Underwriter, ITG level 17 / 18

Export Development Canada; Toronto; On-site; CAD 83,000 - 127,000; Full time

Job summary

Export Development Canada is seeking a permanent Underwriter to join their ITG team. This role involves assessing risks and managing financial transactions to support Canadian exporters in international trade. With a competitive salary package and a focus on professional development, this is an opportunity to make a meaningful impact in a supportive environment.

Benefits

Flexible benefits

Defined Contribution Pension Plan

Competitive vacation program

Comprehensive wellness programs

Professional Development

Qualifications

• 5 years (Underwriter 17) or 7 years (Underwriter 18) experience required.
• Solid experience in financial statement analysis.
• Experience leading financial transactions across industries.

Responsibilities

• Assess and structure transactions to meet customer needs.
• Manage risk related to exporters throughout the transaction lifecycle.
• Collaborate with financial institutions to ensure compliance.

Skills

Financial analysis

Risk management

Communication

Negotiation

Education

Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline

Job description

Application deadline: June 8th, 2025

Join the EDC Team!

At EDC, we support Canadian businesses to succeed globally. We provide the financial tools and expertise they need to explore new markets, reduce risks, all towards the goal of making Canada and the world better through trade. #LI-Hybrid

Position: Underwriter, ITG level 17/18

Employment Type:Permanent

Compensation Details :

• Underwriter 17: Salaries typically range from $83,037 to $110,717 annually, based on qualifications and experiences, plus a performance-based incentive.
• Underwriter 18: Salaries typically range from $94,664 to $126,219 annually, based on qualifications and experiences, plus a performance-based incentive.

Location:

• Export Development Canada operates in a hybrid work environment, currently requiring employees to work in the office 2 days per week. (subject to change)
• This role can be performed from EDC’s headquarters in Ottawa or from one of our Community Hubs located in Toronto, Montreal, Quebec City, Winnipeg, Saskatoon, Calgary, Edmonton, Halifax, or Vancouver.
• Relocation assistance is available for candidates who meet the eligibility criteria.

About EDC:

At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth.

Why Join EDC?

• Collaborate with a diverse, experienced team – Work alongside talented professionals who bring a wealth of knowledge and expertise to drive success.
• Thrive in a supportive, teamwork-driven environment – Flourish in a workplace where collaboration and mutual support are paramount.
• Impact global communities through sustainable growth in emerging markets – Make a meaningful difference by fostering sustainable development in key regions around the world.
• Recognized as one of Canada’s Top 100 Employers, Best Diversity Employers, and a Top 100 Family-Friendly Employers – Join a company that is celebrated for its commitment to excellence, diversity, and work-life balance.
• Enjoy a comprehensive Total Rewards package:
  • Flexible benefits – Our program lets you choose coverage that suits your unique needs, including Medical, Dental, Life, and more. Plus, we offer additional Flex credits to tailor your plan even further.
  • Defined Contribution Pension Plan – Secure your future with our generous matching program that helps you save for retirement.
  • Competitive vacation program – Enjoy a work-life balance with our competitive vacation program, starting with 4 weeks of vacation and 2 floater days each year for permanent employees.
  • Comprehensive wellness programs – Stay healthy and happy with access to wellness initiatives, mental health support, and fitness programs.
  • Professional Development – Advance your career with our support for growth and development through conferences, language training, and educational opportunities.

Team Overview:

EDC International Trade Guarantee (ITG) team is seeking to recruit an Underwriter to become an integral part of our diverse team of dynamic and motivated professionals responsible for delivering bank guarantee and bonding solutions to Canadian Financial Institutions supporting large corporate Canadian customers. Our goal, in collaboration with our internal and external partners, is to deliver value to customers through our unique and versatile suite of solutions. To demonstrate our ability to act as a trusted partner and support our Canadian clients as they to go, grow and succeed internationally.

An ITG Underwriter manage a portfolio of Canadian Exporters and Investors with the objective of delivering the appropriate bank guarantee and bonding solutions to facilitate international trade. They will be responsible for assessing risks, primarily related to the exporter, and structuring transactions inorder to meet customer needs while satisfying EDC's risk management requirements. The role is customer facing and involves managing transaction through their full lifecycle, including early stage triage, risk rating, structuring, issuance and risk management.

We are currently recruiting for a permanent role. This poster may also be used to fulfil future hiring needs (both contract & permanent) over the next 12 months.

Discipline Summary

• Assesses financial, environmental / social technical, contractual and managerial risks of exporters and structures transactions (pricing, legal requirements, documentation, credit enhancements, etc.) in order to meet customer needs while satisfying the corporation's risk management requirements
• Demonstrates strong customer relationship management through engagements with customers and financial partners
• Interacts and collaborates with domestic and foreign financial institutions, sureties, account managers and customers to clarify needs and structure transactions appropriately
• Determines financial eligibility on Canadian exporters and performs credit and non-credit risk analysis to understand the company's current and future capabilities with regards to all types of obligations (ex: debt repayment, profitability and cash flow management), and uses business/economic/political analytical thinking to identify other types of risks associated with transactions
• Presents transactions and risk assessments to internal approval individuals and committees to arrive at a decision that satisfies all parties.

What you will be doing:

• Assesses risks related to exporters, negotiates and structures complex transactions in order to meet customer needs and satisfy the Corporation's risk management requirements and presents results of risk analysis for approval within the proper guidelines and Delegation of Authority
• Collaborates with Canadian and Foreign financial institutions, sureties, EDC Business Development and the Customer to develop and maintain key customer relationships and structure a transaction appropriately
• Partners with various internal advisory services to assess non-credit risks to determine if transactions are viable and is in compliance with EDC’s risk management policies.
• Supports the performance, growth and integrity of the program by setting underwriting policies, standards and guidelines, ensuring adherence, leading continuous improvement activities and delivering product enhancements
• Develops and uses professional network (bankers and surety professionals) to strengthen and deepen risk analysis and understanding of the industry

What we are looking for:

• Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline
• 5 years (Underwriter 17) or 7 years (Underwriter 18) of experience in financial analysis or underwriting or related financial services experience
• Solid experience reading and interpreting financial statements with strong financial analysis skills
• Experience leading and supporting the successful completion of increasingly complex commercial credit transactions across a variety of industry sectors and international markets

What will make you stand out:

• Strong verbal and written communication skills in English and French
• Working knowledge of letters of guarantee / letters of credit and trade finance principles and practices
• MBA, CFA, CPA designation

Eligibility:

• Eligibility: EDC is committed to Fair Employment Practices and preference will be given to a candidate who is able to work legally in Canada at the time of application (Canadian Citizens or Permanent Residents). Candidates must meet the requisite government security screening requirements.The position is open to those who meet all of the essential requirements stated above and whose applications are received by the closing date.

This position is open to individuals who meet all the essential criteria outlined above and submit their applications by the closing date. Ready to make a difference? This is your chance to join a dynamic, growing team and leave your mark on our organization, development finance, and the world.

Apply today!

Want to learn more about EDC? Check our website here https://www.edc.ca

EDC's Commitment to Employment Equity

Export Development Canada (EDC) is dedicated to fostering employment equity and building a diverse workforce. We are committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds, and abilities. At EDC, we nurture a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed, and be their truest selves.

We actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.

Should you require any accommodation during the recruitment and selection process, please let our Recruitment team know

Your application must clearly demonstrate how you meet all the requirements. We thank all applicants' interest in a career at EDC; however, only those selected for an interview will be contacted. Please note that a pool of qualified candidates may be established and may be used to staff similar positions at this level at EDC.