Intact Financial Corporation

Senior Underwriter or Specialist, Surety

Intact Financial Corporation$94K — $115K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, accounting, or finance
  • 3+ years of experience for Senior Underwriter, 7+ years for Specialist in contract surety or commercial lending
  • Solid understanding of financial statements
  • Demonstrated capability for outstanding customer service
  • Proven track record for quick, accurate problem resolution
  • Strong analytical and research skills
  • Excellent communication and interpersonal skills
  • Proficiency with MS Office Suite products

Responsibilities

  • Obtain and analyze underwriting data to inform decision-making
  • Perform financial analysis and assess client relationships
  • Provide management with recommendations on bond support for clients
  • Negotiate terms for issuing Contract Surety bonds
  • Monitor development projects and related risks
  • Develop new business through networking and marketing
  • Represent Intact at industry associations and functions

Benefits

  • Annual bonus plan with potential for payout up to double the target
  • Employee Share Purchase Plan with Intact matching 50%
  • Defined benefit pension plan offering guaranteed income for life
  • Flexible pension offerings for long-term security
  • Encouragement for candidates outside the stated salary range to apply
Full Job Description
Salary range (but not limited to): 94,200 - 115,200 Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 12% As part of our commitment to Win As A Team, we share our success with employees through our annual bonus plan and Employee Share Purchase Plan (ESPP) - with Intact matching 50% of your net shares. Our pension offerings provide flexibility and long-term security for our employees beyond their careers. We are one of the few companies offering the opportunity to receive guaranteed income for life via our defined benefit pension plan. Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, etc. The salary range presented above is based on a 35-hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well. About the role A Surety career is an opportunity to define Intact's Specialty Solutions offering and expand our business beyond $20 billion of total annual premiums. Leverage your insurance or financial background and strong people skills as you grow your career and solve the exciting challenges that each day brings in managing complex risks. Be part of a team whose size and sophistication help separate us from the competition in the space and contributes to our growing leadership in the Specialty Solutions market both in Canada and globally. We're looking for a Senior Underwriter or Specialist, Surety, to join our growing team! What you'll do here:
  • Obtain and analyze underwriting data, perform financial analysis and apply critical thinking on underwriting decisions and client relationship issues.
  • Analyze financial position of current and new contract clients.
  • Provide recommendations to management on contract surety bond support to provide to existing and prospective contract clients.
  • Negotiate specific terms and conditions for issuing Contract Surety bonds to clients.
  • Monitor the development projects and exposures.
  • Develop new business through networking/marketing with brokers, clients, contractors, consultants, lawyers, and other market participants.
  • Gain and expand upon industry knowledge to improve underwriting decisions.
  • Represent Intact at various contractors' associations and industry-related functions.
What you bring to the table:
  • Bachelor's degree in business, accounting or finance
  • Experience - minimum 3 years for the Senior Underwriter and 7 years experience for the Specialist role in contract surety or commercial lending, and/or experience in a commercial insurance underwriting or brokerage capacity.
  • Solid understanding of financial statements
  • Demonstrated capability for outstanding customer service
  • Proven track record for quick, accurate problem resolution
  • Strong analytical and research skills
  • Excellent communication and interpersonal skills
  • Can handle multiple tasks in a high-volume, fast-paced environment
  • Can work independently and collaborate with co-workers in a team setting
  • Proficiency with MS Office Suite of products
  • No Canadian work experience required however must be eligible to work in Canada.
Please note that the posted salary range is for the Senior Underwriter role. We encourage candidates who may fall outside of this range to apply as well. #LI-Hybrid Il s'agit d'un nouveau rôle au sein de notre équipe en pleine croissance | This role is a new member of our growing team. If you are an employee of Intact or belairdirect, please apply for this role on Internal Career Site.

About Intact Financial Corporation

Intact Financial Corporation is a Canadian insurance company that provides property and casualty insurance to individuals and businesses. The company operates in Canada and the United States and offers a range of insurance products, including auto, home, and commercial insurance. Intact Financial Corporation was founded in 1809 and is headquartered in Toronto, Canada.
Learn more about Intact Financial Corporation
Size
16,000 employees
Industry

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