Underwriting Specialist
2 weeks ago
About the Role:
The Underwriter Engineering role is a key position within the Suncorp Group, responsible for collaborating with other teams to drive performance, remove blockages, and proactively seek ways to simplify and improve the underwriting process.
Key Responsibilities:
- Underwrite new and renewal business within the scope of individual Delegated Underwriting Authority to achieve 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 necessary.
- 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.
- 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 provider of insurance, banking, wealth management, and corporate services. We promote 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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