Vancouver / Toronto · In office · Full time
The 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 terms
Make the call on larger credit decisions, and set the rules our automated underwriting runs on
Watch the portfolio: delinquencies, loss curves, concentrations, vintages. Act early when something moves
Own loss provisioning and reserves
Run loan operations end to end: servicing, collections, funding and borrowing base reporting
Manage our revolving credit facility and our relationships with lenders, including reporting and covenants
Lead the next capital raises: facility upsizes, new lenders, and later warehouse or forward-flow deals You 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

📌 Head Of Credit (Toronto)
🏢 Opal
📍 Toronto