Executive Underwriter, Surety, National Accounts

Liberty Mutual Canada; Toronto; On-site; CAD 140,000 - 173,000; Full time

Benefits offered by this job

Flexible work environment

Health and dental benefits

Pension plan

Job summary

Liberty Mutual Canada is seeking an experienced Surety Executive Underwriter for the National Accounts team in Toronto. You will market, underwrite, and service a portfolio of Canadian clients, building durable broker and client relationships and driving sustainable growth.

The role requires deep analytical skills, knowledge of contract surety, and the ability to lead cross-functional collaboration across finance, legal, and distribution. Travel may be required.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, Economics, or related field.
• 7+ years of progressive Surety underwriting experience with complex risk and portfolio management.
• Advanced financial analysis and risk assessment skills for evaluating statements and cash flow.
• Evidence of success in business development, broker and client relationship management.
• Strong negotiation, communication, and presentation skills with stakeholders.

Responsibilities

• Provide strategic underwriting guidance and review account performance.
• Develop and manage a diversified surety portfolio with brokers and clients.
• Execute growth strategies aligned with underwriting guidelines.
• Conduct detailed financial analyses of private and public organizations.
• Develop risk mitigation plans and account action/exit strategies.
• Analyze risk exposures and structure surety solutions and capacity.
• Manage assigned book of business for profitability and sustainability.
• Exercise sound underwriting judgment while complying with policies.
• Lead client, broker, and industry meetings to support business development.
• Collaborate with cross-functional teams to deliver client service.
• Ensure compliance with laws, policies, and governance.
• Contribute to account planning and cross-selling initiatives.
• Foster collaborative, inclusive team environment; travel as required.

Skills

Financial analysis

Risk assessment

Business development

Negotiation skills

Communication

Presentation skills

Analytical thinking

Problem solving

Organization

Surety underwriting

Excel

Education

Bachelor's degree in Finance/Accounting/Business/Economics

Tools

Excel

Word

PowerPoint

Outlook

Microsoft Office Suite

Job description

Executive Underwriter, Surety - National Accounts

Department: Underwriting

Location: Toronto, ON

Reports To: Head of National Accounts, Surety Canada (Head Office)

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.

If you are unsure whether your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all our decision-making and come to life through our benefits and employee programs. We offer:

• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive health & dental benefits plan
• Market-leading pension plan
• Competitive time off policy
• External education & tuition reimbursement programs
• Employee & Family Assistance Programs
• An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity:

Liberty Mutual Canada is seeking a Surety Executive Underwriter for our National Accounts’ team to join our Toronto office. In this role, you will be responsible for marketing, underwriting, and servicing a portfolio of clients across Canada.

Leveraging your strong relationship-building skills, you will develop and maintain long-term partnerships with brokers and clients, focusing on sustainable growth rather than transactional sales. You will apply your financial and business acumen to conduct in-depth credit underwriting, perform financial and risk analysis, and make informed decisions on both new and existing accounts.

This is an excellent opportunity for a driven, experienced surety professional looking to advance their career with a leading global surety provider that prioritizes its people and clients.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the largest global Surety provider. Operating in over 60 countries through a network of subsidiaries and fronting relationships, we support construction firms, manufacturers, suppliers, and commercial enterprises. We are committed to building mutually profitable relationships through smart business solutions, ease of doing business, and consistent, responsive service. We also take pride in fostering a diverse workforce and supporting the communities we serve worldwide.

Core Responsibilities:

• Serve as a trusted advisor to clients and brokers by providing strategic underwriting guidance, reviewing account performance, and identifying opportunities to enhance portfolio profitability and growth.
• Develop, manage, and grow a diversified surety portfolio while building and maintaining strong relationships with clients, brokers, and key industry stakeholders.
• Execute portfolio growth strategies aligned with underwriting appetite, business objectives, regulatory requirements, and established underwriting guidelines.
• Conduct comprehensive financial analysis of private and public organizations, including evaluation of financial statements, cash flow, interim reporting, and work-in-progress schedules to assess risk, establish underwriting positions, and monitor emerging trends.
• Develop and implement risk mitigation strategies, account action plans, and exit strategies for accounts demonstrating adverse financial or operational performance.
• Analyze risk exposures and structure appropriate surety solutions, terms, conditions, and capacity based on financial strength, operational performance, industry trends, and economic conditions.
• Manage an assigned book of business by evaluating quantitative and qualitative risk factors to ensure portfolio quality, profitability, and long-term sustainability.
• Exercise sound underwriting judgment and delegated authority while ensuring compliance with corporate guidelines, risk management standards, and underwriting governance requirements.
• Investigate and resolve complex underwriting, accounting, and operational issues in accordance with Liberty Mutual Surety's underwriting philosophy, policies, and procedures.
• Lead and participate in client, broker, prospect, and industry meetings to provide underwriting expertise, strengthen market presence, and support business development efforts.
• Collaborate with cross-functional partners, including underwriting, claims, finance, legal, and distribution teams, to deliver exceptional client service and achieve business objectives.
• Ensure compliance with applicable laws, regulations, internal policies, and the Underwriting Controls Framework while maintaining the highest standards of underwriting integrity.
• Contribute to account planning, relationship management, cross-selling initiatives, strategic projects, and continuous improvement efforts.
• Foster a collaborative and inclusive team environment by partnering across functions and regions to support organizational goals.
• Travel - as required to support business objectives, including client meetings, conferences, and company events.

What the Ideal Candidate Will Bring:

• Bachelor's degree in Finance, Accounting, Business, Economics, or a related field, or an equivalent combination of education and Surety underwriting experience.
• 7+ years of progressive Surety underwriting experience, including strong Contract Surety expertise and a proven ability to manage complex risks and portfolios.
• Advanced financial analysis and risk assessment skills, including the ability to evaluate financial statements, credit profiles, cash flow, and industry trends to make sound underwriting decisions.
• Demonstrated success in business development, broker and client relationship management, and profitable portfolio growth.
• Strong negotiation, communication, and presentation skills, with the ability to influence and build credibility with clients, brokers, and senior stakeholders.
• Excellent analytical, problem-solving, and decision-making abilities, coupled with strong knowledge of economic, financial, and market conditions.
• Highly organized, self‑motivated, and able to manage multiple priorities in a fast‑paced environment while working both independently and collaboratively.
• Strong understanding of technical Surety underwriting principles, risk management practices, and regulatory requirements.
• Proficiency in Microsoft Office Suite, particularly Excel, Word, PowerPoint, and Outlook.

Liberty Mutual Canada is committed to pay transparency and fair, equitable hiring. For roles based in Ontario, we publish a Target Hiring Range in compliance with the Ontario Pay Transparency Act.

Target Hiring Range: CAD $140,000 – 173,000

This range represents the expected annual base salary for this role, however, offers above the published maximum may be approved with appropriate business authorization. Final offers will be determined based on each candidate's qualifications, relevant experience, internal equity, and the needs of the role. The posted range does not include variable compensation (bonus), allowances, or benefits.

We do not use AI‑based screening tools in our hiring process. Candidates who complete an interview and remain under consideration may request, and will receive, feedback within 45 days.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

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