Principal – Credit Insurance Underwriting - 0004V6

Posting Date: Nov 5, 2024, 9:25:15 AM

Primary Location: Ontario-Ottawa

Job Type: Permanent

Schedule: Full-time

Description

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.

When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day – for businesses, for Canada and for the people you work with.

Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid

Team & Job Overview

EDC Credit Insurance (CI) team is seeking to recruit a Principal Underwriter to become an integral part of our diverse team of dynamic and motivated professionals responsible for providing Credit Insurance to Canadian Financial Institutions (FI’s) and Re-Insurance to our Private Insurance Partners.

The CI Principal Underwriter will be relied upon to manage a complex portfolio of FI's and Partners to understand their needs, structure bespoke insurance coverage and assess counterparty creditworthiness to achieve the optimal balance between customer-centricity and EDC’s business requirements.

They will also lead and contribute to strategic initiatives focused on program growth in international markets in key sectors aligned to the 2030 strategy. They play a key role in mentoring and developing underwriters and senior underwriters on the team and helping support a positive and collaborative team environment. The role is customer facing and involves managing transaction through their full lifecycle, including early-stage triage, risk rating, structuring, issuance, and risk management.

Discipline Summary

• Delivers credit insurance solutions, including non-standard transactions, to facilitate international trade.

• Assesses the risk of the proposed solutions in meeting customer needs, establishes appropriate transaction terms and conditions, and provides on-going customer service throughout the product lifecycle.

• Assesses the credit worthiness and risk level of buyers (financial/ environmental / social technical) and performs credit risk analysis to understand the company's current and future capabilities with regards to all types of obligations (ex: debt repayment, profitability and cash flow management), and uses business/economic/political analytical thinking to identify other types of risks associated with the transaction.

• Participates along with internal partners in developing loss mitigation strategies for problem buyers.

• Participates in continuous process improvement initiatives to streamline operations.

• Demonstrates strong customer relationship management through engagements with customers and internal and external partners.

• Presents complex transactions and risk assessments to internal approval individuals and committees to arrive at a decision that satisfies all parties.

Responsibilities

• Leads or advises on the end-to-end structuring, negotiation and execution of the most complex transactions in the portfolio, across a range of sectors and presents recommendations to internal approval committees to arrive at decisions that align with the program’s risk appetite and satisfy all parties.

• Manages a portfolio of complex customers who have a direct impact on the performance of the portfolio and achievement of strategic goals.

• Solves complex problems and uses sophisticated analytical thought to exercise judgement and identify innovative solutions.

• Leads strategic initiatives that support the performance, growth and integrity of the program in alignment with EDC’s medium and long term goals

• Contributes transactional, industry and professional expertise to management level strategic discussions on program risk appetite, portfolio growth opportunities and portfolio risk mitigation

• Provides mentorship, deal oversight and guidance to team members in order to foster their personal development and support/improve their contributions to the team.

Screening Criteria

• Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline

• Minimum 10 years of experience in financial analysis or underwriting/lending or related financial services experience.

• Significant experience reading and interpreting financial statements with strong financial analysis skills.

• Significant experience leading and supporting the successful completion of increasingly complex commercial credit transactions across a variety of industry sectors and international markets.

• Demonstrated ability to drive operational effectiveness.

• Ability to work with cross-functional teams to drive strategy execution.

Assets:

• Bilingual in both official languages (French and English)

Salary Range:

• Underwriter 19: Salaries typically range from $107,132 to $142,842 annually, based on qualifications and experience, plus a performance-based incentive

Location

• Export Development Canada is a hybrid work environment.

• This role may be performed from EDC’s headquarters in Ottawa, or from one of the Community Hubs located in Toronto, Montreal, Calgary, Halifax or Vancouver.

• Relocation assistance is available for eligible candidates.

EDC's Commitment to Employment Equity

EDC is committed to employment equity and achieving a diverse workforce. EDC actively encourages applications from women, Aboriginal peoples, visible minorities, persons with disabilities and members of the 2SLGBTQI community. If selected for an interview, please advise us if you need any special accommodation.

How to apply

Only candidates selected for an interview will be contacted. : : Nov 15, 2024, 11:59:00 PM EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation. Candidates must meet the requisite government security screening requirements. :

Req ID: 0004V6