Small Business Underwriter

Help Redefine Business Lending

Desired Start Date: As soon as possible

Job Location: Toronto - Bathurst and Richmond

We are Canada’s first regulated peer-to-peer lending platform focused on small business financing. Our team is passionate about helping small businesses and collaborating in a fun, energetic, and high-performing environment. In this position, you will create tremendous value not only for our team at Lending Loop, but for the Canadian economy as a whole. If you are looking to play a key role in helping to build foundational elements of a rapidly growing start-up then this is the right position for you.

The Role

Your main responsibility will be to assess borrowers' creditworthiness and make lending decisions. This includes collecting & analyzing information, undertaking due diligence reviews and performing full credit risk assessments. You will work directly with and make credit recommendations to the Head of Small Business Underwriting.

Key Responsibilities

  • Analyse credit data and financial statements to determine the degree of risk involved in extending credit;

  • Complete review of all applications within standard service times;

  • Communicate with business owners during the assessment process and ask questions pertaining to the specifics of their business;

  • Work closely with our Small Business Advisors and Account Managers to improve internal processes and help optimize the application and funding experience for borrowers;

  • Identify potential gaps in the credit adjudication process through regular reviews and make recommendations for the ongoing development of systems, processes and business practices;

  • Actively provide feedback to the credit risk modeling team and provide suggestions on how to strengthen our underwriting models and policies;

Desired Qualities, Skills, and Experience

  • At least 2 years of experience in business loan underwriting or experience in a similar field;

  • Experience interpreting financial information in the context of analyzing small business credit quality;

  • Ability to structure transactions based upon market sector, asset and security;

  • Strong analytical and communication skills;

  • High attention to detail and ability to improve and maintain processes;

  • Openness to learning and teaching others in a team environment; ability to work independently;

To apply for this position, please email with your resume and a cover letter addressing why you want to work at Lending Loop.

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