Risk Assessment Specialist, Surety Bonding

2 weeks ago

Toronto, Ontario, Canada The Travelers Companies, Inc. Full time

Company Overview

Solid reputation, passionate people and endless opportunities. That's The Travelers Companies, Inc.

We are a leading insurance company with a strong financial foundation and a consistent record of successful operations. Our goal is to provide security for our customers and opportunities for our employees.

Job Description

The Risk Assessment Specialist, Surety Bonding position provides an opportunity to build a unique and successful career within a highly specialized niche of the insurance industry.

You will analyze financial information and assess the risk of contractors and related companies. Your responsibilities will include building and maintaining productive relationships with surety and insurance brokers.

Contribute to consistently achieving planned financial results through superior service, quality underwriting, and responsiveness to new business submissions.

You will interact and collaborate with a team of colleagues and other critical internal and external associates.

This position leads to roles that include sales and business development responsibilities.

Key Responsibilities

  • Underwrite and assess risk for contract surety bonds and bonding facilities.
  • Analyze and interpret financial statements and forecast future performance.
  • Understand a contractor's operations, experience, and business plan.
  • Complete formal annual account reviews.
  • Underwrite bond requests and create/propose solutions for challenges that arise within the underwriting context.
  • Establish and maintain collaborative relationships with colleagues in other parts of the organization.
  • Enroll in the Associateship in Canadian Surety Bonding (ACSB) program offered through the Surety Association of Canada and the University of Toronto.
  • Develop relationships with assigned brokers and clients to establish a strong foundation for all business dealings.
  • Demonstrate superior customer service standards.
  • Work tactically with brokers to ensure they have an appropriate level of understanding of The Travelers Companies, Inc.'s objectives.
  • Participate in industry functions to increase visibility in the marketplace, network with key stakeholders, and increase knowledge of the industry.

Requirements

To be successful in this role, you will need:

  • A Bachelor's degree with a business discipline specialization in finance, accounting, or economics.
  • Strong analytical skills, including the ability to analyze financial statements.
  • Excellent communication skills, with the ability to successfully collaborate with our broker partners.
  • The ability to manage a range of complex and time-sensitive tasks efficiently and effectively.

What We Offer

We offer a comprehensive benefits package, including:

  • Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment.
  • Retirement: The Travelers Companies, Inc. provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (

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