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Constrafor is a SaaS and fin-tech innovator purpose-built for construction.
The Role
Owns credit underwriting and portfolio risk for construction finance and receivable financing products. Builds the company-wide risk framework, underwriting policies, controls, monitoring systems, risk grading, concentration limits, stress testing, and loss mitigation processes. Leads risk assessments across clients and counterparties while partnering with Credit, Sales, Legal, Product, and Engineering. Provides strategic leadership, builds the risk organization, and balances portfolio protection with growth and scalable originations.
Summary Generated by Built In
Constrafor is rebuilding the financial infrastructure behind one of the largest industries on the planet and we're doing it fast! Construction moves trillions of dollars a year, yet it still runs on outdated processes, cash flow guesswork, and paperwork chaos. We're the SaaS and fintech platform fixing that, giving General Contractors and Subcontractors the tools to manage procurement and financial transactions the way modern companies actually operate. Backed by $30M+ in VC funding and scaling fast, we're not just building software, we're building the operating system for construction finance. If you want your work to have real, tangible impact on an industry that touches literally everything around you, this is that opportunity.
As the Head of Credit Underwriting at Constrafor, you will embark on an exhilarating journey to shape the future of our industry. You'll be at the forefront of our mission to elevate construction finance to new heights. You will truly build a best in class risk function that protects the company while enabling scale, innovation, and disciplined growth.
We've already originated $2Bn+ through Constrafor's Early Pay Program (EPP) and we're just getting started. As Head of Credit Underwriting, you'll own risk across credit underwriting, portfolio construction, fraud, and compliance, and you'll build the systems, controls, and team needed to support rapid growth without compromising discipline. You'll work closely with leaders across the company to execute Constrafor's risk strategy.
📝 What You'll Do:
- Develop and implement a company wide risk management framework, including policies, procedures, and controls, tailored to construction finance and receivable financing products.
- Own and evolve Constrafor's portfolio risk strategy across underwriting, monitoring, and loss mitigation, balancing risk appetite with growth objectives.
- Monitor and assess risk exposures across Constrafor's construction portfolio, identifying risks such as project performance risk, payment waterfall risk, lien risk, disputes/claims, schedule delays, cost overruns, subcontractor default risk, and counter-party concentration.
- Provide visionary leadership and guidance to the risk organization, fostering a culture of accountability, collaboration, and proactive risk ownership across teams.
- Lead comprehensive risk assessments for construction clients and counter-parties, evaluating creditworthiness, collateral, contractual structures, and construction project fundamentals.
- Establish and maintain portfolio-level monitoring capabilities, including early warning indicators, cohort analysis, risk grading, concentration limits, and escalation protocols.
- Innovate on existing underwriting framework to enable continued monitoring while maintaining scalable originations, clear decisioning, and consistent risk controls.
- Analyze and report on risk trends, concentrations, and stress scenarios across Constrafor's portfolio, including macroeconomic impacts and construction cycle dynamics.
- Maintain strong working knowledge of company policies and procedures, identifying exceptions to policy and partnering with credit providers to implement practical, risk-aligned resolutions.
- Partner closely with Credit, Sales, Legal, Product, and Engineering to ensure risk is embedded into product design, customer onboarding, transaction structuring, and portfolio servicing.
- Build and monitor risk performance on a regular basis to ensure portfolio quality, liquidity protection, and loss outcomes align with Constrafor's risk appetite.
📈 What You Bring:
- Bachelor's degree in finance, economics, or a related field (Master's degree preferred).
- Minimum of 8+ years of experience in alternative credit roles.
- Proven track record of building and scaling risk frameworks across credit and portfolio risk in Asset-Based Lending (ABL), Invoice Factoring, and Receivable Financing.
- Strong understanding of risk modeling, portfolio analytics, and stress testing methodologies.
- Ability to communicate effectively and continuously with internal teams and external stakeholders.
- Experience working in a startup or high-growth environment is strongly preferred.
- Ability to excel in a fast-paced, collaborative environment and lead through influence across functions.
- Strong analytical, strategic thinking, and problem-solving skills with sound judgment under uncertainty.
- Deep understanding of construction finance risk drivers is a plus.
💼 What We Offer:
- Competitive Salary: $190,000–$220,000 DOE
- Significant equity ownership within Constrafor.
- Hybrid office schedule out of our beautiful Hudson Yards office.
- Medical, dental & vision insurance coverage offered for you and your dependents.
- Generous PTO Plan.
- A collaborative and innovative work culture that values your input.
- Opportunity to make a significant impact in a growing tech company.
The base pay range for this role is $190,000 – $220,000 per year.
Skills Required
- Bachelor's degree in finance, economics, or a related field
- Master's degree
- Minimum of 8+ years of experience in alternative credit roles
- Experience building and scaling risk frameworks across credit and portfolio risk
- Experience in Asset-Based Lending, Invoice Factoring, and Receivable Financing
- Strong understanding of risk modeling, portfolio analytics, and stress testing methodologies
- Effective communication with internal teams and external stakeholders
- Experience working in a startup or high-growth environment
- Ability to lead through influence across functions in a fast-paced, collaborative environment
- Strong analytical, strategic thinking, and problem-solving skills
- Sound judgment under uncertainty
- Deep understanding of construction finance risk drivers
Constrafor Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Constrafor and has not been reviewed or approved by Constrafor.
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Fair & Transparent Compensation — Pay is considered above average and compensation is regarded favorably compared with similar companies. Base salaries are described as competitive and overall pay is often viewed positively.
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Equity Value & Accessibility — Equity is included alongside cash pay, with multiple roles noting company equity as part of total compensation. Equity participation is described as accessible and meaningful for employees.
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Leave & Time Off Breadth — Generous PTO, paid holidays and sick days, plus an unlimited vacation policy are offered. These provisions indicate broad time-off coverage that supports time away when needed.
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The Company
What We Do
We are setting new standards of productivity and cost-efficiency for the way General Contractors and Subcontractors manage procurement & financial transactions. With over $100 million of VC financing, we are forging the path for construction innovation. Join us on our mission to advance the largest industry in the world.
Why Work With Us
Our team at Constrafor is passionate and dedicated, always striving for excellence. We encourage creativity and empower our members to take ownership of their roles. Our people are the foundation and engine of our success. We pride ourselves on being a flat organization where every voice and idea is valued.
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