Head of Credit Underwriting

Constrafor; New York (NY); Hybrid; USD 190,000 - 220,000; Full time

Benefits offered by this job

Hybrid office near Hudson Yards

Insurance coverage (medical, dental &-

Generous PTO

Significant equity ownership

Collaborative culture

Opportunity to impact a growing tech/S

Job summary

Constrafor is rebuilding the financial infrastructure behind construction finance and scaling rapidly. As Head of Credit Underwriting, you will architect a best-in-class risk function that protects the company while enabling disciplined growth and scalable originations.

You will own risk across underwriting, portfolio strategy, fraud, and compliance, and partner with Credit, Sales, Legal, Product, and Engineering to embed risk into product design and onboarding.

Qualifications

• Bachelor’s degree in finance or economics required.
• 8+ years in alternative credit roles.
• Experience building risk frameworks across ABL, factoring, and receivables.
• Strong risk modeling and portfolio analytics knowledge.
• Excellent communication with internal and external stakeholders.
• Startup or high-growth experience preferred.
• Ability to lead through influence across functions.
• Construction finance risk understanding is a plus.

Responsibilities

• Develop and implement a company-wide risk management framework tailored to construction finance.
• Own portfolio risk strategy across underwriting, monitoring, and loss mitigation.
• Monitor risk exposures including project performance, payment waterfalls, liens, and delays.
• Provide leadership to the risk organization and foster accountability.
• Lead risk assessments for clients and counter-parties.
• Establish portfolio monitoring with early warning indicators and risk grading.
• Innovate underwriting framework to enable scalable originations.
• Analyze risk trends and macro impacts on the portfolio.
• Ensure policy knowledge and partner with credit providers on resolutions.
• Collaborate with Credit, Sales, Legal, Product, and Engineering.
• Build and monitor risk performance to protect liquidity.

Skills

Risk management

Communication

Startup experience

Analytical thinking

Problem solving

Cross-functional collaboration

Construction finance knowledge

Education

Bachelor's degree in finance or economics

Master's degree preferred

Job description

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 judgement 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.