Executive Underwriter, Surety - National Accounts Reports To: Head of National Accounts, Surety Canada (Head Office) Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company.

We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks.

At Liberty Mutual

Canada, diversity is about all of us. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.

A premier flexible work setting (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance Competitive health & dental benefits plan Market-leading pension plan Competitive time off policy Employee & Family Assistance Programs An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion Liberty Mutual Canada is seeking a Surety Executive Underwriter for our National Accounts’ team to join our Toronto office. Leveraging your strong relationship-building skills, you will develop and maintain long-term partnerships with brokers and clients, focusing on sustainable growth rather than transactional sales. You will apply your financial and business acumen to conduct in-depth credit underwriting, perform financial and risk analysis, and make informed decisions on both new and existing accounts.

Liberty Mutual

Surety, a business unit of Liberty Mutual Insurance, is the largest global Surety provider. Operating in over 60 countries through a network of subsidiaries and fronting relationships, we support construction firms, manufacturers, suppliers, and commercial enterprises. We are committed to building mutually profitable relationships through smart business solutions, ease of doing business, and consistent, responsive service.





We also take pride in fostering a diverse workforce and supporting the communities we serve worldwide. Serve as a trusted advisor to clients and brokers by providing strategic underwriting guidance, reviewing account performance, and identifying opportunities to enhance portfolio profitability and growth. Develop, manage, and grow a diversified surety portfolio while building and maintaining strong relationships with clients, brokers, and key industry stakeholders.

Execute portfolio growth strategies aligned with underwriting appetite, business objectives, regulatory requirements, and established underwriting guidelines. Conduct comprehensive financial analysis of private and public organizations, including evaluation of financial statements, cash flow, interim reporting, and work-in-progress schedules to assess risk, establish underwriting positions, and monitor emerging trends. Develop and implement risk mitigation strategies, account action plans, and exit strategies for accounts demonstrating adverse financial or operational performance.

Analyze risk exposures and structure appropriate surety solutions, terms, conditions, and capacity based on financial strength, operational performance, industry trends, and economic conditions. Manage an assigned book of business by evaluating quantitative and qualitative risk factors to ensure portfolio quality, profitability, and long-term sustainability. Exercise sound underwriting judgment and delegated authority while ensuring compliance with corporate guidelines, risk management standards, and underwriting governance requirements.

Investigate and resolve complex underwriting, accounting, and operational issues in accordance with Liberty Mutual Surety's underwriting philosophy, policies, and procedures. Collaborate with cross-functional partners, including underwriting, claims, finance, legal,



and distribution teams, to deliver exceptional client service and achieve business objectives. Ensure compliance with applicable laws, regulations, internal policies, and the Underwriting Controls Framework while maintaining the highest standards of underwriting integrity.

Contribute to account planning, relationship management, cross-selling initiatives, strategic projects, and continuous improvement efforts. Travel - as required to support business objectives, including client meetings, conferences, and company events. Bachelor's degree in Finance, Accounting, Business, Economics, or a related field, or an equivalent combination of education and Surety underwriting experience. ~7+ years of progressive Surety underwriting experience, including strong Contract Surety expertise and a proven ability to manage complex risks and portfolios. ~ Advanced financial analysis and risk assessment skills, including the ability to evaluate financial statements, credit profiles, cash flow, and industry trends to make sound underwriting decisions. ~ Strong negotiation, communication, and presentation skills, with the ability to influence and build credibility with clients, brokers, and senior stakeholders. ~ Strong understanding of technical Surety underwriting principles, risk management practices, and regulatory requirements. ~ Proficiency in Microsoft Office Suite, particularly Excel, Word, PowerPoint, and Outlook.

Target Hiring Range: CAD $140,000 – 173,000 Final offers will be determined based on each candidate's qualifications, relevant experience, internal equity, and the needs of the role. The posted range does not include variable compensation (bonus), allowances, or benefits.

Liberty Mutual

Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs. . #

📌 Executive Underwriter, Surety, National Accounts (Toronto)
🏢 Liberty Mutual Canada
📍 Toronto