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Underwriter Engineering

Suncorp Group Sydney, Australia
Posted 7 days ago Permanent Competitive
Underwriter Engineering
  • Permanent role
  • Contribute to a strong collaborative and supportive culture with a focus on underwriting profitability
  • Work with the State Intermediary team to enhance and maintain strong intermediary relationships and engagement
  • Work from home and office
  • Sydney CBD location

The Underwriter Engineering 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.

Key Responsibilities include but not limited to:
  • 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

Skills & Experience:
  • 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
  • An understanding of relevant Insurance products, industry, market environment, reinsurance structures and customer segment
  • Ability underwrites 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.

Culture:

Working as part of the Suncorp Group you will have access to an unparalleled range of job opportunities across insurance, banking, wealth management and corporate services. We promote a high-performance culture where people are rewarded for effort and dedication. We recognise 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.

Employee benefits | Suncorp Group

If this role sounds like the challenge you have been looking for please submit an application online today. For more information please contact Annette_frasca@suncorp.com.au

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, and where our people feel included, valued and connected. 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.

If you require any support and adjustments to participate equitably in our recruitment process or in the workplace, we encourage you to contact Annette_frasca@suncorp.com.au for a confidential conversation.
Job ID  672266
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