Underwriter, Credit Insurance Underwriting (Permanent and 12 months)

Export Development Canada - Ottawa, Canada Area

Posted 892 days ago
  • Experience
    Mid-Senior level
  • Job function
    General Business
  • Employment type
    Full-time
  • Industry
    Insurance
  • Job ID
    2854713

This is a preview of the Underwriter, Credit Insurance Underwriting (Permanent and 12 months) job at Export Development Canada. To view the full job listing, join LinkedIn - its free!Join LinkedIn - its free!

About this job

Job description

Team Overview   EDC's Credit Insurance Underwriting group provides accounts receivable insurance to protect Canadian businesses against the risk of non-payment by U.S. and foreign customers.   Customers are served by seven industry sector teams: Transportation; Information & Communication Technologies; Extractive; Infrastructure & Environment; Resources; Light Manufacturing and Small Business.   The group is looking for a dynamic and motivated underwriting professional who will actively participate in the attainment of the team's objectives through the analysis of buyer credit worthiness and underwriting of policies and parameters that support the specific service needs of the sector team.   Responsibilities

  • Manages standard transactions within a portfolio of accounts and proportionate share of team workload with minimal guidance
  • Recommends and approves buyer/credit limits within own portfolio within specified parameters, including DOA, policies and guidelines; will consider policy holder risk return profile
  • Assesses the creditworthiness and risk level of the buyer based on the financial review of the buyer as well as the assessment of other factors such as country economic conditions, payment terms etc.
  • Identifies and recommends techniques for mitigating risks
  • Assesses the risk of the proposed solutions and establishing appropriate transaction terms and conditions
  • Supports the Business Development Group throughout the sales cycle, in delivering high level service to the prospect, crafting and positioning solutions and participating in joint prospect calls as required
  • Assists in screening opportunities, including determining eligibility of customers and other counter parties for consideration of EDC's various products and offering possible solutions
  • Actively participates in the attainment of the team's objectives, which will include customer acquisition and retention
  • Ensures discipline regarding data integrity

Desired Skills and Experience

Screening Criteria

  • Bachelor of Commerce and relevant work experience or MBA
  • Minimum of 2 to 4 years of relevant financial services experience
  • Financial transactional experience at EDC and/or commercial financial institution
  • Excellent written and verbal communication skills in French and English
  • Demonstrated ability to operate in a high performing culture

Skills & Knowledge

  • Ability to read and interpret financial statements
  • Strong analytical and financial analysis skills
  • Understanding of bank term sheets, guarantees, stand-by L/Cs and ILCs
  • Understanding of complex contracts and potential legal implications of clauses
  • Solid knowledge of international business practices and international trade
  • Strong communication skills (written, verbal, presentation)
  • Effective negotiation skills (external and/or internal)
  • Strong customer insight and business acumen
  • Ability to generate new continuous improvement ideas for EDC by working closely with colleagues, customers and key intermediaries

Assets

  • International and/or commercial banking experience
  • CFA, CA, CMA or CGA designation

Salary Range

  $57,500 - $80,100  

** Please note that we will consider candidates at the Underwriter - Credit Insurance level (2) & Underwriter - Credit Insurance level (3) depending on the incumbent's qualifications.**    

 

How to apply   Interested candidates are encouraged to go through the application process on www.edc.ca/careers on or before April 18, 2012, 11:59 p.m. EST    We appreciate the interest of all applicants, however, only those selected for further consideration will be contacted.   If selected for an interview, please advise us if you require special accommodation.   EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities.   An internal search will be done concurrently with this posting and qualified internal candidates will be given preference.     Candidates must meet the requisite government security screening requirements.

About this company

Export Development Canada

Export Development Canada (EDC) is Canada’s export credit agency, offering innovative financing, insurance and risk management solutions to help Canadian exporters and investors expand their international business.

Every year, EDC's knowledge and partnerships are used by more than 8,300 Canadian companies and their global customers in up to 200 markets worldwide. Approximately 80 per cent of EDC's customers are small and medium-sized businesses.

EDC is a Crown corporation wholly owned by the Government of Canada. The corporation is financially self-sustaining and operates on commercial principles.

EDC is a recognized leader in financial reporting, economic analysis and has been named one of Canada's Top 100 Employers for nine consecutive years.

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