Underwriter, Executive Assurance
Locations: Melbourne, Australia | Sydney, Australia
Time Type: Full time
Posted on: Posted Yesterday
Job Requisition ID: R24_336
With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors, and communities to achieve their greatest potential.
Our work is the catalyst that helps others achieve their goals.
In short, We Enable PossibilitySM.
Role Summary and Purpose
The Underwriter is responsible for underwriting all new and existing portfolio of business within set underwriting guidelines, authority levels, and service standards.
The Underwriter is responsible for maintaining a professional approach in all internal and external stakeholder interactions, managing effective, efficient, compliant, and profitable underwriting for Arch Insurance under a dedicated portfolio/product.
Key Tasks and Responsibilities
Ensure quality of underwriting activities is within limitations of company policy and in accordance with underwriting standards.
Prepare reports on portfolio performance and maintain credit control of business within the portfolio.
Participate in audits, Peer Review Process, and any other compliance requirements.
Ensure all documentation is accurate and complete and conforms with organizational guidelines.
Work with other stakeholders to maximize underwriting opportunities, minimize expenses, and achieve operations and service targets.
Underwrite Executive Assurance products in accordance with Arch Guidelines to ensure profitability and provide a positive contribution to tangible book value for Arch.
Maintain and develop key broker relationships through consistent visitation, ensuring high-level customer service.
Provide timely service of requests and ensure administration of tasks in a timely manner.
Develop and execute new business opportunities interacting with existing and new brokers, including a systematic approach to broker networking.
Work with Senior Underwriters and Management on future product development.
Assist with implementation of distribution strategy with other profit centers and identify any cross-sell opportunities.
Comply with relevant laws and regulations, industry codes, and Arch organization standards.
Apply efficient, effective, and sound underwriting practices to new business, mid-term alterations, and renewal management.
Process and document issuance of new business, renewals, and endorsements ensuring all interactions are performed efficiently and effectively adhering to the required processes for each transaction type.
Ensure that all relevant correspondence is saved on relevant systems and that underwriting notes and thought processes and ratings are clearly detailed in the underwriting notes section.
Respond to inquiries/requests (such as certificates of currency) from brokers within agreed service standards.
Ensure reporting spreadsheets are up to date.
Expected to travel as required by the business.
General Responsibilities:
Collaborate effectively with other business units.
Adhere to company policies, procedures, and local guidance as well as to legislation.
Other reasonable duties as directed by the business, within the scope of the role.
Role Requirements & Skills
Experience working in financial services, ideally with knowledge of the legislative framework.
Experience in the same or similar role - minimum 2 years.
Tertiary qualifications - desirable but not essential.
Demonstrate a proven ability to communicate effectively both verbally and in writing.
Ability to develop and maintain effective relationships with internal and external stakeholders.
Proficient in Microsoft Office Software (Word, Excel, PowerPoint).
An organized and methodical approach to working practices and meeting deadlines.
Knowledge of the Australian insurance regulatory and compliance environment.
Sound analytical skills with the ability to prioritize while maintaining attention to detail.
Enthusiasm and a desire to learn and contribute as part of a team, with the ability to work autonomously when required.
Ability to provide a high level of service to external stakeholders.
Ability to find possible solutions to complex underwriting problems within defined guidelines.
Demonstrable knowledge of underwriting practices and the insurance market.
Do you like solving complex business problems, working with talented colleagues, and have an innovative mindset?
Arch may be a great fit for you.
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Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance, and mortgage insurance on a worldwide basis.
With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.
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