Risk Underwriter
6 months ago
**Who we are**:
At OnDeck Canada, we make small business a big deal. We’re improving Canada’s economic landscape by changing the way small businesses access capital. We care intensely about each other, our company and the customers we serve, and are committed to making every day count.
Located in downtown Montreal, OnDeck Canada is a financial technology company and is one of Canada’s largest online lenders to small businesses.
OnDeck aggregates hundreds of data points, including credit scores and bank statements, to evaluate the financial health of small and medium sized businesses and delivery cashflow solutions in a market that has been underserved by major banks. OnDeck platforms provide small businesses with affordable loans and merchant cash advances in a more convenient, flexible, and customer-friendly way.
**The opportunity**:
To analyze potential borrowers’ creditworthiness and make lending decisions to help small businesses grow.
**Get paid to**:
- Present recommendations to Senior Underwriters and make lending decisions within designated authority levels
- Validate the details of small businesses using online tools and other reports
- Analyze and validate applicant information and evaluate fraud risk
- Communicate with our Sales department to ensure required additional documents meet lending guidelines
**About you**:
- 1-2 years of work experience in commercial loan underwriting, preferably gained while working in the underwriting department of a Canadian bank or alternative lender
- Bachelor’s degree in commerce, economics, finance or a related discipline is considered a definite asset
- Ability to interpret financial information in the context of assessing small business credit quality (including review of financial statements, bank statements, credit reports and information obtained from other data sources)
- Strong communication skills and an ability to act as the outward face of the credit department
- Ability to learn and help others while working in a team environment, as well as work independently
- Strong analytical skills with commercial awareness and a practical approach
- Ability to plan and organize workload to ensure consistent achievement of goals and targets
- Enthusiasm for a fast-paced, team-oriented environment
- Proficiency in MS Excel, Word and online research
- Written and spoken fluency in French and English
**What we offer**:
- An evolving organization
- A highly skilled team
- An opportunity to work with people that love what they do
- A fun and flexible company culture
- When we are not working remotely, access to a recently renovated office in the heart of Montreal including employee lounge, snacks, and gourmet coffee
- An Employee Recommended Workplace (The Globe and Mail/Morneau Shepell)
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