Lead credit underwriting and risk at Opal from Vancouver or Toronto, working in office across loan and card products.

As Opal’s first credit hire, you will report to the CEO and own the journey from customer application through funded capital. You will shape approval criteria, limits, pricing, terms, and automated underwriting rules. The role combines portfolio oversight, loan operations, debt facilities, lender relationships, and capital raises. Your judgment will guide larger credit decisions and the company’s credit policy.

Key Responsibilities:

- Build underwriting frameworks for loan and card products
- Make larger credit decisions and set automated underwriting rules
- Monitor delinquencies, loss curves, concentrations, and vintages




- Own loss provisioning and reserves
- Run servicing, collections, funding, and borrowing base reporting

Requirements:

- Six-plus years in private credit, specialty finance, banking, or fintech lending
- Underwriting experience with SMB or commercial credit
- Ability to interpret borrowing bases, advance rates, and covenants
- Ability to build financial models independently
- Basic SQL or Python skills

Bring credit judgment, portfolio oversight, and underwriting expertise to build Opal’s first dedicated credit function.

📌 Head of Credit Underwriting (Toronto)
🏢 Opal
📍 Toronto