551 EN - Underwriter, CIU (Multiple roles)

Export Development Canada | Exportation et développement Canada•Toronto, ON

2h•CA$74,297 - CA$128,743•Hybrid

About The Position

At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth. The 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.

Requirements

Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline (for all levels).
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.
Experience structuring and negotiating more complex structures; comfortable meeting with Exporters at Executive and Senior Leadership level in order to assess needs, determine and outline appropriate structures.
Experience working effectively in changing, ambiguous, or matrixed environments.
Demonstrated ability to communicate clearly, collaborate with stakeholders, and provide effective service to internal and external clients.
Underwriter 16: 2–5 years of relevant experience. You can independently manage routine to moderately complex files, contribute to more complex analyses with guidance, and communicate recommendations clearly.
Underwriter 17: 5+ years of relevant experience. You bring strong underwriting experience handling increasingly complex transactions, with the judgment and confidence to lead analyses, navigate challenges, and defend recommendations in broader forums.
Underwriter 18: 7+ years of relevant experience. You bring deep underwriting expertise and experience with complex, high-risk, or high-visibility transactions, along with the credibility and interpersonal effectiveness to influence across the organization and coach others.

Nice To Haves

International and/or commercial banking experience.
MBA, CFA or CPA designation.
Working knowledge of insurance underwriting principles and practices.
Advanced Excel skills.
Coding skills is an asset.
Proficiency in both English and French is a strong asset (fully bilingual).

Responsibilities

Build and maintain relationships with internal and external customers, understand their needs, structure appropriate credit insurance coverage, and provide ongoing subject matter expertise and customer service throughout delivery.
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;
Identify operational and program-level improvement opportunities, and contribute to process enhancements that streamline operations, improve program results, and support excellent execution.
Depending on your level, manage files of increasing complexity, autonomy, and visibility – from independently handling standard to moderately complex work at level 16, to leading or advising on more complex or irregular transactions at level 17. At level 18, you will lead complex underwriting files end-to-end, providing expert advice across teams, and coaching others by sharing your judgment, underwriting expertise, and approach to decision-making.

Benefits

Competitive compensation & benefits package
Work-life balance
Hybrid work options
3 to 4 weeks paid vacation
Corporate closure period
Summer early Friday’s
No meeting Fridays
Continuous learning opportunities, including training programs, workshops and language training.
Inclusive Culture
Wellness Programs
Access to wellness initiatives, mental health support, and fitness programs
Community Engagement
Participate in volunteer opportunities
Relocation assistance is available for candidates who meet the eligibility criteria for permanent roles only.