Underwriter II, Trade Credit

Intact FC • Toronto, ON

15d • Hybrid

About The Position

A career with Intact Specialty Solutions is an opportunity to deepen your expertise in the insurance industry and grow your skillset across a wide variety of lines of business spanning 180 countries. Being part of Canada’s largest P&C insurer and leading provider of global specialty insurance means learning from industry experts and expanding our capabilities. Here you’ll develop not only your career but also establish Intact’s reputation as a leader in Specialty Solutions across the globe. We’re seeking a Risk Underwriter (Level II) to join our Trade Credit team. This role is well-suited to candidates from commercial banking, credit risk, or corporate lending backgrounds who enjoy analyzing financials, forming credit views, and partnering with stakeholders to support well-managed portfolio growth. In this position, you’ll work closely with commercial and risk underwriters to assess counterparty risk and support trade activity for our clients.

Requirements

• Bachelor’s degree in Finance, Accounting, Business (or equivalent combination of education and relevant experience).
• Minimum 4 years of experience in financial statement analysis, commercial lending, credit adjudication/underwriting, or credit risk within banking or financial services.
• Working knowledge of credit structuring, covenant/terms assessment, risk mitigation, and approval documentation.
• Experience supporting or independently handling progressively more complex commercial credit transactions, potentially across multiple industries and/or international markets.
• Strong written and verbal communication skills.
• Analytical and self-motivated with a high personal standard of delivery.
• Initiative and resilience under pressure in a fast-paced environment.
• Strong team player with exceptional collaboration and communication skills.
• Skilled at developing and maintaining excellent client / buyer relationships.
• Curious and engaged in staying current on business trends impacting our industry.

Nice To Haves

• Proficiency in French is an asset.
• MBA, CFA, CPA (or equivalent) is an asset.

Responsibilities

• Perform counterparty (buyer) credit assessments by reviewing financial statements, reporting, and market/industry information; manage and maintain a portfolio of buyers and strengthen relationships through annual check-in calls and Microsoft Teams meetings; and provide clear, well-documented credit recommendations.
• Manage a high volume of credit requests, delivering quick turnaround times while maintaining high-quality analysis, clear documentation, and strong adherence to credit policy and approval authorities.
• Ensure analysis and recommendations align with credit policy, risk appetite, internal rating methodologies, and underwriting guidelines.
• Deliver timely, high-quality credit commentary and communicate decisions and rationale to commercial underwriters and, where applicable, brokers/partners.
• Contribute to portfolio outcomes including new business support, retention, limit/capacity management, and relationship maintenance through buyer calls and meetings.
• Partner with internal stakeholders (risk, legal, claims, finance, portfolio management) to evaluate transaction structure, identify risks, and recommend risk mitigation.
• Support continuous improvement by helping refine credit standards, underwriting guidelines, and process controls and by contributing to product or program enhancements.
• Build sector knowledge and internal/external networks to strengthen your credit perspective across industries and geographies where exposures exist.

Benefits

• Flexible work arrangements and a hybrid work model
• Possibility to purchase up to 5 extra days off per year
• Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more
• Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life)
• Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 10%
• Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares.
• Opportunity to receive guaranteed income for life via our defined benefit pension plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees