Senior Underwriter, Contract Surety

RAISE Underwriting; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading Canadian Managing General Agent in Toronto is seeking an experienced underwriter to manage contract surety business. This role requires a minimum of four years of underwriting experience and a university degree. The ideal candidate will have strong customer service skills, excellent communication abilities, and proficiency in Microsoft Word and Excel. Responsibilities include producing new contracts, managing accounts, and building effective relationships with brokers. This position contributes to the growth of the company and ensures high service levels.

Qualifications

• Minimum of four years of underwriting experience.
• Proven success in building and maintaining effective business relationships.
• Ability to analyze and evaluate contract language.

Responsibilities

• Produce and underwrite new and existing contract surety business.
• Serve as key contact for assigned accounts.
• Negotiate account and bond-specific terms.

Skills

Underwriting experience

Customer service

Communication skills

Analytical skills

Time management

Interpersonal skills

Education

University degree/college diploma

Tools

Microsoft Word

Microsoft Excel

Job description

RAISE Underwriting is an independently owned, Canadian Managing General Agent (MGA), dedicated to being an industry-leading supplier of risk insurance and surety products through transparency, honesty, and integrity.

JOB RESPONSIBILITIES

• Produce and underwrite new and existing contract surety business
• Serve as key contact on assigned portfolio of accounts
• Qualify customers’ financial, technical, and organizational capacity within RAISE’s appetite against the business opportunity, in accordance with department policies and procedures
• Provide detailed recommendations of bond and account support by conducting financial and credit analysis
• Make decisions and approve bonds within account or underwriting authority
• Negotiate account and/or bond-specific terms and conditions
• Monitor current portfolio and assist with peer audits on an ongoing basis to ensure compliance with underwriting guidelines
• Build and maintain a network of relationships with brokers and various markets
• Stay abreast to industry and market trends
• Participate in team meetings to provide updates related to assigned portfolio of accounts, brokers, market intelligence, etc.
• Maintaining high levels of service with solutions-orientated approach
• Identifying opportunities to upsell products
• Contribute to the expansion of the RAISE brand through marketing with existing and new broker partners

EDUCATION, EXPERIENCE, AND QUALIFICATIONS

• Minimum of four years of underwriting experience
• University degree/college diploma or equivalent experience
• High level of customer service and proven success in building and maintaining effective business relationships
• Ability to analyze and evaluate contract language
• Strong interpersonal and communication skills
• Proficiency in Microsoft Word and Excel
• Strong time management and organizational skills