Travelers Credit Analyst, Contract Surety in Toronto, Ontario

10855BR

Title:

Credit Analyst, Contract Surety

Target Openings:

2

Primary Job Duties & Responsibilities:

The Credit Analyst, Contract Surety position provides an opportunity to build a unique and successful career within a highly specialized niche of the insurance industry.

Underwriting Excellence

  • Underwrite and assess risk for contract surety bonds and bonding facilities. This involves:

  • Analyzing and interpreting financial statements and forecasting future performance

  • Understanding a contractor’s operations, experience and business plan

  • Completing formal annual account reviews

  • Underwriting bond requests and creating/proposing solutions for challenges which arise within the underwriting context

  • Establish and maintain collaborative relationships with colleagues in other parts of the organization

  • Enrollment in the Associateship in Canadian Surety Bonding (ACSB) program offered through the Surety Association of Canada and the University of Toronto

Relationship Management

  • Develop relationships with assigned brokers and clients to establish a strong foundation for all business dealings

  • Demonstrate superior customer service standards

  • Work tactically with brokers to ensure they have an appropriate level of understanding of Travelers’ objectives

  • Participate in industry functions to increase visibility in the marketplace, network with key stakeholders and increase knowledge of the industry

Job Opening ID:

10855BR

Environmental/Work Schedules/Other:

Some travel is required.

Equal Employment Opportunity Statement:

Travelers is an equal opportunity employer.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

Job Specific & Technical Skills & Competencies:

  • Possess strong problem resolution, decision-making and interpersonal relations skills

  • A current/valid driver’s license is required

  • Some travel is required

Job Category:

Underwriting

Job Summary:

The Bond and Specialty Insurance division of Travelers is seeking to add a new member to our Contract Surety team.

What is Contract Surety?

  • Bonds that the government or an owner of a construction project may require a contractor to obtain. There are three main types of contract surety bonds:

  • Bid bond - Affords protection to a project owner (obligee) in the event a successful bidder will not enter a contract and will not provide the required surety bonds or other security

  • Performance bond - Provides protection to the obligee if the contractor defaults on its obligations under the bonded contract

  • Payment bond - Guarantees that the contractor will pay subcontractor, labor and material bills associated with the construction project.

Travelers Canada provides bid bonds, surety's consents, performance bonds and labour and material payment bonds for clients ranging from small and mid-size companies to some of the largest construction companies in Canada.

Job Summary

  • Analyze financial information and assess risk of contractors and related companies

  • Build and maintain productive relationships with surety and insurance brokers

  • Contribute to consistently achieving planned financial results through superior service, quality underwriting and responsiveness to new business submissions

  • Interact/collaborate with a team of colleagues and other critical internal and external associates

  • This position leads to roles that include sales and business development responsibilities

Position Type:

Entry Level

Minimum Qualifications:

Completion of a Bachelor's degree with a business discipline specialization in finance, accounting or economics or those pursuing a CPA designation will be considered.

Company Information:

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Primary Location:

Toronto - Ontario - Canada