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Salary- Permanent opportunity 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
- Play an active role in the relationships with Brokers
- Brisbane CBD location
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 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
- 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.
- 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 determines their acceptability in comparison to risk appetite for each customer.
