Senior Manager - Insurance Risk

Avant Mutual; Sydney; Hybrid; AUD 140,000 - 190,000; Full time

Benefits offered by this job

Flexible hybrid working

Professional development opportunities

Competitive remuneration and benefits

Job summary

Avant Mutual is seeking a senior risk professional to provide independent second-line oversight across its medical indemnity insurance activities in Australia. You will work with underwriting, pricing, claims, reinsurance and actuarial teams to identify and manage risk within appetite while assisting decision-making and regulatory compliance.

Reporting to the General Manager, Group Risk & Compliance, you will strengthen risk practices, support governance forums and deliver insightful risk advice

Qualifications

• 7+ years' experience in risk management within financial services, ideally Line 2.
• Experience in APRA-regulated environments such as insurance, banking or super.
• Exposure to underwriting, pricing, claims, reinsurance or actuarial processes.
• Strong risk/control assessments, issue management and assurance experience.
• Knowledge of APRA CPS 220 and CPS 230.
• Excellent stakeholder engagement and business partnering skills.
• Strong analytical ability to translate risk issues into practical recommendations.
• Professional qualifications such as RMIA, ANZIIF, FIAA, CA or similar are highly regarded.

Responsibilities

• Provide independent second-line oversight across underwriting, pricing, claims, reinsurance and reserving.
• Lead risk and control assessments, assurance reviews and control testing.
• Support enhancement of Avant's Risk Management Framework and policies.
• Monitor appetite, KRIs and emerging risks across the insurance business.
• Partner with leaders to provide practical risk advice with independent judgement.
• Prepare risk reporting and committee papers for executive and Board audiences.
• Assess regulatory developments and industry trends impacting the business.

Skills

Risk management

Stakeholder engagement

Analytical capability

Communication skills

Business partnering

Education

Commerce/Finance/Risk qualification

Job description

About the Role

This is a specialist second-line risk role responsible for providing independent oversight, review and challenge across Avant's Medical Indemnity insurance business. Working closely with underwriting, pricing, claims, reinsurance and actuarial teams, you will help ensure key risks are identified, assessed and managed within appetite while supporting effective decision-making and regulatory compliance.

Reporting to the General Manager, Group Risk & Compliance, you will play a key role in strengthening risk management practices, supporting governance forums, and providing insightful risk advice to senior leaders.

Key Responsibilities

• Provide independent second-line oversight and challenge across underwriting, pricing, claims, reinsurance and reserving activities.
• Lead risk and control assessments, assurance reviews and control effectiveness testing.
• Support the ongoing enhancement of Avant's Risk Management Framework and associated policies and standards.
• Monitor risk appetite, key risk indicators and emerging risks across the insurance business.
• Partner with business leaders to provide practical risk advice while maintaining independent judgement.
• Prepare high-quality risk reporting, insights and committee papers for executive and Board-level audiences.
• Assess the impact of regulatory developments, industry trends and emerging risks on the business.

About You

You are an experienced risk professional who understands how insurance businesses operate and can apply sound risk management principles to provide constructive challenge and valuable insight.

You'll bring:

• 7+ years' experience in risk management within a financial services organisation, ideally in a Line 2 risk function.
• Experience working within an APRA-regulated environment such as insurance, banking or superannuation.
• Exposure to insurance risk disciplines including underwriting, pricing, claims, reinsurance or actuarial processes.
• Strong experience conducting risk and control assessments, issue management and assurance activities.
• Knowledge of APRA prudential standards, particularly CPS 220 and CPS 230.
• Excellent stakeholder engagement and business partnering skills.
• Strong analytical capability with the ability to translate complex risk issues into clear, practical recommendations.
• Relevant tertiary qualifications in Commerce, Finance, Risk or a related discipline.
• Professional qualifications such as RMIA, ANZIIF, FIAA, CA or similar will be highly regarded.

About Avant

Avant is Australia's largest medical defence organisation. With an objective to be the business and career partner of its members, Avant provides:

• Medico-legal protection and risk management advisory services.
• Support, advice and legal representation in the event of a claim or complaint.
• Health insurance products.
• Education, research and training programs.
• Various other insurance products spanning cover of medical practices, income, life, disability and travel.
• Advocacy representation for its members collectively where it can make a difference.

Avant has over 90,000 members, 1000 staff and net assets $1.5 billion. Avant is a member owned organisation. Its core objective is to support, protect and defend its members.

Why Join Avant?

At Avant, you'll be part of an organisation with a strong purpose, a collaborative culture and a clear commitment to doing the right thing for our members.

We offer:

• Meaningful work supporting Australia's healthcare profession
• Exposure to a highly specialised insurance environment
• Flexible hybrid working arrangements
• Opportunities for professional development and growth
• A supportive and values-driven culture
• Competitive remuneration and benefits

Equal Opportunity Employer

Avant supports doctors so they can serve Australia's diverse communities. Having diversity in our workforce brings valuable perspectives and strengthens our ability to support healthcare professionals.

We therefore welcome applications from people of all backgrounds, including Aboriginal and Torres Strait Islander peoples, people from culturally diverse communities, LGBTQIA+ individuals, people with disabilities, and those with caring responsibilities.

Our inclusive workplace is somewhere everyone can succeed.