Principal Underwriter, SMB Risk

Clearco; Canada; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial services provider in Canada seeks a senior individual contributor for its underwriting team. The role involves conducting credit reviews, developing risk frameworks, and performing detailed financial analysis to support decision-making. The ideal candidate has over 7 years of experience in finance or credit underwriting and is skilled in analytical problem-solving and effective communication. This position supports a remote-first culture with a focus on collaboration and improvement.

Benefits

Inclusive work environment

Barrier-free recruitment process

Qualifications

• 7+ years of experience in finance, credit underwriting, or investment banking.
• Experience with SMB credit underwriting, preferably at a commercial bank.
• Strong analytical abilities in financial data.

Responsibilities

• Conduct reviews of Clearco customers for credit decisions.
• Develop detailed risk frameworks alongside the credit team.
• Undertake financial statement analysis to evaluate customer health.

Skills

Financial statement analysis

Credit analysis

Risk management

Leadership in remote culture

Excellent communication skills

Education

Graduated from analytics, business, accounting, economics, or finance program

Job description

Clearco is the capital partner that thinks like a founder. We provide fast, flexible, and founder-first funding designed to scale with your momentum. With over $3 billion deployed to 10,000+ brands, Clearco is the only platform offering both Cash Advance and Invoice Funding in one place. Our performance-driven model delivers competitive terms, capped weekly repayments, and access to capital in as little as 24 hours. There’s no dilution, no personal guarantees, and no friction. Whether you're securing inventory, funding ads, or launching your next big product, Clearco helps you move faster with confidence.

What your day-to-day will look like:

• Become one of the most senior individual contributors on the diligence and underwriting team at Clearco
• Conduct reviews of Clearco customers to reach robust credit decisions
• Develop and refine detailed risk frameworks for these decisions alongside the credit team
• Work collaboratively with internal stakeholders to complete ad-hoc requests and projects, often with time constraints
• Continually stay abreast of underwriting best practices and expand knowledge
• Undertake detailed financial statement analysis to evaluate the financial health of Clearco customers and prospects and effectively communicate findings to key stakeholders
• Test and refine specific financial metrics and ratios Clearco uses in its financial statement analysis to enhance the efficiency and accuracy of Clearco’s underwriting process
• Maintain expert knowledge of and adherence to Clearco’s internal financial underwriting framework, authorization limits and escalation processes
• Build positive relationships and trust among key stakeholders and serve as a risk advisor to Credit & Risk leadership
• Conduct regular, ongoing analysis of the Clearco portfolio in order to identify risks and assist with the development of action plans for remediation

You will thrive if you have:

• Graduated from an analytics, business, accounting, economics, or finance program
• 7+ years of finance, credit underwriting, consulting, commercial banking, private equity, analytics, or investment banking experience
• Prior experience underwriting SMB credit, preferably at a commercial bank or comparable specialty finance platform
• Extensive knowledge of and experience in financial underwriting, credit analysis, investment operations and/or risk management
• A passion for diving deep into company data and conducting thorough financial statement and credit analysis
• Familiarity with the e-commerce landscape, business models, and metrics
• Experience leading and motivating high-performance teams in a remote‑first culture
• Strong analytical abilities to simplify sophisticated problems
• Excellent communication, interpersonal, and collaboration skills
• Confidence in building and presenting training modules on finance and risk management
• Strong ability to write reports and conduct statistical analysis with clear recommendations
• Sound knowledge of general compliance requirements as they relate to privacy, know-your‑customer and anti‑money laundering protocols
• A results‑oriented mindset, with a passion for exceeding goals, and a proven track record of success
• Are a builder and can identify room for improvement; Clearco is building for scalability and constantly improving our processes and procedures
• Accountability to own mistakes and development; comfortable with radical candour
• Strong customer‑facing experience; you’re highly‑experienced at taking external meetings and are confident leading discussions and negotiations

Clearco is an equal‑opportunity employer. We celebrate our inclusive work environment and welcome members of all backgrounds and perspectives to apply. At Clearco, we’re committed to developing and upholding an inclusive, transparent, and comfortable environment for all. We create a space where every voice, perspective, and idea is heard and acknowledged. We embrace differences and know that our diverse team is our strength and what drives our innovation.

Clearco is committed to developing a barrier‑free recruitment process and work environment. If you require any accommodation, please let us know and we’ll work with you to meet your accessibility needs.