Financial Analyst - Surety

Travelers Canada; Toronto; On-site; CAD 60,000 - 90,000; Full time

Benefits offered by this job

Health Insurance

Retirement: DPSP

Paid Time Off

Wellness Program

Volunteer Encouragement

Job summary

Travelers is seeking a Credit Analyst, Contract Surety to analyze financial information, assess risk for contract surety bonds, and build strong relationships with brokers and clients. The role may be based in Toronto, ON or Bedford, NS, offering growth into sales and business development.

Responsibilities include underwriting bonds, interpreting financial statements, reviewing annual accounts, and collaborating with teams across the organization to deliver superior service and underwriting

Qualifications

• Bachelor's degree with a business discipline specialization in finance, accounting or economics.

Responsibilities

• Underwrite and assess risk for contract surety bonds.
• Analyze financial statements and forecast performance.
• Understand a contractor’s operations, experience and business plan.
• Complete formal annual account reviews.
• Underwrite bond requests and propose solutions.
• Build collaborative relationships across the organization.
• Enroll in ACSB program offered through the Surety Association of Canada and the University of Toronto.
• Develop broker and client relationships to establish a strong business foundation.
• Demonstrate superior customer service standards.
• Collaborate with brokers to align Travelers’ objectives.
• Participate in industry events to increase visibility.

Education

Bachelor's degree with a business discipline specialization in finance, accounting or economics.

Job description

Who Are We?

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees may also be eligible for performance-based case incentive awards.

Salary Range

$59,760.00 - $89,640.00

Target Openings

1

What Is the Opportunity?

The Credit Analyst, Contract Surety position provides an opportunity to build a unique and successful career within a highly specialized niche of the insurance industry. Analyze financial information and assess risk of contractors and related companies. Build and maintain productive relationships with surety and insurance brokers. Contribute to consistently achieving planned financial results through superior service, quality underwriting and responsiveness to new business submissions. Interact/collaborate with a team of colleagues and other critical internal and external associates. This position leads to roles that include sales and business development responsibilities.

This position may be based out of either our Toronto, ON or Bedford, NS offices.

What Will You Do?

• Underwrite and assess risk for contract surety bonds and bonding facilities.
• Analyze and interpret financial statements and forecasting future performance.
• Understand a contractor’s operations, experience and business plan.
• Complete formal annual account reviews.
• Underwrite bond requests and create/propose solutions for challenges which arise within the underwriting context.
• Establish and maintain collaborative relationships with colleagues in other parts of the organization.
• Enrollment in the Associateship in Canadian Surety Bonding (ACSB) program offered through the Surety Association of Canada and the University of Toronto.
• Develop relationships with assigned brokers and clients to establish a strong foundation for all business dealings.
• Demonstrate superior customer service standards.
• Work tactically with brokers to ensure they have an appropriate level of understanding of Travelers’ objectives.
• Participate in industry functions to increase visibility in the marketplace, network with key stakeholders and increase knowledge of the industry.
• Perform other duties as assigned.

What is a Must Have?

• Bachelor's degree with a business discipline specialization in finance, accounting or economics.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

This posting is for an existing vacancy. Travelers does not use artificial intelligence (AI) tools to assess, screen or select applicants. Travelers reserves the right to fill this position at a level above or below the level included in this position.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.