Head of Credit Underwriting

Role Overview

• 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.

Requirements

• 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.

Benefits

• Competitive Salary: $185,000–$210,000 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.