Underwriter – SME Lending

Sydney

About Elect Capital

Elect Capital is changing how SMEs access funding. We provide fast, adaptable 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 valuable 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
Transparent, 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

📌 Underwriter Sydney (Australia)
🏢 Elect Capital
📍 Australia