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Economical Insurance

Surety Underwriter


Posted Apr 247705-1570564

Company Information



Because a changing industry calls for a new way of doing things. An ambitious, innovative and fast-paced company, we offer exceptional training and development programs, competitive pay, great benefits, company-matched RRSPs, and paid volunteer days — all within an engaging, fun, and collaborative work environment.


Founded more than 145 years ago, Economical is one of Canada’s leading property and casualty insurance companies. We rely on our national network of more than 800 independent brokers to sell a range of car, home, business, and farm insurance solutions. With Sonnet and Petline, we’re extending our reach through the direct-to-customer channel. With more than 2,400 active employees across the country and a commitment to rethinking the insurance experience, we’re poised for great things.


We’re now adding to our high-performance team to take us into the future. Let’s rethink insurance, together.

Job Description

Surety Underwriter

Are you a seasoned Surety Underwriter looking for a challenging new opportunity? Are you creative and enjoy coming up with solutions to business issues? If you are then Economical Insurance may have an exciting opportunity for you!

Who We Are:

Economical Insurance is one of Canada’s leading property and casualty insurance companies, but there’s really much more to us than that. Since our beginnings in 1871, we’ve been an organization that has imagined bigger and better things, inspiring us to take chances and think innovatively.

Our employees are the reason we’ve come as far as we have, and the reason we’ll go much further still. We focus on our customers first, we bring our best, and we’re stronger together.

Who We’re Looking for:

  • You’re professional, friendly and courteous in all interactions, whether with co-workers or clients
  • You remain calm even under pressure and perform well in a busy environment
  • You demonstrate an overall business approach that is both customer and results-oriented
  • You’re a team player and adaptable to a changing environment
  • Strong ability to work independently with minimal direction
  • Strong written and verbal communication skills
  • Strong problem solving abilities

Your Responsibilities:

  • Underwriting of contract and commercial surety new business and renewals
  • Maintaining standards of service in business processing
  • Ordering of financial information, references, and other underwriting information for use in your analysis of risk assessment and decision-making
  • Negotiating the terms and conditions of risk acceptance with brokers
  • Developing and maintaining positive broker relations
  • Provide mentoring and referral support to junior staff
  • Frequent direct communication with contractors, lawyers and various Obligees across Canada
  • Maintain strict confidentiality with regards to individual accounts and tendering activity
  • Conduct broker, contractor and site visits

Your Skills & Experience:

  • University degree or a college diploma (preferably in Commerce, Accounting or Finance)
    or the CIP designation is required 
  • Preference will be given to applicants with a minimum of 2-4 years Surety underwriting experience
  • Experience in interpreting legal contracts
  • Experience in analyzing financial statements
  • Must have excellent communication and organizational skills
  • French would be an asset

What You’ll Experience:

  • An incredible team of smart, diverse, and supportive people that want to help you be better at what you do
  • Great benefits, ongoing education, and competitive pay
  • Unexpected perks to keep things fun


Apply on our corporate careers website: To complete the online application process, you’ll need to upload your resume before you apply for the role you’re interested in. Please note that only one document can be uploaded, so be sure to combine your resume and cover letter.

Contact Information

Economical Insurance
519.570.8500 ext.42905