Export Development Canada

Ottawa, Ontario

Underwriter, Credit Insurance Underwriting (Level 2)

Sep 18, 2020
Ottawa, Ontario
Early Career
Underwriter, Credit Insurance Underwriting (Level 2 and Level 3)-0002UJ

EDC is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. We take on risk so Canadian businesses can take on the world.

When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace. Your knowledge and expertise will support more than 13,000 Canadian companies and their customers in as many as 200 markets worldwide. You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer.

Team overview

EDC’s Credit Insurance Underwriting group is looking for dynamic and motivated professionals to assist Canadian companies go, grow and succeed internationally. Working in close collaboration with both internal and external partners, the successful candidate(s) will facilitate international trade by helping our customers protect themselves against the risk of non-payment from foreign companies. 

In the underwriting role you will be relied upon to engage with EDC’s customers to understand their needs,  structure insurance coverage and assess counterparty creditworthiness to achieve the optimal balance between customer-centricity and EDC’s business requirements. In addition, you will, actively participate in the attainment of the group’s performance and growth objectives and be engaged in continuous improvement in order to remove obstacles,  enhance the work environment and improve the customer experience.

Discipline Summary

  • Customer Relationship Management
  • Credit and Financial analysis
  • Policy structuring \ needs assessment
  • Problem solving
  • Target achievements

Key Responsibilities

  • Establishes relationships with internal and\or external customers;
  • Understands customer needs, determines optimal insurance coverage structure, terms and conditions and participates in delivery of the product to the client or prospect;
  • Provides on-going customer service, acting as subject matter expert for our clients;
  • Assesses the creditworthiness of foreign companies, understanding the likelihood of a company honoring its obligations through in depth financial and credit analysis (liquidity analysis, leverage & maturity schedules, profitability, cash-flow management, third party\bank support and other factors such as competitiveness, market conditions\elasticity of demand, industry trends);
  • Participates in developing loss mitigation strategies when allocated credits become at risk;
  • Participates in continuous process improvement initiatives to streamline operations
  • Identifies problems and champions enhancements to existing processes;
  • Contributes to the overall improvement of the programs results by striving for excellence and unrivaled execution.
Screening Criteria
  • Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline (for all levels)
  • 2 to 4 years (Credit Insurance, level 2) or 5 to 7 years (Credit Insurance, level 3) of experience in insurance underwriting or related financial services experience
  • Solid experience reading and interpreting financial statements with strong financial analysis skills
  • Significant experience leading the successful completion of increasingly complex commercial credit transactions across a variety of industry sectors and\or international markets
  • Strong preference will be given to bilingual candidates (English and French)


  • International and/or commercial banking experience
  • MBA, CFA or CPA designation
  • Working knowledge of insurance underwriting principles and practices

Salary Range

  • Credit Insurance, level 2: $62,800 – $94,200 + performance based incentive
  • Credit Insurance, level 3: $74,200 – $111,400 + performance based incentive

**Please note that we will consider candidates at the Credit Insurance 2 to Credit Insurance 3 level depending on the incumbent’s qualifications**


  • Please be advised that this position is based at our Head Office in Ottawa. Relocation assistance is available for eligible candidates.

How to apply

Only candidates selected for an interview will be contacted.

Application deadline: September 18, 2020, 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.

How to Apply