Vancouver / Toronto
· In office
· Full-timeThe role
Our loan book is growing faster than anything else at Opal, and it needs an owner. You'll run everything between a customer's application and the capital that funds it: underwriting, risk, loan operations and our debt facilities.
This is our first credit hire. You'll report to the CEO, write the credit policy, and be the person our lenders trust.

What you'll do

Build the underwriting framework for our loan and card products: approval criteria, limits, pricing and termsMake the call on larger credit decisions, and set the rules our automated underwriting runs onWatch the portfolio: delinquencies, loss curves, concentrations, vintages. Act early when something movesOwn loss provisioning and reservesRun loan operations end to end: servicing, collections, funding and borrowing base reportingManage our revolving credit facility and our relationships with lenders, including reporting and covenantsLead the next capital raises: facility upsizes, recent lenders,



and later warehouse or forward-flow dealsYou could be a fit if
You've spent 6+ years at a private credit or specialty finance fund, in structured or leveraged finance at a bank, or in capital markets at a fintech lenderYou've underwritten SMB or commercial credit and had your own judgment on the lineYou can read a credit agreement and explain the borrowing base, advance rates and covenants without notesYou build your own modelsYou're happy negotiating terms with a lender in the morning and fixing a collections process in the afternoonYou've built a credit or capital markets function at an early-stage companyYou've worked on cross-border (U.
S. and Canada) facility structuresYou write basic SQL or PythonCompensation
Toronto: CAD 170K–300K baseRoles include a 10–20% performance bonus and equity.
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📌 Head Of Credit (Winnipeg)
🏢 Opal
📍 Winnipeg