Position Description

Surety Underwriter
Location(s) ON - Toronto
Employment Category Regular Full-Time
Close Date 06/07/22
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Position Overview

Number of Positions: 1

Language: This role operates in English.

Work Model: Hybrid

Alternate Title: n/a

Additional Information:

As a wholly owned subsidiary of the Cooperators General Insurance company, Sovereign Insurance believes your experience matters. This is our promise to not only our clients but to our employees as well, because we know the strength of our company starts with our people.  The smart, curious and collaborative people who bring their whole heart and passion to work each day. But you can’t pour from an empty cup; we take care of the well-being of our people so that they are inspired to protect Canadian businesses and the lives, families and communities we impact. Join us and begin shaping your experience at Sovereign.

Sovereign is looking for an Underwriter for our Contract Surety team who has a proven track record in the market for building strong relationships and handling complex accounts. The successful candidate will evaluate risks and negotiate proper rates for Contracts that align with our philosophy and exposure limits to support a profitable book of business.  If you thrive in a fast-paced environment, have exceptional business acumen and the people skills to match, this opportunity is for you!


What you’re responsible for:

  • Analyzing financial data, credit details and contractor experience to determine bond worthiness, and participate in departmental or corporate audits as required

  • Ensuring endorsements, renewals, issuances, and cancellations are reviewed, analyzed and handled in accordance with department standards and guidelines

  • Identifying, develop and cultivate new business relationships in the Surety market that supports business objectives

  • Participating in on-site visits at ongoing construction projects with Risk Control and Underwriting representatives to enhance understanding and knowledge of the construction process and risk control methods

  • Maintaining knowledge of surety trends, developments and regulatory changes to ensure that all necessary client and broker management systems are updated and current.


What to expect:

  • You are required to have a valid driver’s license and insurance.

  • You will travel occasionally.

  • Detail oriented work that requires a high degree of mental concentration for extended periods of time. 

  • You may provide support to clients who are experiencing a personal or financial loss. A high degree of confidentiality and discretion is required.

  • You will be subject to a Criminal Record and Consumer History background check as a condition of employment, in the event you are the successful candidate.


To be successful:

  • You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.

  • You ensure your day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.

  • You will support and guide others through changing conditions and encourage the exploration of new opportunities or innovations.

  • You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions. 


To join our team:

  • Post-secondary education in Finance, Economics or equivalent combination of education and experience. (Business or related discipline)

  • Minimum 3 Years of Surety Underwriting experience.

  • Strong ability to manage multiple priorities/projects and deliver results in a time sensitive environment

  • Demonstrated written and verbal communication skills

  • Strong analytical and decision-making skills with the proven ability to define critical issues and recommend creative alternatives to meet our clients’ needs


What we offer:

  • The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.

  • A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.

  • A holistic approach to your well-being, with physical and mental health programs and flexible work options.

  • The opportunity to work on an inclusive team who inspire each other to explore and achieve what’s possible.

  • A company that is committed to support the social, environmental and financial well-being of the lives, families and communities we impact.


Interested in applying?

Click 'apply now' to submit your current resume and cover letter. Tell us a bit about yourself, your professional experience and how you think you can make a difference at Co-operators. We look forward to learning more about you and we welcome you to follow us on LinkedIn

Co-operators is focused on fostering an inclusive, equitable and accessible work environment and we encourage individuals from all identity groups to apply.  If you require an accommodation during the recruitment process, please contact the hiring manager.

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