Senior Underwriter - Corporate and Commercial Property
Vero Insurance
2d ago

About Us

Suncorp is a leading financial services provider in Australia and New Zealand, enabling more than nine million customers to better protect and enhance their financial wellbeing.

With a heritage dating back to 1902, we have grown to become a top-20 ASX-listed company with over 13,000 people. We offer banking, wealth management and insurance products and services through our well-recognised brands including Suncorp, AAMI, GIO, Apia, Shannons and Vero, as well as those from our partners

Role Description :

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.

Key Responsibilites :

  • 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
  • Underwrite using approved tools and in complete alignment with agreed underwriting processes and guidelines
  • Engage with Senior Underwriters, Technical Specialists and Underwriting Managers for complex decision making, advice and feedback.
  • Perform any additional tasks as required to contribute to the delivery of the Commercial Portfolio strategy or State business priorities.
  • Key Requirements : Qualifications


  • Relevant degree in Business, Commerce, Insurance or related field - Desired
  • Experience

  • 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
  • Specialist Capabilities :

  • Understanding of relevant Insurance products, industry, market environment, reinsurance structures and customer segment
  • Underwrites in accordance with Risk Appetite, Delegated Underwriting Authority (DUA), Underwriting Guidelines and Business Licence
  • Use technical product knowledge to set terms and conditions and determines their acceptability in comparison to risk appetite for each customer
  • Adheres to DUA and escalates with recommendations to higher DUA holder when appropriate
  • Understanding and utilisation of underwriting tools, resources, processes and guidelines
  • Ensures quotes comply with underwriting acceptance criteria
  • Understanding of relevant product Treaty and Facultative Reinsurance structures and placement
  • Confidently discuss product fundamentals, risk appetite and communicate underwriting decisions to brokers
  • Identifies potential problematic risk specific exposures and risk management issues and communicates to the broker and / or customer
  • Apply before Sunday 25th October to be considered

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