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About the Role
Underwriter is responsible for underwriting new and existing business portfolios within set guidelines, authority levels, and service standards, maintaining a professional approach and ensuring profitable underwriting for Arch Insurance.
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 organisational guidelines.
- Work with other stakeholders to maximise underwriting opportunities, minimise 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 centres and identify cross-sell opportunities.
- Comply with relevant laws and regulations, industry codes and Arch organisation 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 efficiently and effectively, adhering to required processes.
- Ensure all relevant correspondence is saved on relevant systems and that underwriting notes, thought processes, and rating are clearly detailed.
- Respond to enquiries/requests from brokers within agreed service standards.
- Ensure reporting spreadsheets are up to date.
- Travel as required by the business.
- Collaborate effectively with other business units.
- Adhere to company’s policies, procedures and local guidance as well as legislation.
- Perform other reasonable duties as directed by the business, within the scope of the role.
Requirements
- Minimum 2 years of experience in a same or similar role.
- Experience working in the financial services, ideally with knowledge of the legislative framework.
Skills
- 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).
- Organised 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 prioritise 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.
Location
- Australia
Work Type
- Full-time
Experience Level
- Minimum 2 years
Education Level
- Tertiary qualifications - desirable but not essential.
About the Company
- 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 Possibility℠.
- 16200 Arch Underwriting at Lloyd's (Australia) Pty Ltd