Underwriting Specialist
1 week ago
Job Summary
The Underwriting Specialist will collaborate with cross-functional teams to drive business growth and improve underwriting processes. Key responsibilities include underwriting new and renewal business, conducting renewal reviews, and monitoring policy performance to identify opportunities for remedial or corrective underwriting.
Key Responsibilities
- Underwrite new and renewal business within the scope of individual Delegated Underwriting Authority to achieve strategic and financial goals.
- Conduct renewal reviews to ensure business is re-underwritten in alignment with current underwriting, selection, and pricing guidelines.
- 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.
Requirements
- Minimum of 3 years of experience in the Insurance market.
- Demonstrated ability to influence in the commercial Broker and Adviser insurance market to achieve mutually beneficial outcomes.
- An 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.
About Suncorp Group
Suncorp Group is a leading insurance and banking company that promotes a high-performance culture where people are rewarded for effort and dedication. We recognize and value commitment and encourage our people to maintain a healthy balance between their career and personal time. Suncorp has been awarded Employer of Choice for Gender Equality (EOCGE) by the Workplace Gender Equality Agency (WGEA) for seven years in a row.
Our Culture
We believe we are at our best when our workforce is as diverse, talented, and passionate as the communities in which we live and operate. 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.
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