In-House Counsel, Constrafor
Construction Litigation
$180-200k
+ Equity
Construction productivity software and financial services
Job no longer available
Construction productivity software and financial services
21-100 employees
Job no longer available
$180-200k
+ Equity
21-100 employees
Company mission
To set new standards of productivity and cost-efficiency for the construction industry through its productivity and financial services platform.
Role
Who you are
- Juris Doctor (JD) from an accredited law school with the ability to practice law in New York
- 5-8 years of legal experience in construction litigation or transactional work
- Experience representing general contractors, subcontractors or owner representatives
- Proficiency in factoring, structured credit, or asset-backed financing
- Exceptional judgment and ability to act decisively in situations requiring quick but thorough analysis, particularly in financing and counter-party risk mitigation
- Previous knowledge of filing mechanic liens and surety bond claims
- Thrive in a dynamic, fast-paced environment and able to turn work around quickly, as needed
- Strong communication skills and the ability to work across functions
What the job involves
- We are seeking a highly skilled Legal Counsel to assume a pivotal role in fostering a risk-aware culture and ensuring effective risk management practices in accordance with pertinent lien laws and trust statutes within the construction industry
- The successful candidate will play a key role in understanding our existing construction factoring product and navigating the intricacies associated within the receivables financing space
- Collaborating closely with the credit team, you will be responsible for financial product underwriting and legal recourse on non-performing assets. As our first in-house counsel, you will assess, and communicate relevant legal requirements pertaining to financial risk within construction factoring
- This position will report directly to the CEO
- Collaborate with the leadership team to achieve key business objectives and ensure compliance with all pertinent legal requirements
- Provide comprehensive legal support and advice applicable to lien laws and trust statutes
- Assist in collection and recovery efforts related to non-performing assets
- Familiarize yourself with key compliance frameworks and contribute to proactive monitoring, risk identification, and escalation
- Think through and provide guidance with complex concepts and tackle them in an organized and efficient manner
- Participate in product and cross-functional initiative developments throughout Constrafor
- Liaise with outside counsel to streamline all legal processes and maximize value on litigation and collection efforts
- Draft, negotiate, and examine client and vendor agreements
Our take
Large construction projects take a long time to finish, and subcontractors can get caught up in the flow of money, waiting up to 80 days to be paid by general contractors. Such situations not only lead to project delays but also impose the burden of financing their project segments onto subcontractors. However, Constrafor has set out to change this through its SaaS construction procurement platform.
It streamlines information and documentation for how general contractors work with subcontractors and assumes the risk for the subcontractor invoice, freeing up cash flow. The general contractor then reimburses Constrafor for the invoice; its revenue is based on taking in about 2% of the value of the invoice.
Given that construction companies typically allocate less than 1.5% of their revenue to technology investments, Constrafor finds itself in substantial demand. It stands out by offering tailored solutions, designed and developed on behalf of these companies. Bolstered by Series A funding, Constrafor is poised to elevate its operations, effectively facilitating crucial functions like payroll management and other pivotal aspects of the construction process.
Freddie
Company Specialist at Welcome to the Jungle
Insights
17% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Nov 2024
$14m
SERIES A
Apr 2023
$7.5m
EARLY VC
Total funding: $29.2m
Company benefits
- Equity Ownership: Opportunity for equity ownership in Constrafor
- Hybrid Work Schedule: M-W at our beautiful Hudson Yards office
- Comprehensive Benefits: Medical, dental, and vision insurance for you and your dependents
- Generous PTO: Generous paid time off plan
- Innovative Culture: A collaborative and innovative work environment that values your input
- Impactful Work: Opportunity to make a significant impact in a growing tech company
Company HQ
Chelsea, New York, NY
Leadership
Anwar Ghauche
(Co-Founder)Experience as Senior Consultant of Booz & Company from 2010 to 2013. Investment Analyst for QVT Financial LP from 2015 to 2018.
Salary benchmarks
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