Equipment Breakdown Underwriter
Share
Job Location:
Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Equipment Breakdown Underwriter
Job No: 678582
Sydney - Inner Suburbs & CBD
Permanent Full Time
Insurance
Pay Band 4
- Contribute to shaping underwriting decisions that support customer and broker outcomes
- Develop your expertise in a supportive knowledgeable underwriting community
- Actively collaborate across the team the State and the broader business to support the achievement of strategic goals and action plans
- Permanent role Sydney CBD location/ hybrid wfh
About the Role:
The Underwriter 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).
The role contributes within the State 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 in collaboration with Distribution colleagues will grow and develop key intermediary relationships and deliver exceptional customer service. The role collaborates with other teams removes any blockages to performance escalates issues and proactively looks for ways to simplify and improve the underwriting process.
What Youll Do:
- 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
- Working with State Intermediary teams to enhance and maintain strong intermediary relationships and engagement.
What Youll Bring:
- Minimum of 3 years of experience in the Insurance market - Desired
- 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 determines their acceptability in comparison to risk appetite for each customer.
If you require any support and adjustments to participate equitably in our recruitment process or in the workplace we encourage you to contact for a confidential conversation.
Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Daylight Time
Dont see a job for you
Dont see your dream job posted No problem sign up for job alerts and well let you know once something becomes available.
Sign Up Today
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
