in poverty in less developed countries, primarily in Latin America and Africa. The GP team is composed of mission-driven, dedicated, high-performing colleagues working primarily from offices in Seattle, WA, Bogotá, Colombia, and Nairobi, Kenya. To learn more about Global Partnerships, please visit our website at www.globalpartnerships.org.
ROLE AND RESPONSIBILITIES
The Vice President of Credit will be the Senior Credit Officer (SCO) within GP and will have wide-ranging authority to take measures to ensure that GP and its funds manage credit and related risks responsibly. The SCO will manage a team of Investment Analysis Officers (IAO’s). The team’s primary mission is to ensure adequate credit quality within the loan portfolios, using advanced analysis techniques, proper information systems, and significant real-world credit experience. The team will also proactively lead and manage stressed loan situations with cooperation and assistance from regional Social Investment Team (SIT) leadership and GP’s legal in-house and out-sourced resources.
The SCO will be responsible for designing, revising, and enforcing Credit Policy. Each fund managed by GP Fund Management will have its own Credit Policy, which may be amended from time to time. The SCO is authorized to issue or change the risk ratings on new or renewed loans. This includes both composite ratings and individual risk component ratings. On at least a quarterly basis, the SCO recommends risk rating changes, reserve levels on all loans in the portfolio, and any charge-offs, subject to final approval from the Chief Investment Officer.
As part of the normal monitoring process, the SCO and her/his team will track covenant breaches with existing loan agreements. Waivers and any resetting of covenants must be approved by the SCO. The SCO will review any non-compliance and promptly authorize any actions to be taken, including waivers, formal letters declaring potential events of default, and enforcement of remedies.
In addition to Credit Policy, certain interim internal limits may be placed on the portfolios from time to time, such as limits on agricultural or other sector or initiative exposure, country limits that are tighter than limits imposed by the fund offering documents or by investors, maturity, and duration limits, etc. The SCO will make recommendation on such additional limits. The SCO participates in the Board’s Enterprise Risk Committee meetings.
After they or a member of their team conducts due diligence, regional SIT leaders will request that a loan proposal be put forward for approval by the Investment Committee. The SCO and her/his team will review and revise the proposal and recommend to the CIO the form in which it should be presented to the IC.
HOW TO APPLY
Required Application Documents:
Global Partnerships is an equal opportunity employer. Applications will be accepted and reviewed on a rolling basis. For priority consideration, please apply by November 4, 2021.
Due to the volume of applications, we will contact only those candidates selected for interviews – no follow-ups, please.
Finalists will be asked to submit references, including name, email, and phone number. All offers will be contingent upon reference checks as well as a background check.