Loan Analyst
- Toronto, ON, Canada
Salary range: $55,000 - $65,000 CAD · Full-time
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Job details
- Pay
- Salary range: $55,000 - $65,000 CAD
- Job type
- Full-time
- Apply by
- Posting language
- English
- Posted
Original job description
Loan Analyst
📍 Toronto
About Elect Capital
Elect Capital is changing how SMEs access funding. We provide fast, flexible working capital loans, business loans, and merchant cash advances - no red tape, no slow decisions. Live across the UK, Australia, Canada, and the US, and scaling fast, we give SMEs the speed and flexibility traditional lenders can't.
🎯 Our Mission
We exist to give SMEs the capital and confidence to grow - fast, fair, and friction-free. Every ambitious business deserves a real shot at growth, not months of paperwork. We've built lending for speed, without cutting corners on fairness. When SMEs win, we win.
The Role
The Loan Application Analyst plays a critical role in maintaining the speed and quality Elect is known for. You'll prepare files for underwriting, "scrubbing" applications so bank statements are clean, understood and ready for decisioning - a fast-paced, precise role that's a great entry point into SME lending for someone hungry to build a career in finance.
Key Responsibilities
- Work through and verify loan application bank statements for accuracy, clarity and completeness
- Identify errors, missing information, and inconsistencies in application packs
- Liaise with underwriters, brokers and internal teams to clarify and correct submissions
- Maintain a daily log of scrubbing activity and recurring issues to drive process improvements
- Support the operations and credit teams to ensure only clean files move to decisioning
🔍 What We're Looking For
- A finance, accounting, or related degree
- Strong Excel skills
- Excellent attention to detail and comfortable working with data, documents, and financial records
- A steady, hungry attitude - ready to get stuck in, no ego
- Strong organisational skills and able to meet tight deadlines
- Clear, efficient communicator, internally and with external brokers
Bonus
- Previous experience in financial services, lending, or quality assurance
Our Offer
- Salary range: $55,000 - $65,000 CAD
- 25 days annual leave (PTO)
- Luxury offices in downtown financial core - First Canadian Place
- Barista onsite all day for all your coffee needs
- Rooftop loft community space & outdoor space to decompress
👋 Think you're a fit? Let's talk.
More about this job
Responsibilities
Review and verify bank statements and loan application documents for accuracy, completeness, and consistency, identifying errors or missing information. Coordinate with underwriters, brokers, and internal teams to resolve issues, log recurring problems, and ensure only clean files proceed to decisioning.
Requirements
A degree in finance, accounting, or a related field, strong Excel skills, and excellent attention to detail are required. Candidates should be organized, comfortable working with financial data and documents, able to meet tight deadlines, and communicate clearly; financial services, lending, or quality assurance experience is a bonus.
Skills
- Excel
- Attention To Detail
- Data Analysis
- Financial Record Review
- Bank Statement Verification
- Error Identification
- Document Review
- Communication
- Organization
- Deadline Management
- Process Improvement
- Quality Assurance
Benefits
- 25 Days Annual Leave
- Downtown Office
- On-Site Barista
- Rooftop Community Space
- Outdoor Space
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
- Administrative
Keywords
- SME Lending
- Loan Applications
- Underwriting
- Bank Statements
- Financial Records
- Excel
- Application Verification
- Document Review
- Data Accuracy
- Completeness Checks
- Error Identification
- Quality Assurance
- Credit Operations
- Broker Liaison
- Process Improvement
- Financial Services
- Working Capital Loans
- Business Loans
- Merchant Cash Advances