Underwriter

Key Responsibilities

• Establishes relationships with internal and\or external customers;
• Understands customer needs, determines optimal insurance coverage structure, terms and conditions and participates in delivery of the product to the client or prospect;
• Provides on-going customer service, acting as subject matter expert for our clients;
• Assesses the creditworthiness of foreign companies, understanding the likelihood of a company honoring its obligations through in depth financial and credit analysis (liquidity analysis, leverage & maturity schedules, profitability, cash-flow management, third party\bank support and other factors such as competitiveness, market conditions\elasticity of demand, industry trends);
• Participates in developing loss mitigation strategies when allocated credits become at risk;
• Participates in continuous process improvement initiatives to streamline operations;
• Identifies problems and champions enhancements to existing processes;
• Contributes to the overall improvement of the programs results by striving for excellence and unrivaled execution.

Screening Criteria

• Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline (for all levels).
• 2 years (Underwriter level 15), 2 - 5 years (Underwriter level 16) or greater than 5 (Underwriter level 17) of experience in insurance underwriting or related financial services experience.
• Solid experience reading and interpreting financial statements with strong financial analysis skills.
• Experience structuring and negotiating more complex structures with a can-do attitude and an outside the box mindset.
• Comfortable meeting with Exporters at Executive and Senior Leadership level in order to assess needs, determine and outline appropriate structures
• Personal agility:
  • ability to demonstrate personal resilience and openness to changes to EDC’s business environment and structure,
  • adapting one’s approach as the requirements of a situation change,
  • being comfortable in ambiguous situations and changing or easily accepting and managing changes in one’s job requirements,
  • working in a matrix environment.
• Strong communication and collaboration skills
• Strong client service skills (internal and external)
• Significant experience leading the successful completion of increasingly complex commercial credit transactions across a variety of industry sectors and\or international markets.

Assets

• International and/or commercial banking experience.
• MBA, CFA or CPA designation.
• Working knowledge of insurance underwriting principles and practices.
• Advanced Excel skills. Coding skills is an asset.
• Strong preference will be given to bilingual candidates (English and French).

Salary Range

Salaries are based on qualifications and experience and typically range from;

• Underwriter level 15: $62,336 - $83,116 performance based incentive.
• Underwriter level 16: $71, 063 - $94, 752 performance based incentive.
• Underwriter level 17: $81,012 – $108,017 performance based incentive.

Please note that we will consider candidates at each level depending on the candidate’s qualifications.

Location

• Export Development Canada is a hybrid work environment.
• This role will be performed from EDC’s Community Hubs in Toronto or Mississauga.
• Relocation assistance is available for eligible candidates.

EDC's Commitment to Employment Equity

EDC is committed to employment equity and achieving a diverse workforce. EDC actively encourages applications from women, Aboriginal peoples, visible minorities, persons with disabilities and members of the 2SLGBTQI community. If selected for an interview, please advise us if you need any special accommodation.