Credit Analyst, Contract Surety (UW Trainee)

Job ID: R-43380 Job Category: Underwriting, Location: Toronto, ON Workplace Arrangement: Hybrid Posted Date: March 26, 2025 Apply

Who Are We?

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Target Openings

1

What Is the Opportunity?

The Credit Analyst, Contract Surety position provides an opportunity to build a unique and successful career within a highly specialized niche of the insurance industry. Analyze financial information and assess risk of contractors and related companies. Build and maintain 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. Interact/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.

What Will You Do?

  • Underwrite and assess risk for contract surety bonds and bonding facilities.
  • Analyze and interpret financial statements and forecasting 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 which arise within the underwriting context.
  • Establish and maintain collaborative relationships with colleagues in other parts of the organization.
  • Enrollment 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 Travelers’ objectives.
  • Participate in industry functions to increase visibility in the marketplace, network with key stakeholders and increase knowledge of the industry.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Ability to apply critical thinking skills while proactively identifying underwriting, marketing, or financial challenges, and analyzing available information to make timely recommendations in alignment with our risk appetite.
  • Strong financial acumen, including the ability to analyze financial statements.
  • Communication skills with the ability to successfully collaborate with our broker partners.
  • Manage range of complex and time sensitive tasks efficiently and effectively.

What is a Must Have?

  • Bachelor’s degree with a business discipline specialization in finance, accounting or economics.

What Is in It for You?

  • Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
  • Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

Careers at Travelers

When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger. It also means being part of a team comprised of 30,000 + talented and passionate people that are evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.

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