Posted 9 days ago
Collections Specialist (Toronto)
@ Elect Capital
Toronto, Ontario
Overview
Elect Capital is hiring a Collections Specialist in Toronto to manage the collections lifecycle on its small-business lending portfolio, from early arrears to legal escalation. The role involves negotiating repayment plans with business owners and guarantors and managing agencies, legal counsel and payment processors. The posting states a salary of $50,000 to $70,000 CAD plus bonus, full-time.
Pay:
$50,000–$70,000 a year
Responsibilities:
- Manage commercial accounts from early arrears through late-stage recovery
- Negotiate repayment plans and settlements with owners and guarantors
- Manage external collection agencies, legal partners and payment processors
- Prepare account histories and evidence for demand letters and legal proceedings
- Keep accurate case notes and report on arrears and recoveries
Requirements summary:
- 5+ years in collections or commercial debt recovery
- Track record of collecting balances over $30K
- Proven settlement and dispute negotiation success
- Experience with third-party agencies, legal counsel or payment processors
- Strong analytical and communication skills
Tools & skills
Benefits mentioned
Source and dates
Employer career site / ATS feed · workable
- Employer posting date
- 2026-10-29
- First seen by our source
- 2026-10-29
- Source record updated
- 2026-10-29
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Mid level |
| Department | Customer service |
| Experience | 5+ years |
| Hours per week | 40 (estimated) |
| Travel | air: none · ground: none |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Perks mentioned | Retirement plan |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Elect Capital
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
Smart, fast capital for SMEs that don’t wait around.
Full company description
Elect Capital backs ambitious SMEs globally, with fast, fixed-term funding across the UK, US, Canada and Australia. We connect SMEs to capital that moves at their speed and cuts through complexity Our 1 - 12 month products offer flexible daily or weekly repayments, with 90% of completed applications receiving an offer within 4 hours. Transparent pricing, sharp decisioning, zero unnecessary hurdles. Whether you're bridging a gap or fueling growth, Elect delivers capital that moves as fast as your ambitions. If you're a business owner, broker, adviser or referral partner, get in touch today to find out how Elect can help.
- LinkedIn followers
- 7,916
- People associated on LinkedIn
- 51
- Reported office locations
- 9 Portland Pl, Ambika House, London, England W1B 1PR, GB
- 30 Adelaide St E, Toronto, Ontario M5C 3G8, CA
- 85 Castlereagh Street, Level 23, Sydney, New South Wales 2000, AU
- Other recorded names
- Elect Capital
- Specialties
- Business Funding Solutions
- Revenue-Based Financing
- MCA Consolidation
- Direct Lending
- Merchant Cash Advance
- Equipment Financing
- ISO Partnership Program
- MCA
- Short-Term Capital Advances
- Fast Business Funding
- Small Business Funding
- Business Loans (UK)
- Small Business Loans (UK)
- Fast Business Loans (UK)
- Short-Term Financing
- Retail Funding
- Manufacturing Funding
- Healthcare Funding
- Bridge Capital
- and Start-Up Business Funding
- Profile identifies a recruitment agency
- No
- Reported total investment
- 18,666,228
Currency and observation date were not supplied; this is not a current valuation or a funding round.
Elect Capital backs ambitious SMEs globally, with fast, fixed-term funding across the UK, US, Canada and Australia. We connect SMEs to capital that moves at their speed and cuts through complexity Our 1 - 12 month products offer flexible daily or weekly repayments, with 90% of completed applications receiving an offer within 4 hours. Transparent pricing, sharp decisioning, zero unnecessary hurdles. Whether you're…
| Field | Value |
|---|---|
| Industry | Financial Services |
| Company size | 11-50 employees |
| Headquarters | London, England |
| Organization type | Privately Held |
| Year founded | 2025 |
| Specialties | Business Funding SolutionsRevenue-Based FinancingMCA ConsolidationDirect LendingMerchant Cash AdvanceEquipment FinancingISO Partnership ProgramMCAShort-Term Capital AdvancesFast Business Funding |
| Open jobs on Jobsy | 1 |
| View page |
Collections Specialist
📍 Toronto | Reporting to: Country Lead
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
You’ll own the collections lifecycle on our small-business lending portfolio, from the first missed payment through to legal escalation. You’ll work directly with business owners and guarantors to get accounts back on track and manage the agencies, legal counsel and payment processors who support recovery. Collections is a core function here, so your work hits cash collected directly.
Key Responsibilities
- Manage commercial accounts from early arrears through late-stage recovery, maximizing cash collected
- Negotiate repayment plans and settlements with business owners and guarantors, within your delegated authority
- Use portfolio data and repayment trends to prioritize your caseload and flag emerging risk
- Work with payment processors to investigate failed payments and resolve processing issues
- Manage external collection agencies and legal partners: track performance, keep handoffs clean and follow up
- Research distressed or unresponsive merchants (account reviews, business research, permitted tracing tools) to find recovery options
- Prepare account histories and evidence for demand letters, settlements and legal proceedings
- Keep accurate case notes and report on arrears, collections, settlements and recoveries
🔍 What We’re Looking For
- 5+ years in collections or commercial debt recovery, including hands-on work on complex, late-stage accounts and a track record of collecting balances over $30K
- Proven success negotiating repayments and settlements, including disputes, with business owners or guarantors
- Experience working with third-party agencies, legal counsel, vendors or payment processors
- Strong analytical skills: you can read portfolio reports and use them to decide where to focus
- Clear written and verbal communication, good judgment, and tight documentation habits
- Confidence managing a changing caseload independently while following applicable Canadian collections requirements
Bonus
- Merchant cash advance (MCA), revenue-based financing or other small-business credit experience
- Personal credit collections experience on larger balances (e.g. auto)
- French language skills
- Experience preparing legal recovery packages or using collections reporting tools
Our Offer
- Salary range: $50,000 – $70,000 CAD + bonus
- Health & dental with Manulife (Bronze plan)
- Life insurance with Allianz
- Virtual health with Dialogue (Premium)
- Retirement savings via Wealthsimple Group RRSP
- 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.
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