Senior Manager - Insurance Risk

Avant Mutual Group; Sydney; Hybrid; AUD 140,000 - 210,000; Full time

Benefits offered by this job

Flexible hybrid working arrangements

Competitive remuneration and benefits

Education, research and training

Job summary

Avant Mutual Group is seeking a specialist second-line risk professional to provide independent oversight across underwriting, pricing, claims, reinsurance and reserving activities. You will lead risk assessments, assurance reviews and monitoring while collaborating with actuarial, pricing and claims teams.

You will strengthen risk management practices, support governance forums and deliver practical risk advice to senior leaders.

Qualifications

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

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.

Skills

7+ years risk

APRA environment

Insurance risk

Risk assessments

Stakeholder engagement

Analytical skills

Education

Commerce/Finance/Risk degree

RMIA/ANZIIF/FIAA/CA

Job description

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