Head of Credit Risk

Constrafor is a SaaS and fintech platform purpose-built for construction. We are setting new standards of productivity and cost-efficiency for the way General Contractors and Subcontractors manage procurement & financial transactions. With over $30 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.

As the Head of Credit Risk 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 Risk, 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.

📝 Key Responsibilities:

• 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.

📈 Qualifications:

• 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.

💼 Constrafor Benefits:

• Competitive Salary: $185,000–$200,000 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.

Constrafor is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local law.