Insurance Underwriter

Job Description

We are seeking a qualified Insurance Underwriter to join our dynamic team in Sydney. The ideal candidate will be responsible for reviewing and evaluating commercial insurance applications and determining appropriate coverage for risks. We are looking for an individual who can confidently analyze risk factors and make pricing recommendations based on comprehensive risk assessment.

Responsibilities

• Conduct comprehensive risk analysis on insurance applications.
• Determine terms and conditions of insurance coverage, calculating premiums accurately.
• Engage with clients and brokers to negotiate terms and clarify coverage details.
• Ensure adherence to regulatory guidelines and industry standards.
• Propose underwriting strategies to mitigate risks where necessary.
• Prepare reports and presentations for management review regarding underwriting outcomes.

Requirements

Education

• Bachelor's degree in business, finance, or a related field
• Master's degree is a plus

Experience

• 3+ years of experience in underwriting or risk assessment

Technical Skills

• Insurance software proficiency
• Market analysis

Soft Skills

• Problem-solving
• Team collaboration

Certifications

• Australian and New Zealand Institute of Insurance and Finance (ANZIIF)
• Qualified Insurance Professional (QIP)

Languages

• English: Fluent

Advantageous

• Experience working with brokers and agents: Prior exposure to collaboration with brokers to streamline the underwriting process.
• Knowledge of state and federal regulations: Understanding legal requirements affecting insurance underwriting.

Benefits

• Comprehensive health insurance along with ancillary benefits.
• Generous superannuation contributions.
• Annual performance bonuses based on company success.
• Access to a supportive and engaging workplace culture.

Company Culture

• Continuous Learning: We encourage personal and professional growth through various training programs.
• Community Engagement: We invest in our community through volunteer programs and partnerships.
• Work-Life Balance: We prioritize a healthy work-life balance for our employees.