---
title: 'Construction Risk Associate at Ascent Developer Solutions'
canonical: 'https://feeny.ai/job/construction-risk-associate-ascent-developer-solutions-boston-6r3667ea92v2'
type: 'job'
last_seen: '2026-09-05'
---

# Construction Risk Associate at Ascent Developer Solutions

- **Company:** Ascent Developer Solutions
- **Location:** Boston, MA
- **Posted:** 2026-07-23
- **Last confirmed live:** 2026-09-05
- **Apply:** https://job-boards.greenhouse.io/ascentds/jobs/4330248009

## Job description

## About Ascent

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

The Role.

The Construction Risk Associate plays a pivotal role in Ascent’s success with high-value residential construction projects (SFR & MFR), utilizing their expertise to evaluate construction loan applications with precision and care. By analyzing financial data, project plans, and conducting detailed risk assessments, they ensure sound decisions that meet company standards and borrower needs. Their insights foster trust and reliability in construction lending operations, while their ability to collaborate with diverse stakeholders and deep knowledge of construction projects drives Ascent’s operational excellence.

The Work.

- Assess project feasibility, risk factors, and the borrowers’ creditworthiness, applying Company underwriting guidelines to recommend an appropriate level of loan approval.
- Prepare comprehensive underwriting documentation, including risk assessments, loan conditions, and recommendations for loan approval or denial.
- Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions.
- Contribute to decision-making for projects ranging in value from $3 million to $20 million, ensuring they meet stringent financial, regulatory, and investment criteria.
- Provide strategic insights that drive the company's growth and enhance its competitiveness in the market, ensuring cost-effectiveness and operational excellence. Stay informed about market trends, construction costs, and regulatory changes affecting the construction and banking industries.
- Translate complex project data into actionable financial insights to guide investment decisions and prioritize projects effectively.
- Consult with Loan Officers to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent.
- Work closely with relationship managers, borrowers, regulatory bodies, and internal and external partners to gather necessary information and address any concerns or questions.
- Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues.
- Provide regular reports and updates to senior management on the status of construction loans and the overall health of the construction loan portfolio.
- Develop sophisticated financial models and conduct detailed risk analysis to support the evaluation, planning, and expansion of large-scale projects.
- Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance.
- Advocate and support the integration of innovative digital solutions that optimize business processes and workflows, system functionality, and user experience.
- Demonstrate high ethical standards and professionalism when handling significant financial transactions and sensitive information.
- Ability to visit job sites to perform construction progress inspections, as needed.
- Ability to visit prospective sponsors for on-site meetings and meet with sponsors in person, as needed.

Your Knowledge & Experience.

- BA/BS in construction management, finance, business, real estate, or a related field, or equivalent practical experience in construction management, financial analysis and project financing
- 3+ years of underwriting or risk assessment experience in construction lending within the banking industry
- Advanced knowledge of financial modeling techniques, and tools like Excel and financial software platforms
- Experience communicating and collaborating with internal and external stakeholders
- Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite).
- Strong analytical and decision-making abilities
- Experience successfully multi-tasking and prioritizing work
- Experience consistently meeting deadlines in a fast-paced environment

The Pay.

- Salary Range: $85,000 - $100,000 per year
- Bonus: 20% per year

The Work Environment.

- This role is on-site from Ascent's Boston office, Monday - Thursday (Fridays are work-from-home).

Our Benefits

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.

Our Pledge

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.

## About Ascent Developer Solutions

## Company Overview
- **One-liner**: Ascent Developer Solutions is a private lending and institutional debt platform that provides customized short-term financing solutions for top-tier single-family, homebuilder, and multi-family developers.
- **Entity Type**: Private (funded via Private Equity round)
- **Headquarters**: Los Angeles (Encino), California, United States
- **Founded**: 2024
- **Founders**: Robert Wasmund

## Core Business
- Primary industry/industries: Financial Services (Real Estate Lending / Private Credit)
- Target customers: B2B — top-tier single-family developers, homebuilders, multi-family developers, and residential real estate investors
- Mission or purpose statement: To offer developers an efficient and streamlined advantage through customized financing solutions, proprietary software, and data-driven insights. The company was founded "For Developers. By Developers."

## Products & Services
- **Single-Family Luxury Loans**: Short-term secured loans for the purchase, renovation, and construction of luxury, market-rate, multi-property, and short-term rental assets.
- **Homebuilder Loans**: Build-for-sale and build-to-rent project financing for homebuilders.
- **Multi-Family Loans**: Financing for mixed-use, for-rent, and for-sale multi-family assets, including manufactured housing communities.
- **Bridge Financing**: Post-completion bridge loans for developers transitioning projects to permanent financing.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed (private company)
- **Key Metric**: Total Funding — Private Equity round led by Elliott Management Corp. (July 2024); the management team has collectively originated **over $20 billion** in loans across **20,000+ loan originations**.
- **Notable Investors/Partners**: Lead investor is **Elliott Management Corp.** (via Elliott Investment Management L.P.), a major global investment firm.
- **Growth Signals**: 
  - Rapid headcount growth: +89.5% year-over-year, now at 81 employees
  - Active expansion into New England with a new Boston office
  - Featured closings include a $39 million facility for a development parcel in the Inland Empire and a $14.25 million bridge loan for a 290-unit rental portfolio in Houston
  - 13 active job postings (as of mid-2026), with job posting volume up +116.7% year-over-year

## Competitive Advantages
- **Deep Industry Expertise**: Founded by Robert Wasmund, with an executive leadership team that collectively represents **200+ years** of hands-on industry experience and a proven track record of scaling private loan origination platforms.
- **Proprietary Technology**: The company leverages its own proprietary software and data product suites to streamline the lending process, doing the "heavy lifting" so team members can focus on high-value work.
- **Strong Capital Backing**: Backed by Elliott Management Corp., providing significant institutional credibility and capital access.
- **Niche Focus**: Specializes exclusively in top-tier developers, allowing for deep domain expertise and tailored solutions that generalist lenders cannot easily replicate.

## Strategic Focus
- **National Expansion**: Actively expanding beyond California into new markets, including the New England region (Boston office).
- **Talent Acquisition**: Aggressively hiring across multiple functions (sales, technology, legal, operations) to support rapid growth.
- **Technology Investment**: Continuing to build out proprietary software and data analytics capabilities to maintain a competitive edge in loan origination and servicing.
- **Product Diversification**: Expanding into manufactured housing community lending and other specialized real estate asset classes.

## Why Work Here
- **High-Growth Environment**: The company is in a rapid scaling phase (89.5% headcount growth YoY), offering employees the chance to grow their careers alongside the business.
- **Data-Driven Culture**: Ascent emphasizes leveraging data and insights for informed decision-making, making roles "more impactful and rewarding" — a strong draw for analytical talent.
- **Innovation & Adaptability**: The company describes itself as "constantly innovating & adapting" to provide new products and market opportunities, giving employees exposure to new skills and challenges.
- **Work Policy**: In-office (on-site) at the Encino, Los Angeles headquarters and the new Boston office. Employees work from physical offices.
- **Notable Perks**: Recognition programs like the "Apex Award for Employee Excellence"; emphasis on career growth and skill development.
- **Engineering/Culture Highlights**: The technology team (led by SVP of Technology John Issa) is building proprietary tools that directly impact the business. Roles like Senior Data Engineer and Senior Data Scientist are actively posted, indicating a strong technical backbone and investment in data infrastructure.

## Sources
1. [ascentds.com](https://www.ascentds.com/)
2. [ascentds.com/about-us](https://www.ascentds.com/about-us)
3. [ascentds.com/careers](https://www.ascentds.com/careers)
4. [linkedin.com/company/ascent-developer-solutions](https://www.linkedin.com/company/ascent-developer-solutions)
5. [builtin.com/company/ascent-developer-solutions](https://builtin.com/company/ascent-developer-solutions)

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