Commercial Underwriting Specialist

5 days ago

Sydney, New South Wales, Australia Suncorp Group Full time
About Suncorp Group

We are a leading Australian and New Zealand general insurance, life insurance, superannuation and banking group. Our goal is to create a better future for our customers and communities by delivering exceptional service, innovative products and making a positive impact on society.

Salary & Benefits

The estimated salary range for this role is $80,000 - $110,000 per annum, plus benefits.

Job Description

The Underwriter Profin 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).

This crucial role contributes 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 Profin role involves growing and developing key intermediary relationships, delivering exceptional customer service, collaborating with other teams, removing any blockages to performance, escalating issues and proactively looking for ways to simplify and improve the underwriting processes.

Key Responsibilities
  • 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
Requirements
  • Minimum of 3 years of experience in the Insurance Market is desirable
  • Demonstrated ability to influence in the commercial Broker and Adviser insurance market to achieve mutually beneficial outcomes
  • Ability to determine referral or escalation of risks outside of appetite
  • Ability to underwrite in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines and Business Licence
  • Knowledge of relevant General Insurance practices and policies
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
  • Prioritise your work/life balance with our robust employee assistance program and dedicated employee council

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