- Permanent role
- Working with State Underwriting and Distribution teams to enhance and maintain strong intermediary relationships and engagement
- Sydney CBD location
The Underwriter performs day to day operational underwriting functions within a State Underwriting team through the underwriting and negotiating of individual policy renewals, new business and mid term policy adjustments in accordance with the Delegated Underwriting Authority (DUA).
The role contributes within the State to the execution of the Commercial Portfolio Strategy through the application of product, pricing, customer retention and acquisition strategies to deliver the targeted Insurance Trading Result (ITR) for the Product(s).
The Underwriter in collaboration with Distribution colleagues will grow and develop key intermediary relationships and deliver exceptional customer service. The role collaborates with other teams, removes any blockages to performance, escalates issues and proactively looks for ways to simplify and improve the underwriting process.
Key Responsibilities include but not limited to:
- Underwrite new and renewal business within the scope of individual Delegated Underwriting Authority to achieve the strategic and financial goals of the Commercial Portfolio strategy
- Conduct renewal reviews to ensure business is re-underwritten in alignment with current underwriting, selection and pricing guidelines and implement corrective or remedial actions when appropriate
- Underwrite new business in alignment with current underwriting, selection and pricing guidelines
- Monitor ongoing policy performance to identify opportunities for remedial or corrective underwriting
- Underwrite using approved tools and in complete alignment with agreed underwriting processes and guidelines.
Skills & Experience:
- Experience in the commercial insurance market preferred
- Demonstrated ability to influence in the commercial Broker and Adviser insurance market to achieve mutually beneficial outcomes
- Understanding of relevant Insurance products, industry, market environment, reinsurance structures and customer segment
- Ability to underwrite in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines and Business Licence
- Ability to use technical product knowledge to set terms and conditions and determine their acceptability in comparison to risk appetite for each customer.
What we can offer:
- A range of flexible working and leave options, including 20 weeks paid parental leave, 4 weeks paid secondary carer parental leave and unlimited paid emergency response leave
- Discounts and offers on a range of retail favourite stores as well as insurance products
- Give back to our communities with payroll giving, donation matching and paid volunteer leave
- Invest in your brighter future with ongoing study support and career development programs; and
- Prioritise your work/life balance with our robust employee assistance program and dedicated employee council
Employee benefits | Suncorp Group
At Suncorp we believe we are our best when our workforce is as diverse, talented and passionate as the communities in which we live and operate, and where our people feel included, valued and connected. We are passionate about inspiring our people by creating a diverse, accessible, and inclusive culture, offering flexible work, career development and internal mobility, and building connected relationships amongst our team members and with our customers.
If you require any support and adjustments to participate equitably in our recruitment process or in the workplace, we encourage you to contact annette_frasca@suncorp.com.au for a confidential conversation.
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Advertised: AUS Eastern Standard Time
Applications close: AUS Eastern Standard Time