Property Underwriter

3 weeks ago


Melbourne, Victoria, Australia Suncorp Group Full time
About the Role

We are seeking a highly skilled Property Underwriter to join our team at Suncorp Group. As a Property Underwriter, you will play a critical role in underwriting and negotiating individual policy renewals, new business, and mid-term policy adjustments in accordance with the Delegated Underwriting Authority (DUA).

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 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
  • 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 segments
  • Ability to underwrite in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines, and Business Licence
  • Ability to work closely with stakeholders or brokers to understand key business drivers to provide support to mutually grow relationships and income
About Suncorp Group

Suncorp Group is a leading Australian 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.


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