Underwriter, Finance & Banking

Underwriter – U080625

Department: Underwriting

Type of Position: Full Time, Permanent

Location: 7th Floor, 5160 Yonge Street, Toronto, ON

Reporting to: Manager, Underwriting

Work Model: Hybrid – flexible work schedule (All remote work must be completed from your home office within the province of Ontario.)

Grade: K

About Tarion

Since 1976, Tarion has served new home buyers and new homeowners by ensuring that one of their life’s biggest investments is protected. Almost every new home in the province is covered by a new home warranty. This warranty protection is provided by Ontario’s builders and lasts up to seven years. It is backstopped by Tarion. More than 375,000 homes are currently enrolled in the warranty program.

Every year about 55,000 new homes are enrolled.

How We Make a Difference

A home is one of life’s biggest purchases. As an independent, not-for-profit organization, Tarion provides Ontario’s new home buyers and owners with peace of mind that their purchase is safeguarded through the province’s new home warranty and protection program.

Almost every new home in the province is covered by a new home warranty. Tarion ensures consumer protection by providing free tools, guides and resources to help homeowners understand their builder’s warranty and navigate warranty claims with confidence.
If a builder does not meet their warranty commitments, Tarion offers guidance to help homeowners ensure they receive the coverage they’re entitled to, and when necessary, steps in to help resolve warranty claims.

About the Team

The Underwriting Team assesses applications to sell and build new residential homes in Ontario, whether these are freehold homes or condominiums. The Underwriting Team also addresses application-related inquiries from Vendors and Builders. The Underwriting process involves assessing the financial and technical risks associated with an application, and proposing the appropriate terms and conditions based on the analysis conducted. Areas of focus include financial risk to assess the feasibility of a project and an applicant's ability to meet warranty obligations;

history, to assess past projects and warranty performance; and technical risk, to assess the applicant's technical capabilities vis-a-vis the construction plans proposed. The Underwriting team works in collaboration with various other departments within Tarion to complete risk assessments and to issue terms and conditions.

As an Underwriter, you are a dynamic, customer-focused individual who thrives in a high-volume, collaborative environment. You are risk-minded and have a background in underwriting. You can analyze financial statements, review legal documentation, and provide a summary and recommendations for risk assessments.

This is a hybrid role requiring working two (2) days in the office and three (3) days remotely, per week. (All remote work must be completed from your home office within the province of Ontario.)

Responsibilities include:

• Analyze builder’s performance and financial strength to assess the builder’s risk to determine terms and conditions, including limits and security requirements of the Builder
• Review complex financial structures and credit information for vendor/builders
• Monitor ongoing performance and terms and conditions to ensure compliance
• Provide quality customer service to resolve conflicts between the builder and program requirements
• Resolve/settle registration issues
• Ad-hoc department projects and duties

A great candidate for this position will have:

• University degree or College graduate
• Underwriting background
• 3-5 years’ experience in financial analysis
• Strong organizational and time management skills
• Proven ability to meet strict deadlines and manage multiple priorities
• Demonstrated experience with conflict resolution to win-win outcomes
• Strong negotiation and influencing skills
• Exceptional customer service
• Above average organizational, analytical and problem-solving skills
• Above average proficiency in Microsoft Office, Excel and Outlook programs
• Strong communication skills: verbal and written
• Proven ability to work effectively with a variety of audiences and be a team player
• Demonstrated ability to balance multiple…