$65-$160/hr credit and risk analysis work, on your schedule
Review a model's credit memos and underwriting the way you'd review a deal before committee. Flag the optimistic projection, the covenant that won't hold, the risk the spreadsheet hides.
Trusted by top research companies
Hi, we're Zac and Jack, the founders of Terac. We want to talk to you directly, because you are the most important part of what we're building.
Terac is a community of experts. People who have spent years getting good at something specific and hard. The world is about to need more of you, not less. As AI takes on more of the world's work, the bottleneck shifts to the people who actually know what they're talking about.
Expert labor is the rarest resource in the world right now, and it is shockingly hard to find. The companies that need a credit analyst's eye on a memo that buries the risk spend weeks chasing people, paying placement fees, and settling for whoever is available. Meanwhile thousands of qualified people are sitting with knowledge that no one ever asks for.
That gap is what we're here to close. Every project that lands on Terac is routed to the people who actually know the answer, on their schedule, paid fairly, and only when the work is verified. No middleman taking a cut of your time. No vague gigs. No chasing checks.
We care about every single person in this community. If you join Terac, you're not a row in a database to us. We read the feedback. We answer the emails. We will fight for you when a customer is being unreasonable, and we will be honest with you when something on our side is broken. The quality of this panel is our entire company, and we owe you a serious bar.
If you've made it this far, here is what we're asking: claim your profile. Put your expertise on the record. Let the world's most ambitious teams come find you for the work only you can do.
Credit & Risk questions
Still curious? Write to us at support@terac.com.
Narrow specialization is an advantage. Models struggle most at the edges of a domain, so leveraged loan covenant analysis, CLO waterfall mechanics, and ABS performance attribution are in demand. The more specific your background, the more precisely we match you to work where it improves model quality.
Both qualify and neither is preferred. A CFA doing corporate credit analysis and an FRM running counterparty risk models are equally valuable depending on the task. What matters is that the credential reflects active professional practice, not just a passed exam.
No. You review AI credit analysis, rating rationale, or risk narratives against your professional judgment. You're never asked to produce regulatory capital calculations, sign off on model validation, or take any action carrying institutional liability. You apply your expertise as a reviewer, not a credentialed officer.
You evaluate AI credit memos and obligor summaries for accuracy, annotate PD or LGD outputs to flag misapplied CECL methodology or wrong risk drivers, and build worked examples showing how an expert structures a credit argument from financials. Screener modeling, portfolio stress narratives, and covenant compliance analyses also come up.
Both matter. Conceptual tasks like reviewing a model's rationale don't need a tool open, but some engagements need reviewers who spot errors that only surface when you know how RiskCalc or S&P Global Market Intelligence builds its output. When a task needs tool familiarity, the brief states it so you can self-select.
Why your expertise matters
Today's credit AI misapplies probability-of-default frameworks, confuses IFRS 9 staging, and writes covenant analysis that would never survive a credit committee. Only someone who has built and defended a credit memo or stress-tested an LBO tells a defensible output from a confident mistake. That judgment is what these tools need.
How pay works
Top of the band reflects depth: structured credit, leveraged finance, or regulatory capital (CRR3/Basel IV) command more than generalist commercial lending review. All work is remote and billed by the verified hour. Payment releases after task completion is confirmed, with no retainers or unpaid auditions.
What the work looks like
A sample of the credit and risk analysis work you would pick up. Every project is scoped, remote, and paid on verified completion.
- Review a model's credit memo for a mid-market industrial borrower and flag the leverage and coverage reasoning a credit committee would reject.
- Evaluate a model's IFRS 9 stage migration for a retail mortgage portfolio and catch where the SICR triggers are misapplied.
- Build a worked LBO debt sizing analysis, showing how a senior credit officer sets covenant thresholds against base-case EBITDA.
- Annotate machine-written CRE underwriting summaries, scoring each on DSCR, LTV, and debt yield benchmarks and where comparables were misapplied.
- Compare two AI Basel IV standardized-approach RWA calculations for the same exposure and explain which inputs drove the divergent capital requirement.
- Build a stress-test narrative for a syndicated loan portfolio under a rising-rate, declining-GDP scenario as a reference example.
Specialties we match
Credit & Risk projects span a wide range of focus areas. Tell us where you go deep and we route the work that fits.
- Probability of default (PD) modeling
- Loss given default (LGD) estimation
- IFRS 9 / CECL impairment staging
- Leveraged finance and LBO credit analysis
- Basel III / Basel IV RWA calculations
- Covenant structuring and monitoring
- CRE and construction loan underwriting
- Stress testing and scenario analysis
- Counterparty credit risk (CCR)
- Structured credit (CLOs, ABS)
- Internal ratings-based (IRB) models
- Credit derivatives and CDS pricing
