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Managing Director, Developer Surety

Travelers Canada

This is a Full-time position in Toronto, ON posted March 18, 2023.

Managing Director, Developer Surety page is loaded Managing Director, Developer Surety Apply locations ON
– Toronto time type Full time posted on Posted Today job requisition id R-26978 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.

Job Category Underwriting Target Openings 1 What Is the Opportunity?

Travelers is an industry-leading provider of surety bonds to developers of residential and commercial real estate in Ontario, Quebec, Alberta, and British Columbia for the purpose of providing purchasers with deposit protection, warranty coverage and development security.

The Managing Director, Developer Surety position provides a leadership opportunity to manage a team of underwriters, develop client relationships, advocate with key stakeholders, underwrite some of the largest and most complex accounts and projects, assist the team with project underwriting, and take a lead role in the training and development of the team.

What Will You Do?

Manage a team of direct reports Lead training and development initiatives Develop new business relationships through networking with brokers, developers, consultants and other centers of influence.

Underwrite new business submissions Actively manage a portfolio of existing clients Negotiate terms and conditions with brokers and clients Liaise with solicitors and review security documents Represent Travelers at various industry-related functions Analyze the financial strength and creditworthiness of current and new clients Oversee the monitoring of on-going bonded projects Review underwriting recommendations Maintain the highest level of customer service.

Direct and manage the delivery of excellent account administration services.

Develop and maintain effective relationships with internal resources (e.g., LP&E, Claim, Operations, etc.) to ensure delivery of all related service to clients.

Hire, develop, and retain and excellent staff who will support profit, growth, and expense management goals.

Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Detail-orientated and thoughtful Well organized Motivation to provide best-in-class service An aptitude for swift, empathic problem solving Demonstrated track record of business development Ability to work under tight timelines The capacity to work both autonomously and collaboratively in a team environment Outstanding Microsoft Excel skills, proficient in Microsoft Office Excellent communication and interpersonal skills Strong marketing and technical underwriting skills necessary to achieve established and stretch business goals Customer Focus: Identifies customer needs and takes appropriate action to meet those needs Acts with a sense of urgency Strong knowledge of competitive market conditions Establishes strong coalitions and networks both within and outside the Division/Company Takes responsibility for decisions and actions What is a Must Have?

5 years of experience underwriting real estate lending at a surety or lending institution Undergraduate degree from a university with a business focus 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 and resources that empower you to achieve your wellness goals.

In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs.

Through Life Balance, you’re eligible for free counseling sessions with a licensed therapist.

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.

Equal Employment Opportunity Statement Travelers is an equal opportunity employer.

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.

About Us Travelers has 30,000 employees in the United States, Canada, the United Kingdom, Ireland and Brazil.

>> Explore life at Travelers .

We have 8 diversity networks, employee-led organizations dedicated to fostering the development and success of our employees.

>> Discover diversity and inclusion .

Employees and their eligible family members – including spouses, domestic partners and children – are eligible for coverage from the first day of employment.

>> Explore benefits .

Travelers has been recognized by organizations such as Forbes, Human Rights Campaign Foundation, and Military Times.

>> Read more about recognition .

Our employees are valuable assets to their hometowns, giving more than 100,000 hours of their time toward important causes each year.

>> Learn about community involvement .

Imagine other opportunities here .