Surety Underwriter

Aviva; Canada; Hybrid; CAD 45,000 - 85,000; Full time

Job summary

Join a forward-thinking company as a Jr. Surety Underwriter, where you'll play a vital role in producing underwriting profits and protecting against losses. This exciting position involves maintaining and implementing policies for an assigned book of business while fostering relationships with brokers and contractors. You'll contribute to strategic plans aimed at enhancing the Surety Contract business, ensuring a cohesive team environment, and delivering exceptional service. With a competitive salary and a rewards package that includes health benefits and career development opportunities, this role offers a unique chance to grow in a dynamic and inclusive workplace.

Benefits

Base salary

Bonus eligibility

Retirement plans

Health benefits

Wellness programs

Career development opportunities

Competitive vacation

Diversity and inclusion programs

Qualifications

• Experience in Surety underwriting with similar responsibilities.
• Knowledge of contract surety underwriting and industry issues.

Responsibilities

• Implement and maintain Contract Surety policies and procedures.
• Enhance Surety Contract business in line with strategic plans.
• Provide high levels of service to internal and external customers.

Skills

Underwriting experience

Strong communication skills

Analytical abilities

Negotiation skills

Presentation skills

Education

University degree in commerce

Degree in economics

Degree in business-related field

Job description

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

We have an excellent career opportunity with our Contract Surety team for a Jr. Surety Underwriter position.

Under the guidance of the Sr. Manager, Surety, the Jr. Contract Underwriter produces an underwriting profit and protects against losses by proper risk selection and underwriting of all types of fidelity and surety bonds, primarily contract bonds, within authority limit.

You will be responsible for maintaining, practicing, and implementing the Contract Surety policies, guidelines, procedures, and operating processes for an assigned book of business, including contracting accounts and accredited Brokers. Maintaining and improving the Surety Contract business through adherence to Surety and Aviva Corporate Strategic Plan is a key aspect of the role. This position is expected to generate contract surety revenue through direct contract surety accounts, account acquisition and retention targets, and maintaining a loss ratio within the strategic parameters.

What You'll Do

• Underwriting: Responsible for maintaining, practicing, and implementing the Contract Surety policies, guidelines, procedures, and processes within your geographical area, including assigned contracting accounts and accredited Brokers. Also responsible for enhancing the Surety Contract business in line with strategic plans.
• Strategic Plan: Implement, monitor, and maintain the Contract Surety Strategic and Marketing plans, fostering relationships with brokers, contractors, and contracting accounts, under the supervision of the Sr. Manager, Surety.
• Service: Provide high levels of service to internal and external customers as per the Surety Service Plan.
• Teamwork: Contribute to a cohesive team environment, assisting with policy, procedure, underwriting support, and addressing external business issues.

What You'll Bring

• Underwriting experience in a Surety organization with responsibilities similar to this role.
• University degree, preferably in commerce, economics, or business-related field.
• Strong written and oral communication skills, marketing, and analytical abilities.
• Knowledge of contract surety underwriting, business approaches, and industry issues, along with negotiation and presentation skills.
• Understanding of the Surety model, accounting cycle, construction terms, and processes, with marketing and analytical skills.
• Effective communication and interpersonal skills, comfortable communicating at all levels.
• Ability to handle requests and issues effectively, with a focus on analytical review and positive resolution outcomes.

What You’ll Get

• Salary range from $45,600 to $84,600, based on experience and skills.
• Rewards package including base salary, bonus eligibility, retirement plans, health benefits, and wellness programs.
• Career development opportunities and professional education support.
• Competitive vacation with options for extra days off.
• Programs supporting diversity, inclusion, and employee wellness.
• Hybrid flexible work model.
• Note: Aviva Canada provides accommodations for employees with disabilities throughout their employment. Please contact your Talent Acquisition Partner if needed.