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Jobs at The Guarantee Company of North America

Underwriter, Developer Surety

Location: Toronto, Ontario, Canada

Department: Developer Surety

Type: Full Time

Min. Experience: Experienced

Job Summary:     

The Developer Surety Underwriter is responsible for underwriting developer surety accounts by conducting financial and surety credit analysis in order to establish the surety guarantee support provided to them. The successful candidate will have frequent contact with clients, lawyers representing out interests and insurance brokers and will ensure the development of client and broker relationships, perform administrative functions relating to the issuance and renewal of bonds and perform decision making within established authorities. Business development will be a core function. The candidate will be expected to take initiatives to establish strong relationships with developers and brokers to grow the book of business. 



-  University Degree in Commerce or Economics.
-  Developer Surety underwriting experience
-  Solid understanding of financial statements of developers
-  Thorough understanding of the residential development process, development financing, risks relating to     the development industry and industry participants.
-  Working knowledge of complicated corporate structures and relationships such as joint ventures, limited       partnerships and bare trusts.
-  Sound knowledge of Tarion Warranty Corporation’s policies and procedures, the Ontario Condominium - -  -  Act and the Ontario New Home Warranty Act, and similar legislation in British Columbia and Alberta.
-  Strong interpersonal and communication skills.
-  Proficiency with MS Office Suite of products.
-  Excellent organizational skills, attention to detail and the ability to handle multiple tasks in a high-volume,    fast-paced environment are necessary.
-  Ability to work independently and collaborating with co-workers in a team setting.
-  Highly developed analytical and judgment skills required.
-  This position is subject to appropriate background checks that may include, credential, employment,            credit, criminal and reference check.

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