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Constrafor · 3 months ago

Head of Credit Risk

NYC

Full-time

Hybrid

Director/Executive

$180K/yr - $190K/yr

7+ years exp

Constrafor is a SaaS and fintech platform focused on advancing the construction industry. As the Head of Credit Risk, you will develop and implement credit risk policies, lead a team, and conduct assessments to enhance financial transactions within the construction sector.

ConstructionFinancial ServicesFinTechSaaS

Responsibilities

Develop and implement credit risk policies and procedures specific to receivable financing product within the construction sector

Monitor and assess credit risk exposures within our EPP portfolio, identifying construction-specific risks and opportunities for enhancement

Provide visionary leadership and guidance to the credit risk team in these specialized areas, fostering collaboration and knowledge exchange

Conduct comprehensive credit risk assessments for construction clients, evaluating collateral and creditworthiness

Innovate on the existing framework to allow for high, continued scalability

Analyze and report on credit risk trends and concentrations within Constrafor’s EPP portfolio

Maintain strong working knowledge of the company’s credit policies and procedures and identify exceptions to policy with potential resolutions

Stay abreast of industry-specific trends and regulatory changes affecting Receivable Financing in construction finance, adapting credit risk strategies accordingly

Contribute to regular discussions with internal teams to create a strong collaborative environment and align proper expectations and usage of credit

Build and monitor credit transactions on a regular basis to ensure portfolio performance

Prepare and present construction-focused credit risk reports and recommendations to senior management and the board of directors

Qualification

Credit risk managementAsset-Based LendingCredit risk modelingFinancial statements analysisConstruction industry knowledgeAnalytical skillsSQL experienceStartup experienceCommunicationProblem-solving skills

Required

Bachelor's degree in finance, economics, or a related field

Minimum of 7 years of credit risk management experience, with a proven track record of leadership and strategy development in Asset-Based Lending (ABL), Invoice Factoring, or Receivable Financing

Strong understanding of credit risk modeling & analytics

Understanding of financial statements, accounting practices and collateral, legal requirements, and other relevant credit information

Excellent communication and presentation skills

Ability to excel in a fast-paced, collaborative environment

Strong analytical and problem-solving skills

Ability to communicate effectively and continuously with team members and external parties