At a Glance
- Tasks: Assess credit risk and underwrite deals for SMEs, ensuring fast and fair decisions.
- Company: Elect Capital is revolutionising SME funding with a focus on speed and flexibility.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Fast-paced role with a focus on accuracy and collaboration with sales and broker partners.
- Why this job: Join a mission-driven team that empowers businesses to grow without the hassle of traditional lending.
- Qualifications: 2+ years in credit assessment or underwriting, with strong analytical skills.
The predicted salary is between 110000 - 130000 $ per year.
- Underwriter - SME Lending
- Sydney
- About Elect Capital
Elect Capital is changing how SMEs access funding.
We provide fast, flexible working capital loans, business loans, and merchant cash advances - no red tape, no slow decisions.
Live across the UK, Australia, Canada, and the US, and scaling fast, we give SMEs the speed and flexibility traditional lenders can't.
Our Mission
We exist to give SMEs the capital and confidence to grow - fast, fair, and friction-free.
Every ambitious business deserves a real shot at growth, not months of paperwork.
We've built lending for speed, without cutting corners on fairness.
When SMEs win, we win.
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, broker partners, 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 from $25K to $1.5M, with decisioning authority aligned to experience
- 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 sales and our broker partners 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
- 2+ years' credit assessment or underwriting experience in SME or commercial lending
- Experience in unsecured, short-term SME underwriting
- Confident analysing bank statements, open banking data and financials to assess serviceability and cash flow
- Working knowledge of ATO, ASIC, PPSR and credit bureau (Equifax/illion) checks
- Highly organised - nothing gets missed, nothing gets dropped
- Thrives on pace and volume without sacrificing accuracy
- Clear, commercial communicator with sales and broker partners
- Bonus
- Revenue-based finance or merchant cash advance experience (fintech/non-bank)
- Broker-originated deal flow experience
- Experience identifying fraud, doctored statements or loan stacking
- Held a delegated credit authority
- Our Offer
- Salary range: $110,000 - $130,000 AUD + super
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Underwriter – Sydney employer: Elect Capital
Elect Capital is an exceptional employer that champions a dynamic and supportive work culture, particularly for the Underwriter role in Sydney. With a focus on empowering SMEs, employees enjoy opportunities for professional growth while contributing to meaningful change in the lending landscape. The fast-paced environment fosters collaboration and innovation, ensuring that every team member plays a vital role in driving success and making a real impact.
