Senior Underwriter, Executive Assurance Specialist

4 hours ago


Sydney, New South Wales, Australia Arch Capital Group Full time
{"Role Summary and Purpose": "As a Senior Underwriter, you will be responsible for underwriting new and existing business within set guidelines, authority levels, and service standards. You will also mentor and develop underwriters and report to senior management.", "Key Tasks and Responsibilities": "
  • Underwrite within company policy and underwriting standards.
  • Prepare reports on portfolio performance and maintain credit control of business within the portfolio.
  • Participate in audits, Peer Review Process, and compliance requirements.
  • Ensure accurate and complete documentation and adherence to organisational guidelines.
  • Work with stakeholders to maximise underwriting opportunities, minimise expenses, and achieve operations and service targets.
  • Underwrite Executive Assurance products in accordance with Arch Guidelines to ensure profitability and contribute to tangible book value.
  • Maintain and develop key broker relationships through consistent visitation and provide high-level customer service.
  • Provide timely service of requests and ensure administration of tasks in a timely manner.
  • Develop and execute new business opportunities with existing and new brokers, including systematic broker networking.
  • Work with Senior Underwriters and Management on future product development.
  • Assist with implementation of distribution strategy with other profit centres and identify cross-sell opportunities.
  • Comply with relevant laws, regulations, industry codes, and Arch organisation standards.
  • Apply efficient, effective, and sound underwriting practices to new business, mid-term alterations, and renewal management.
  • Process and document issuance of new business, renewals, and endorsements, adhering to required processes.
  • Ensure relevant correspondence is saved on relevant systems and underwriting notes and thought processes are clearly detailed.
  • Respond to enquiries/requests from brokers within agreed service standards.
  • Ensure reporting spreadsheets are up to date.
  • Business development management, portfolio performance, and profitability.
  • Develop productive long-term relationships with external stakeholders.
  • Contribute and execute Underwriting Strategy.
  • Act as Underwriters' referral point.
  • Expected to travel as required by the business.
", "Senior Team Member Responsibilities": "
  • Assist the manager in supervising team members by providing training, guidance, mentoring, and feedback.
  • Support the manager in overseeing work of junior roles.
  • Act as a local leader, being a role model, and providing guidance to team members.
", "General Responsibilities": "
  • Collaborate effectively with other business units.
  • Adhere to company's policies, procedures, and local guidance as well as to the legislation.
  • Other reasonable duties as directed by the business, within the scope of the role.
", "Role Requirements & Skills": "
  • Experience working in the financial services, with knowledge in legislative framework.
  • Demonstrable ability to grow a profitable portfolio.
  • Experience in same or similar role - minimum 5 years.
  • Tertiary qualifications - desirable but not essential.
  • Demonstrate a proven ability to communicate effectively both verbally and in writing.
  • Ability to develop and maintain effective relationships with internal and external stakeholders.
  • Proficient in Microsoft Office Software (Word, Excel, PowerPoint).
  • An organised and methodical approach to working practices and meet deadlines.
  • Extensive knowledge of the Australian insurance regulatory and compliance environment.
  • Sound analytical skills with the ability to prioritise while maintaining an attention to detail.
  • Enthusiasm and a desire to learn and contribute as part of a team, with the ability to work autonomously when required.
  • Active market presence and strong negotiation skills.
  • Ability to provide a high level of service to external stakeholders.
  • Ability to find solutions to complex underwriting problems within defined guidelines.
  • Demonstrable knowledge of products, underwriting practices, and market dynamics.
", "Company Culture": "At Arch Capital Group, we aim to promote progress and inspire our clients, employees, investors, and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals.", "What We Offer": "We offer a dynamic and collaborative work environment, opportunities for professional growth and development, and a competitive compensation package.", "How to Apply": "If you are a motivated and experienced underwriter looking for a new challenge, please submit your application."}

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