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Senior Underwriter

38,229 P.A. ?
Location: London
Company: Uncapped
Hours: Full time
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Senior Underwriter

A fully remote role based in the UK or Europe

Role Overview

At Uncapped, we help ambitious founders realise their dreams. This Senior Underwriter will sit at the core of our company. You will be responsible for determining the creditworthiness of businesses, monitoring the portfolio and improving our lending policies and end-to-end processes. In doing so, you will help fund thousands of growing SMEs that are the lifeblood of the global economy and the top measurement of Uncapped’s future success.

Our loan book is growing exponentially. You’ll have the opportunity to work closely with teams throughout the company to improve and automate our underwriting process so that we effectively maintain this trajectory.

You will form part of a small team and will report directly to the Head of Credit Risk, who will provide the support and resources for you to help shape the role and wider function.

About Uncapped

Founded in 2019, Uncapped is the fastest, most affordable way for growing online businesses to fund marketing and inventory. The company was born out of frustration with the limited financing options available for UK and European entrepreneurs to finance growth.

Uncapped provides business advances of between £10k and £5m without credit checks, personal guarantees, warrants, equity, or compounding interest -- and makes money by charging a low flat fee that is paid back from future sales revenue.

Uncapped has raised $120 million from investors including Lakestar, Mouro Capital, Global Founders Capital, White Star Capital, Seedcamp, and All Iron Ventures.

What you will do ✍️

We need a lending expert to contribute to the continued growth of the business by assessing credit applications in the context of our policy guidelines and risk appetite. The Senior Underwriter will

  • Make timely and informed decisions by thoroughly analysing credit applications and presenting which product and terms customers are eligible for
  • Further our competitive advantage by improving our underwriting rules for existing and new product lines
  • Minimise the businesses risk exposure by carrying out Due Diligence and data integrity checks on potential customers
  • Ensure sustained performance of the loan book through regular risk assessments and monitoring of the portfolio
  • Collaborate with the Sales and Tech teams to continuously improve and automate the end-to-end application process
  • Help us to meet our reporting requirements by keeping reporting tools up-to-date and producing credit memos as required


Who you are

This role will suit someone with a background in SME lending, challenger banks, and other disruptive FinTechs. Someone who is passionate about our products and how we are revolutionizing the way startups are funded will be a great advantage. We’re looking for someone with:

  • A number of years of experience as an SME Underwriter
  • Practical experience in developing risk scorecards and automating underwriting processes
  • Excellent analytical skills, with a strong understanding of marketing, transaction and accounting data
  • Great attention to detail, with a focus on continuous process improvement
  • Critical and first-principles thinking with a willingness to challenge the status-quo and suggest new approaches to solving problems
  • An excellent team player style who is comfortable collaborating with others to resolve issues and move forward.


What we offer

At Uncapped, our people make us successful. We are a startup with big goals and we work hard, so we want to give everyone the benefits they really want. We’re continually adding to this list as new people join -- here are some of the things you can expect:

  • Competitive compensation plan + Company pension
  • Personal growth fund: Raise your game from great to spectacular
  • Flexible working: Remote-first processes for ultimate flexibility
  • Generous holidays: 30 days to see the world (send us a postcard)
  • Your birthday off: Enjoy your special day on us
  • Annual retreat abroad: Connect with your team on a paid staff trip
  • Weekly recognition and awards: Celebrate wins big and small
  • Workspace fit for you: €300 to improve your home office
  • The opportunity to make a big impact every day on the lives of European entrepreneurs.
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