Surety Underwriter

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

Job summary

Join a forward-thinking company as a Jr. Surety Underwriter, where you will play a crucial role in managing contract surety bonds. This position offers the opportunity to work closely with a dedicated team, implementing strategic plans, and enhancing relationships with brokers and contractors. You will be responsible for underwriting, maintaining policies, and ensuring high service levels, all while contributing to a collaborative work environment. With a competitive salary and a compelling rewards package, this role is perfect for someone looking to grow their career in the surety industry.

Benefits

Annual bonus eligibility

Retirement savings plan

Health benefits

Personal wellness programs

Career development opportunities

Competitive vacation package

Flexible work model

Corporate wellness programs

Qualifications

• Experience in underwriting within a Surety organization.
• Ability to communicate effectively with customers.

Responsibilities

• Maintain and implement Contract Surety policies and procedures.
• Promote high levels of service to internal and external customers.
• Participate in a cohesive team environment.

Skills

Underwriting experience

Analytical skills

Communication skills

Negotiation skills

Marketing abilities

Education

University Degree in Commerce

Economics or Business Co-op Degree

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 implementation of the Contract Surety policies, guidelines, procedures and operating process’ for an assigned book of business assigned contracting accounts and already accredited Brokers. Maintenance and improvement of the Surety Contract business through the adherence to Surety and Aviva Corporate Strategic Plan is a key aspect of the role responsibilities. This position is expected to generate contract surety revenue throughdirect contract surety accounts, account acquisition and retention targets and maintenance a loss ratio or the yearly parameter set in the strategic objectives.

What You'll Do

• Underwriting: This position is responsible for the maintaining, practicing and implementation of the Contract Surety policies, guidelines, procedures and operating process’ for the geographical area of responsibility including assigned contracting accounts and accredited Brokers.The position is further responsible for the maintenance and enhancement of the Surety Contract business through the adherence to Surety and Aviva Corporate Strategic Plan.

• Strategic Plan: Promotion of the short-term Contract Surety Strategic plans through the implementation, monitoring and maintenance of the Contract Surety Strategic and Marketing plans to targeted and existing brokers, contractors, and contracting accounts.Further to maintain enhance current surety relationships with key brokers and contractors under the supervision Sr. Manager, Surety.

• Service: Promote and provide where possible high levels of service to both internal and external customers as per the Surety Service Plan

• Teamwork : participate and contribute to a cohesive and functional group environment. Assist where needed and required through policy, procedure, guideline, process interpretation, underwriting support, and external business-related issues to all members of the department.

What You'll Bring

• Underwriting experience within a Surety organization to the comparable level of responsibilities, accounts, and broker partners.

• University Related Degree, preferably commerce, economics and or business co-op degree related educational background

• Ability to interact with both internal and external customers through written and oral skills, have a marketing and analytical ability.

• Have general knowledge of the issues and approaches to contract surety underwriting and business approaches, have a high degree of negotiating and presentation skills.

• Thorough knowledge of the issues and approaches to the surety industry and underwriting matters, knowledge of the accounting cycle, basic knowledge of construction related terms and process’, understanding of the Surety model and possess marketing, negotiating and analytical abilities.

• Clear and effective communication and interpersonal skills and a comfort level to communicate to all levels.

• This position requires a high degree of written and oral communication with external customers that require clear and concise responses given the high level of risk selection.

• Ability to tackle requests, situations and underwriting and business-related issues and problems effectively within the departmental parameters and timeliness. Improved level of analytical review and situation resolution with positive outcomes through the collaboration with partners.

What You’ll Get

• The salary band for this position ranges from $45,600 to $84,600. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.

• Outstanding Career Development opportunities.

• We’ll support your professional development education.

• Competitive vacation package with the option to purchase 5 extra days off per year.

• Employee driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.

• Corporate wellness programs to support our employees’ physical and mental health.

• Hybrid flexible work model.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.

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