Head of Construction Draws

Remote
Loan Operations /
Full Time /
Remote
Join a fast growing start up changing the real estate investing industry! 

Backflip is a venture-backed FinTech company that empowers anyone to improve their life and their neighborhood through real estate investing. To do that, we need people who are inspired to reimagine and rebuild an outdated and unbalanced system; to support and celebrate America’s local entrepreneurs. Check out the Backflip app here to experience first hand how we're making a difference through our technology.

Backflip is seeking a Head of Construction Draws to oversee all aspects of construction project oversight within our business-purpose loan funnel (“fix & flip” investments). This role will be responsible for developing and implementing processes to assess construction budgets and feasibility, review and approve change orders, manage draw and funding process, and build a knowledgeable team that collaborates directly with borrowers to optimize their projects. 

The ideal candidate will have a strong background in residential construction management, project management, or real estate development, with a proven ability to lead teams, streamline processes, and ensure successful project outcomes in a remote environment while prioritizing customer experience. They will also play a key role in ensuring Backflip’s Culture continues to be enlivened in the operation. This position reports to the Senior Director of Loan Operations.

This position is remote (U.S.) and a rare opportunity to get in on the ground floor (~75 person team) working directly with senior leaders in a well-capitalized startup with a great culture (Check out our recently announced $15M Series A).

What You’ll Do:

    • Establish clear guidelines for approving all construction budgets prior to closing to ensure alignment with the member and set the project up for success 
    • Implement processes to review inspection reports and documentation prior to disbursement to ensure compliance with Backflip’s Credit Policy
    • Develop and execute strategies to streamline processes and improve operational efficiency within the construction draw funnel to achieve industry-leading processing times and NPS scores
    • Recruit and hire a knowledgeable and skilled construction operations team to scale an exceptional draw experience
    • Collaborate with the Capital Markets and Product teams to research and develop innovative products and services
    • Manage the relationship with capital markets counterparties and actively seek opportunities to build trust and enhance our partnerships
    • Assist the team in resolving loan-level escalations and other asset management functions
    • Provide leadership, guidance, and training to the team, fostering a positive and productive work environment that enlivens our company values

Qualifications:

    • 4+ years of relevant experience in residential real estate lending, construction, or project management
    • 2+ years in a relevant managerial or supervisory role in a remote work environment
    • Prior experience working in a high volume construction draw disbursement team
    • Prior experience with a fintech company or venture-backed startup is a plus 
    • Exemplary computer skills - demonstrated ability and desire to learn new technologies (we use Slack + Notion + Google Workspace + Front + HubSpot + more)
    • General understanding of construction, mortgage and investment concepts; comfortable performing basic math calculations
    • Prior experience investing in single family real estate is a plus

This candidate will champion Backflip’s culture & Core Values:

    • Raise the standard of what is possible
    • Embrace being the novice to become the master
    • Work only with those who want the best for us
    • Communicate quickly, naturally and with radical candor
    • Test new things to invent and challenge the status quo
    • Today, nay now!
Compensation for this role includes a base salary ranging from $95,000 - $105,000 plus an annual bonus ranging from $25,000 - $35,000, and is based on a variety of factors including prior experience, geographic location, stock option grant, and other factors, and may fall outside of the stated range for certain candidates. In addition to a competitive market salary, Backflip employees receive equity stock options, paid health care, and a 401K + company match, among other industry-leading benefits.

All Backflip positions are Remote. Like the people we serve, we believe being free to create wherever you’re most inspired is one of life’s greatest joys. It’s better for individuals, for community, and for fostering great work to emerge. With our work-from-anywhere approach, Backflip brings together a diverse team of individuals, with passions for innovation, art, coding, AI, data, finance, film, real estate, the environment, learning and teaching. Together, we're moving fast.

Backflip is an equal opportunity employer. We know that building a world-class organization is not possible without an intentional focus on recruiting, empowering, promoting and rewarding the best and brightest people of all backgrounds. Backflip focuses on hiring individuals that align with its Core Values (listed above), and consistently display a high ethical standard, both personally and professionally.

This role is not eligible for visa sponsorship.