Senior Underwriter, Australia na Pacific Life Re

Job Title

Job Description

The Role

The role of Senior Underwriter, Underwriting & Claims Services, Protection, Australia is to provide high quality underwriting assessments and support key underwriting and claims related activities within the underwriting and claims team in the Australia region.

As a Senior Underwriter you will be working closely with the Manager, Underwriting & Claims Services, Protection, APAC to develop and implement an underwriting and claims proposition that meets both client needs as well as being consistent with PL Re’s strategic focus.

Additionally, as a Senior Underwriter, you will be expected to assist with the management of a portfolio of insurance and UnderwriteMe partner clients.

Duties

Client Referrals (50-80%)
• Provide high-quality assessments of client referrals in line with agreed risk philosophies, exercising judgment to ensure work is conducted within SLAs. This includes approving referrals that exceed the assessor's delegated authority.
• Continuously challenge current practices and improve processes and documentation.
• Leverage all aspects of Chorus, including portal and cross-regional working, to further optimise underwriting and claims activities.

Internal Governance, Training, System Enhancement, Ocean Development (10-20%)
• Maintain awareness and understanding of relevant regulatory changes and their impacts on the insurance and reinsurance markets.
• Maintain knowledge of and contribute to the regular maintenance of risk management policies.
• Identify role-relevant knowledge gaps within the team and deliver appropriate training to ensure all identified gaps are fully addressed, resulting in a more skilled and knowledgeable team.
• Lead or serve as SME for Chorus, with responsibility for continuous efficiency gains and user testing of new functionality.
• Support Ocean development work, including client engagement regarding risk philosophy changes and client-requested enhancements.
• Provide informal and formal mentoring/training to develop team members and may supervise the work of others.

Client Engagement and Training (10-20%)
• Utilise our deep understanding of clients' businesses and market differentiators to enhance relationships through engagement and training, ensuring client loyalty and satisfaction. Leverage this knowledge to strengthen client partnerships, positioning PL Re as market leaders.

Client Auditing and UnderwriteMe Rules Auditing

Audits plans are developed and audits conducted accordingly, including providing support for client activities such as quote due diligence and new client onboarding.
• Participate in, lead, or approve external audits, including the preparation and execution of reports, and the tracking and completion of audit actions. Audit actions include the review and planning of future audits, case referral criteria, cedant authorities, and other related activities.
• UnderwriteMe rules are audited to ensure alignment with risk philosophies and to identify opportunities for improving STA and/or risk selection.

Client Strategy and Solutions
• Play an active role in developing innovative underwriting and claims solutions for key PMF clients, fostering a client-focused and growth-orientated culture. This includes collaborating with Strategic Analytics, UnderwriteMe, Pricing and Client Solutions with a Deal Team mentality to produce desired outcomes.
• Contribute to market strategy by supporting key marketing, business development, and pricing activities including the use of UnderwriteMe data.
• Maintain a strong knowledge of all aspects of UnderwriteMe products and strategy and contribute to the execution of UnderwriteMe’s strategy.
• In collaboration with UnderwriteMe, deliver on the Future of Underwriting and Claims visions including claims engine implementations and supporting the development of the AI Engine.

Qualifications & Experience
– Proven experience working in a life underwriting and claims department in an insurance (or preferably) a reinsurance company environment at a senior level.
– Experience handling underwriting for all major products.
– Competent user status for MS Word, MS Excel and MS Outlook or similar e-mail product.
– Good working knowledge of Life insurance industry regulations.

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

Leave

• 20+5 days of annual leave with option to buy more days

• Fertility leave 

• Generous enhanced parental leave  

Healthcare

• The Company’s Group Salary Continuance Insurance (SCI)/Income Protection (IP) provides you with a continued salary, through monthly Benefit payments, in order to protect your standard of living should you be unable to work due to long term illness, injury or partial/total disability

Wellness

• Subsidized gym membership 

• Access to Employee Assistance Program 

• Time off for volunteering 

• Charitable matching of employee donations 

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please click here to view our company values