Underwriter at Suncorp Group

, , Australia -

Full Time

Start Date

Immediate

Expiry Date

12 Oct, 26

Salary

0.0

Posted On

14 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Broker Relationship Management, Workers Compensation, Risk Assessment, Policy Management, Pricing Analysis, Stakeholder Influence, Portfolio Management, Financial Goal Realization, Business Development

Industry

Insurance

Description

* Actively manage your broker panel to foster relationships at all levels to gain new business development opportunities and ensure retention * Canberra/Phillip (preferred), Sydney or Melbourne location – hybrid office/ work from home * Permanent role Suncorp, through GIO administer workers compensation across the various states in Australia. The two types of Workers Compensation schemes that GIO operate in are Managed funds and Underwritten. In the Managed Fund schemes GIO only administer the claims management and policies. The risk of profit in these schemes lies with the State Government and GIO is paid a fee for the service of managing the claims and policies. GIO is in Managed Fund in NSW. In the Underwritten schemes GIO set the premium and provision for claims payments for future years and make underwriting profits or losses. GIO underwrite in Western Australia, Australian Capital Territory, Tasmania and Northern Territory. The role is accountable for the profitable growth and retention of Brokers and Customers and realise financial goals for department. This is a market visible role with expectation to develop strong relationships with your brokers to service and profitably grow the business. The role works closely with your Senior Underwriter attending meetings and working collaboratively to maximise profitability of workers compensation accounts. What you’ll do: * Maintain effective policy management standards and procedures, including quoting new business and renewals, accurate processing of new business, renewals and adjustments * Underwrite risks in accordance with the delegation/authorities and standards * Input promptly and accurately process new business, renewals, endorsements and cancellations of policies in accordance with regulations * Support the Senior Underwriting with development and implementation of strategies aimed at growing the business * With your Distribution partner, visit your brokers to meet and set working expectations – ongoing visitation, referral responses and phone contact. What you’ll bring: * Insurance or Business-Related Experience, minimum 1 year workers compensation experience (desired) * Expert knowledge on pricing variables such as burning cost, CEDs and policy extensions relative to risk * Understanding of insurance portfolio drivers across loss ratio and operating costs * Ability to consult and develop sound relationships * Ability to interact and influence key stakeholders. What we can offer you * Discounts of up to 25% on our various Insurance, Banking & Superannuation products * Flexible working environment and arrangements; genuine focus on work-life balance * Numerous discounts with our corporate partners (retail & shopping / travel & holiday / health & wellbeing) * We offer support and various programs for our people: (Employee Assistance Program (EAP), Referral Program ($600), Facilities for nursing mothers, Years of Service Recognition) Employee benefits | Suncorp Group [https://www.suncorpgroup.com.au/careers/benefits] At Suncorp we build inclusion by providing an environment where everyone can be themselves and feel valued, involved and respected for their perspectives and contribution. We believe we are at our best when our workforce is as diverse, talented and passionate as the communities in which we live and operate, and where our people feel included, valued and connected. We are passionate about inspiring our people by creating a diverse, accessible, and inclusive culture, offering flexible work, career development and internal mobility, and building connected relationships amongst our team members and with our customers. If you require any further information, support or adjustments to participate equitably in our recruitment process or in the workplace, we encourage you to contact Annette_frasca@suncorp.com.au [Annette_frasca@suncorp.com.au] for a confidential conversation.

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Responsibilities

Manage broker panels to drive new business development and retention while ensuring profitable growth of workers compensation accounts. Handle policy management tasks including quoting, processing renewals, and underwriting risks according to established authorities.