Elect Capital

SME loans and merchant advances

Underwriter

Retail & Commercial BankingConfirmed live in the last 24 hours

Full-timeSydney NSW, AustraliaNo salary listedIn-person

About the Job

Requirements

At least 2 years of credit assessment or underwriting experience in small and medium-sized enterprise or commercial lending.
Experience in unsecured, short-term small and medium-sized enterprise underwriting, including merchant cash advances, revenue-based finance, or daily- or weekly-repayment products.
Ability to analyse bank statements, open banking data, and financials to assess serviceability and cash flow.
Working knowledge of Australian Taxation Office, Australian Securities and Investments Commission, Personal Property Securities Register, and credit bureau checks, including Equifax and illion.
Experience designing or owning credit policy, pricing grids, or scorecards, rather than only applying frameworks set by others.
Experience holding meaningful delegated lending authority and independently deciding deals.
Ability to size and price deals behind existing lenders based on remaining cash flow.
Eligibility to work in Australia.

Responsibilities

Underwrite deals ranging from $25,000 to $1.5 million, with decisioning authority aligned to experience.
Analyse financials, bank data, and open banking feeds to assess creditworthiness.
Apply credit risk policies accurately and flag appropriate exceptions for review.
Support offer structuring that balances speed, risk, and commercial value.
Work closely with sales and 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 customer relationship management records.
Contribute insight and feedback to help refine credit policy over time.

Desired Qualifications

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

Underwriter (Sydney)

Elect Capital · Sydney, Australia · Full-time · Posted 2026-10-02

Workplace: on_site

Department: Lending

Description

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

Requirements

🔍 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

Apply

Apply at Elect Capital

About the Company

Elect Capital

SME loans and merchant advances

Elect Capital provides fast funding to small and medium-sized enterprises in the United States and United Kingdom, offering business loans and merchant cash advances ranging from $25,000 to $750,000. The process uses a streamlined online application with approval in hours and possible funding on the same day. Instead of relying primarily on personal credit scores, the underwriting evaluates business performance metrics such as monthly revenue, allowing a broad range of clients, including those who may not qualify for traditional bank loans, to access capital. The company serves diverse industries, including retail, e-commerce, technology, healthcare, and manufacturing, and earns revenue from interest and fees on the financed products. Elect Capital differentiates itself by its emphasis on revenue-based assessment and rapid, accessible funding rather than traditional banking criteria. Its goal is to provide quick, flexible working capital to SMEs to support growth and operations.

Company size: 51-200
Company stage: Not listed
Total funding: Not listed
Headquarters: London, United Kingdom
Founded: 2025

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