Senior Surety Underwriter

3 weeks ago Be among the first 25 applicants

Department
:
Underwriting

Location
:
Toronto

Reports To
:
Manager, Surety - Ontario & Atlantic Region

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, Edmonton, 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 or not 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 of 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

Liberty Mutual Surety is seeking a Contract Surety Underwriter in our Toronto office. In this role, you will market, underwrite, and service customers and accounts within an assigned territory. Using your excellent people skills, you will build and maintain positive relationships with brokers and customers rather than focus on transactional sales. You will also use your business and financial acumen to perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts.

This is an excellent opportunity for an experienced and self‑motivated surety professional looking to advance their career with a top surety company that focuses on its employees and customers first.

• Meet with customers from assigned territory to solicit business/submissions via marketing efforts and educate customers on Liberty Mutual Surety policies, procedures, appetite, and requirements. Act in a consultative capacity and discuss/review accounts and performance
• Originate, lead, and underwrite surety transactions
• Develop/maintain strong relationships, meet with clients, and oversee a book of surety business. Meet production, marketing, and profitability goals as set by Manager and assist in business development. Develop a book of business strategy to broaden the portfolio with various accounts in compliance with given Underwriting Guidelines.
• Perform analytical evaluations of financial statements on both a static and trend basis. Determine an underwriting position on complex risks and monitor their present and historical financial position through analysis of interim financial statements and work in progress data as appropriate. Recommend, implement and monitor milestones and potential exit strategy on accounts showing high risk trends.
• Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/workflow issues, within framework of Surety policies and procedures
• Monitor an existing book of business from an underwriting standpoint. Continuously evaluate the qualitative characteristics of the business (new and existing) as assigned. Make recommendations to Manager for proper…