Underwriter, Contract Insurance and Bonding (Level 1 and 2)
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.
- 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, primarily related to exporters (credit, technical, contractual and managerial), and presents results of risk analysis for approval within the proper guidelines and Delegation of Authority (DOA)
- Structures transactions (pricing, legal requirements, documentation, credit enhancements, etc.) to meet customer needs while satisfying the Corporation's risk management requirements
- Partners with various internal subject matter experts and collaborates with various Canadian and Foreign banks, with Sureties, with EDC Account Managers as well as directly with the customer to determine if a transaction is viable and to mitigate risks
- Manages a portfolio of clients and the ongoing needs associated with the product suite through its life cycle
- 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 1 year (Contract Bonding, level 1) or 2-3 years (Contract Bonding, level 2) experience in insurance or bonding underwriting or related financial services experience
- Working knowledge of underwriting and/or contract bonding principles and practices
- 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 1: $52,000– $79,000 + performance based incentive
- Contract Bonding, level 2: $62,000– $92,000 + performance based incentive
**Please note that we will consider candidates at the Contract Bonding, level 1 and at the Contract Bonding, level 2, depending on the incumbent's qualifications**
How to apply
Only candidates selected for an interview will be contacted.
Application deadline: March 30, 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.