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Salary- Permanent opportunity for an experienced Engineering Underwriter to join the Vero Qld Engineering Underwriting team.
- Contribute to a fun, collaborative and supportive culture with a focus on client service and underwriting profitability
- Coaches and trains Underwriters in all aspects of technical underwriting and delivery
- Brisbane CBD location
The Senior 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.
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) in accordance with the Delegated Underwriting Authority (DUA).
The Senior Underwriter, in collaboration with Distribution colleagues will grow and develop key intermediary relationships, deliver exceptional customer service, and facilitate multiline opportunities. The role collaborates across teams, removes blockages to performance, escalates issues and proactively looks for ways to simplify and improve the underwriting process.
What you'll do (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
- Engage with Technical Specialists, Underwriting Managers, and Practice Leaders for complex decision making, advice and feedback.
- Collaborate and facilitate the growth of multiline opportunities
- Underwrite new business in alignment with current underwriting, selection and pricing guidelines.
- Minimum of 5 years of product underwriting experience preferably in Equipment Breakdown
- Demonstrated ability to influence in the commercial broker insurance market to achieve mutually beneficial outcomes
- Active member and involvement in appropriate industry groups
- Understanding of relevant Insurance products, industry, market environment, reinsurance structures and customer segment
- Ability to underwrite at an advanced level in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines and Business Licence.
Working as part of the Suncorp Group you will have access to an unparalleled range of job opportunities across insurance, banking 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.
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