Underwriter (Toronto)

Underwriter | Elect Capital | Toronto 📍 Location: Toronto, Canada Reporting to: Senior Underwriter / Head of Credit Risk About Elect Capital Elect Capital backs ambitious UK, Canadian and US businesses with capital that cuts through the noise. Built for speed, edge and action, we deliver funding where others stall. We're not here to reinvent financing - we're here to do it better. We move at the pace of our clients and connect them to capital that works. Elect offers 1-9 month business financing with daily or weekly repayments and fast, transparent decisions. 90% of completed applications receive an offer within 4 hours - with clear pricing, no unnecessary hurdles, and a team that knows how to get deals done. Whether a client applies directly or via a broker, we aim to make the funding journey sharp, clean and simple. Our Mission We are on a mission to back ambition. Disrupting the lines of traditional finance and providing access to ambitious businesses, with capital that moves as fast as they do. Our Values: C.O.R.E Challenge - Ask the hard questions. Improve what you touch. Opportunity - Spot it. Shape it. Run with it. Resilience - Stay steady. Adapt fast. Keep momentum. Edge - Think sharp. Move sharp. Stand out. We hire people who act fast, think commercially, and bring clarity to everything they do. The Role We're looking for a sharp, detail-driven Underwriter to assess credit risk across our deal flow. You'll analyse financials, apply credit policy, and work closely with sales, ops, and credit to help move good deals fast — and stop bad ones faster. This is a hands-on role where accuracy, commercial instinct, and pace are essential. Key Responsibilities Underwrite deals ranging from $25K - $1.5M Analyse financials, bank data, and open banking feeds to assess creditworthiness Apply credit risk policies accurately and flag sensible exceptions for review Support offer structuring that balances speed, risk, and commercial value Work closely with the sales team to support fast decisions and clean execution Escalate edge cases and complex scenarios to senior underwriters or credit leadership Maintain accurate underwriting documentation and CRM records Contribute insight and feedback to help refine credit policy over time What We're Looking For Highly organised — nothing gets missed, nothing gets dropped Thrives in fast-paced environments with multiple moving parts Clear, professional communicator with a commercial edge Self-starter who stays aligned with team goals Bonus: Experience in unsecured, short-term SME underwriting Our Offer A fast, focused environment where your impact is immediate Ownership over your work and a voice in how we improve Opportunities to grow with a company that's scaling quickly A team that values clarity, pace, and practical thinking Competitive salary and path for progression A chance to contribute to a mission driven company Think you're a fit? Let's talk.

The Underwriter is responsible for assessing credit risk for deals ranging from $25K to $1.5M by analyzing financials and bank data. They collaborate with sales and operations teams to ensure fast, accurate decision-making and maintain detailed underwriting documentation.

Candidates should be highly organized self-starters with strong commercial instincts and professional communication skills. Experience in unsecured, short-term SME underwriting is considered a bonus.

• Competitive Salary • Path For Progression

• Financial analysisPreferred

Identified from the job description. Confirm important requirements above.

• Credit Risk Assessment
• Financial Analysis
• Underwriting
• Credit Policy Application
• SME Underwriting
• Commercial Instinct
• CRM Management
• Open Banking Analysis
• Deal Structuring
• Risk Mitigation

• Finance & Accounting
• Data & Analytics

Minimum experience

2+ years

Apply by

Feb 10, 2027

Posting language

English

Working hours

40 hours per week

Seniority

Associate

Application method

Direct apply is available