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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: 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. Work closely with stakeholders or brokers to understand key business drivers to provide support to mutually grow relationships and income. Identify and work with relevant stakeholders or brokers to close gaps in existing relationship networks. Drive business objectives by developing productive long-term relationships with customers/stakeholders through rapport, influence, and negotiation. What you'll bring: Minimum of 5 years of product underwriting experience. 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 at an advanced level in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines, and Business Licence. Advanced understanding and utilisation of underwriting tools, resources, processes, and guidelines. Our culture: Working as part of Suncorp, you will have access to an unparalleled range of job opportunities across insurance 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.
If this role sounds like the challenge you have been looking for, please submit an application online today. For more information please contact .
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: 20 Nov 2024 AUS Eastern Daylight Time
Applications close: 04 Dec 2024 AUS Eastern Daylight Time
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