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Toronto, ON, CA


Surety Bond Underwriter 

About Swiss Re

Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customized products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group.


About the Role:

Swiss Re Corporate Solutions is seeking a Surety Bond Underwriter with a curious mindset and strong financial and industry knowledge to join our small Canada based Surety team.


You will be responsible for underwriting contract surety bonds in conformance with the North American Specialty (NAS) Surety Group underwriting guidelines to determine if they meet risk acceptability standards and the strategy of the company. Your confident personality and strong underwriting experience will assist you in developing and maintaining effective relationships with clients, brokers, business partners and senior colleagues, and therefore increasing premium production.


Surety has been identified as an important growth driver for Swiss Re Corporate Solutions. You will have built up some experience in the surety sector and have the desire to grow the business, using our financial strength and substantial untapped capacity, along with Swiss Re Corporate Solutions' aspirations.


Specific responsibilities will include:

  • Management of daily bids and final bond requests
  • Review of new contract bonds for completion in accordance with NAS policies. Analyzing of new account submissions for assigned territory
  • Approving bonds within the limit of authority granted by Branch Manager.
  • Oversee and manage the fiscal status of accounts. Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information.
  • Maintain current documentation and credit information files in accordance with the NAS Surety Group Procedure Manual for Contract Surety
  • Enhance existing broker relationships and identify and secure new brokers. Schedule regular meetings with established brokers. Visit bond accounts as requested by brokers and supervisor.
  • Provide quarterly marketing updates to VP/Branch Manager and attend NAS Surety Group regional meetings as required
  • Participate in special projects as delegated by the VP/Branch Manager.


About the Team:

In this role you will play an important and critical part in the Canada Surety team, reporting directly into the Head Contract Surety Canada and a part of the wider NAS Surety team.  The position is based in Toronto, but as part of a North American and global team offering multinational solutions, you will also liaise on a regular basis with colleagues across the world.


About You:

  • Bachelors Degree with emphasis in business, preferably finance or accounting, or, equivalent work experience
  • Minimum of 4 years of current contract surety underwriting experience
  • Strong marketing skills and ability to obtain new business and work with contractor clients
  • Strong competency in quantitative and financial analysis
  • Effective written and verbal communication skills
  • Competent computer skills including knowledge of Excel and Word
  • Ability to travel 25%.



Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.


Reference Code: 86039 



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