(Senior) Underwriter

CapitalBox AB, Finnish branch; Helsinki; On-site; EUR 46,872 - 61,380; Full time

Benefits offered by this job

Global workplace

Hybrid work

LinkedIn Learning

Mentorship programs

Workation

Share purchase plan

Job summary

CapitalBox is seeking an experienced Underwriter or Senior Underwriter to join the credit team in Helsinki. You will independently assess SME loan applications, analyze financial data, and make well-supported credit decisions aligned with policy and risk appetite.

The role can be at Underwriter or Senior Underwriter level based on experience and authority. You will collaborate across functions to structure lending solutions, monitor portfolio risk, and contribute to policy improvements.

Qualifications

• 3+ years of experience in credit risk management, underwriting, or similar credit analysis role.
• Fintech experience is highly valued.
• Strong SME lending knowledge: financial statements, cash flow, debt capacity.
• Analytical and problem-solving skills with ability to base decisions on complex information.
• Excellent communication and interpersonal skills for cross-functional collaboration.

Responsibilities

• Underwrite SME loan applications per policy, delegated authority, and risk appetite.
• Perform comprehensive financial analysis including statements, cash flow and debt capacity.
• Assess creditworthiness considering financial performance, history, industry dynamics, and macro factors.
• Prepare clear credit recommendations with risk assessments and loan terms.
• Structure lending solutions with Sales and stakeholders to balance customer needs and risk.
• Monitor portfolio, identify risks, and suggest mitigation actions.
• Contribute to ongoing improvement of underwriting policies and processes.

Skills

Credit risk management

SME lending

Financial statement analysis

Analytical skills

Communication

Team collaboration

English proficiency

Job description

CapitalBox is looking for an experienced Underwriter or Senior Underwriter to join our credit team. In this role, you will independently assess SME loan applications, analyse financial and business information, and make well-supported credit decisions in line with our credit policy and risk appetite. The position may be offered at either Underwriter or Senior Underwriter level, depending on your experience, credit authority, and ability to manage complex lending cases.

What you will do

Evaluate and independently underwrite SME loan applications in line with the company’s credit policy, delegated authority, and risk appetite. Perform comprehensive financial analysis of SME applicants, including financial statements, cash flow, debt capacity, and business performance. Assess creditworthiness by evaluating financial performance, repayment capacity, credit history, industry dynamics, and macroeconomic factors. Prepare clear and well-supported credit recommendations, including risk assessments, proposed loan structures, and credit terms. Structure lending solutions in collaboration with Sales and other stakeholders to balance customer needs with prudent risk management. Monitor portfolio performance, identify emerging credit risks and early warning indicators, and recommend appropriate mitigation actions. Exercise sound credit judgement on complex lending cases and elevate exceptions where appropriate. Contribute to the continuous improvement of underwriting policies, credit processes, and decision-making frameworks.

What we are looking for

Minimum of 3 years of experience in credit risk management, underwriting, or a similar credit analysis role. Previous experience in the fintech industry is highly valued. Strong understanding of SME lending, including assessment of financial statements, cash flow, and credit risk. Excellent analytical and problem-solving skills, with the ability to make sound credit decisions based on complex information. Strong communication and interpersonal skills, with the ability to clearly explain credit decisions and collaborate effectively with colleagues across different functions. Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities while maintaining high-quality decision-making. Proactive, detail-oriented, and able to work both independently and as part of a team. Professional proficiency in English is required. Professional proficiency in at least one of the following languages is required: Finnish, Swedish, Danish, Dutch, or Lithuanian.

Salary

The salary will depend on the level of the position and the candidate’s experience:

• Underwriter: €4,200–€4,700 gross per month
• Senior Underwriter: €4,800–€5,500 gross per month

The final title and salary will be determined based on relevant experience, the complexity of previously handled cases, and the level of independent credit authority.

What we offer

• A truly global workplace: Collaborate with more than 40 nationalities across over 25 countries, embracing diversity, inclusion, and cross-cultural innovation.
• Hybrid and flexible work: Balance your life and career with remote-friendly policies and modern offices across Europe.
• A culture of growth: Accelerate your development with access to LinkedIn Learning, structured mentorship, and internal leadership programmes, including our HiPo and People Leader tracks.
• Workation programme: Work remotely from abroad for up to two months per year and experience new cultures while staying connected and productive.
• Financial growth opportunities: Invest in your future through our share purchase matching programme, which doubles eligible employee contributions and supports long-term financial growth.

We may use artificial intelligence (AI) tools to support specific parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses against predefined criteria. These tools assist our recruitment team but do not replace human judgment. All final hiring decisions are made by human recruiters.

At Multitude, we’re more than just a European FinTech company listed on the Frankfurt Stock Exchange – we’re a global team shaping the future of finance. With 700+ professionals based in over 20 locations, we combine diverse perspectives and expertise to deliver digital lending and online banking solutions that empower consumers, SMEs, and FinTechs worldwide. Through our Growth Platform, we operate three dynamic business units: Ferratum - seamless mobile banking for consumers, CapitalBox - flexible financing solutions for SMEs, Multitude Bank - tailored support for non-bank lenders and FinTechs. In 2025, we generated €256.9 million in revenue and €26.6 million in net profit, reflecting our strong performance, continued innovation, and commitment to delivering sustainable growth. But what truly sets us apart is our culture. At Multitude, our people are our greatest asset. We foster a dynamic, inclusive, and supportive environment where talent thrives, ideas are valued, and growth is encouraged – both personally and professionally. If you’re ready to make an impact and grow your career in a company that’s redefining financial services, your journey starts here at Multitude.