Junior Underwriter

Junior Underwriter JU092526

Department: Underwriting

Type of Position: Full Time, 12 Month Contract

Location: 7th Floor, 5160 Yonge Street, Toronto, ON

Reporting to: Manager, Underwriting

Work Model: Hybrid – flexible work schedule (All remote work must be completed from your home office within the province of Ontario.)

Grade: I

Posting Status: Open

Salary Range: The salary range for this position is $53,500 - $79,240 per year

Since 1976, Tarion has served new home buyers and owners by ensuring that one of their life’s biggest investments is protected. By law, almost all new homes built in Ontario are provided with a warranty by the builder. Tarion’s role is to ensure that buyers of these homes receive the coverage they are entitled to under their builder’s warranty. More than 375,000 homes are currently enrolled in the warranty and protection program.

Every year about 55,000 new homes are enrolled.

As an independent and not-for-profit consumer protection organization, Tarion provides Ontario’s new home buyers and owners with peace of mind that their purchase is safeguarded through the province’s new home warranty and protection program.

Tarion offers guidance to help homeowners receive the warranty coverage they’re entitled to and when necessary, steps in to help resolve warranty claims with financial compensation. Tarion also provides free tools, guides and resources to help homeowners understand their builder’s warranty and navigate warranty claims with confidence.

The Underwriting Team assesses applications to sell and build new residential homes in Ontario, whether these are freehold homes or condominiums. The Underwriting Team also addresses application‑related inquiries from Vendors and Builders. The Underwriting process involves assessing the financial and technical risks associated with an application, and proposing the appropriate terms and conditions based on the analysis conducted. Areas of focus include financial risk to assess the feasibility of a project and an applicant's ability to meet warranty obligations;

history to assess past projects and warranty performance; and technical risk, to assess the applicant's technical capabilities vis‑a‑vis the construction plans proposed. The Underwriting team works in collaboration with various other departments within Tarion to complete risk assessments and to issue terms and conditions.

As a Junior Underwriter, you are a dynamic, customer‑focused individual who thrives in a high‑volume, collaborative environment. You are risk‑minded and have a background in underwriting. You can analyze financial statements, review legal documentation, and provide a summary and recommendations for risk assessments.

This position follows a hybrid working policy, requiring two (2) days per week in our office and three (3) days working remotely. In order to assist with onboarding and workplace introductions, new hires will be required to work four (4) days in office per week during their first three (3) months of service. (All remote work must be completed from your home office within the province of Ontario.)

• Assist Vendor/Builder in submitting applications on the Tarion online portal, Builderlink, when it is not a system related matter
• Assist Vendor/Builder with telephone and email questions about their files and in general about the Underwriting application process
• Collect and review application documents from Vendor/Builder
• Review financial statements and credit information for certain Vendors/Builders and Indemnitors
• Provide support in ad‑hoc department projects
• Assist with issuing the Terms & condition letters to the Vendor/Builder

• Minimum…