Underwriter, Contract Insurance and Bonding
EDC is Canada's export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining, and is a recognized leader in financial reporting and economic analysis.
The CIB Underwriter manages a portfolio of Canadian Exporters with the objective of delivering the appropriate bonding solutions to facilitate international trade.
The CIB-Underwriter will be responsible for assessing risks, primarily related to the exporter (credit, technical, contractual and managerial), and structuring transactions (pricing, legal requirements, documentation, credit enhancements, etc.) in order to meet customer needs while satisfying EDC's risk management requirements.
We intend to use this candidate pool to fill openings in 2018 and 2019, an eligibility list will be created.
- Assesses credit, technical, contractual and managerial risks of exporters and structures transactions including pricing, legal requirements, documentation, credit enhancements, etc., in order to meet customer needs while satisfying the corporation's risk management requirements
- Interacts and collaborates with domestic and foreign banks, sureties, account managers and customers to clarify the need and to structure the transaction appropriately
- Determines financial eligibility on Canadian exporters and performs 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 the transaction
- Assesses risks related to exporters (credit, technical, contractual, managerial, economic, political), negotiates and structures complex transactions (pricing, legal requirements, documentation) 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 (DOA)
- Collaborates with Canadian and Foreign banks, Sureties, EDC Account Executives and the Customer to develop and maintain key customer relationships and structure a transaction appropriately
- Partners with various internal subject matter experts to determine if transactions are viable and to mitigate risks
- 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 and new products
- Develops and uses professional network (bankers and surety professionals) in order to strengthen and deepen risk analysis and understanding of the industry
- Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline
- Minimum of 2 years (Contract Bonding, level 2) or 5 years (Contract Bonding, level 3) or 7 years (Contract Bonding, level 4) experience in insurance or bonding underwriting or related financial services experience
- Advanced knowledge of underwriting and/or contract bonding principles and practices
- Significant experience leading the successful completion of increasingly complex commercial credit transactions across a variety of industry sectors and international markets
- Strong written and spoken communication skills in English and French
- MBA, CFA, CPA designation
- Contract Bonding, level 2: $62,000-$92,000 + performance based incentive
- Contract Bonding, level 3: $73,000– $109,000 + performance based incentive
- Contract Bonding, level 4: $86,000– $128,000 + performance based incentive
**Please note that we will consider candidates at the Contract Bonding, level 2 to Contract Bonding, level 4, depending on the incumbent's qualifications**
How to apply
Only candidates selected for an interview will be contacted.
Application deadline: December 7, 2018, 11:59 p.m. EST on www.edc.ca/careers
EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities.
If selected for an interview, please advise us if you require special accommodation.
Candidates must meet the requisite government security screening requirements.