Builder Circle ยท 2 days ago
Head of Risk
United States
Full-time
Remote
Director/Executive
10+ years exp
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Responsibilities
Be responsible for credit risk policies and strategies, with the objective of managing credit risk performance while enabling portfolio growth.
Set credit risk appetites; identify and manage portfolio level credit risks, key exposures and concentration risks.
Oversee and own the risk analysis and approval of all lending decisions from origination to closing.
Own and develop systems and benchmarks to support decision-making processes.
Monitor performance and provide data driven insights to senior stakeholders.
Produce and present credit applications for individual loan applications for approval by the risk committee, ensuring all material credit risks have been identified and mitigation actions have been defined and progressed.
Evaluate builders and construction creditworthiness to drive business goals forward while maintaining a balance of risk versus security.
Define benchmarks to assess loan grants that meet industry standards but drive the business in a healthy and profitable manner.
Monitor loan payments from builders and implement agreed-upon-procedures to maximise recoverability.
Gather details and compile data to define project parameters in terms of scope, time, cost and feasibility.
Provide understanding of conceptual estimates, scope development and analysis, and project timelines.
Perform site inspections as needed of construction projects to determine status and completion percentage is in balance with loan funds outstanding.
Conduct post-project evaluations to measure achievement of project goals, validate project budgets and timelines, and calibrate project parameters as necessary for future projects.
Oversee underwriting of large new construction / land projects while keeping tabs on concentrations, negotiating terms for both facilities and raising money.
Handle all extensions and delinquencies.
Use your knowledge of the industry and the macroeconomic environment to identify emerging credit risks for the business and develop forecasting models.
Qualification
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Required
Bachelor's degree in finance, or a related field.
At least 10 years of experience in credit, capital markets or general financial business in a start-up and/or real estate environment.
Ability to work in a fast-paced, dynamic environment and adapt to changing priorities.
Understanding of warehouse facilities to maximize business goals.
Strong understanding of debt structures and raising capital.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and management skills.
Excellent relationship management skills.
Strong analytical and financial modeling skills.
Preferred
MBA preferred.
Strong preference for candidates with working experience in construction lending, rehab lending and development loans.
Company
Builder Circle
Builder Circle is a Midwest-based lending company that provides independent home builders, rehabbers, developers, and real estate investors with a better, more practical, and more efficient approach to the loan underwriting and construction draw processes.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase
