Underwriter (Sydney)

Underwriter – SME Lending

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, including products such as merchant cash advances, revenue-based finance, or daily/weekly-repayment products
• 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
• Experience designing or owning credit policy, pricing grids, or scorecards, not just applying frameworks set by others
• Has held a meaningful delegated lending authority and decided deals independently
• Ability to size and price deals behind existing lenders based on remaining cash flow
• Clear, commercial communicator with sales and broker partners
• Eligible to work in Australia

Bonus

• Experience with broker-originated deal flow
• Experience identifying fraud, doctored statements or loan stacking
• Experience with bank commercial credit