Underwriter, Executive Assurance

Arch Insurance Group Inc.; Sydney; On-site; AUD 90,000 - 130,000; Full time

Job summary

Arch Insurance Group Australia in Sydney is seeking an experienced Underwriter to manage a diverse portfolio under defined guidelines, ensuring profitable and compliant underwriting. You will work with brokers and internal teams to deliver timely, high-quality service.

The role requires strong communication, regulatory knowledge, and the ability to develop relationships with brokers, support product development, and contribute to Arch’s goals.

Qualifications

• Proven ability to communicate effectively with internal and external stakeholders.
• Knowledge of Australian regulatory and compliance environment.
• Experience in underwriting within financial services.
• Minimum 2 years in a similar role.

Responsibilities

• Underwrite new and existing portfolio following guidelines and authority levels.
• Prepare portfolio performance reports and maintain credit control.
• Participate in audits and compliance processes.
• Develop broker relationships and provide high-level service.
• Collaborate to maximize underwriting opportunities and control costs.

Skills

Communication skills

Stakeholder relationships

MS Office

Organised approach

Regulatory knowledge

Analytical skills

Teamwork/autonomy

Customer service

Problem solving

Underwriting knowledge

Education

Tertiary qualifications

Tools

MS Office

Job description

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℠.

Role Summary and Purpose

Underwriter is responsible for underwriting all new and existing portfolio of business within set underwriting guidelines, authority levels and service standards.

Underwriter is responsible for maintaining a professional approach in all internal and external stakeholder interactions, managing effective, efficient, compliant and profitable underwriting for Arch Insurance under dedicated portfolio/ product.

Key Tasks and Responsibilities

• Ensure quality of underwriting activities is within limitations of company policy and in accordance with underwriting standards.
• Prepare reports on portfolio performance and maintaining 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 that customer service is provided on high level.
• Provide timely service of requests and ensure administration of tasks in timely manner.
• Develop and execute new business opportunities interacting with existing and new brokers. This includes 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 any 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 ensuring all interactions are performed in an efficient & effective manner adhering to the required processes for each transaction type.
• Ensure that all relevant correspondence is saved on to relevant systems and that underwriting notes and thought processes and rating are clearly detailed in the underwriting notes section.
• Respond to enquiries/requests (such as certificates of currency) from the brokers within agreed service standards.
• Ensure reporting spreadsheets are up to date.
• Is expected of travel as required by the business.

General responsibilities

• Collaborate effectively with other business units.
• Adhere to company’s policies, procedures and local guidance as well as to the legislation.
• Other reasonable duties as directed by the business, within the scope of the role.

Role Requirements & Skills

Skills / Competencies

• Demonstrate a 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).
• An organised and methodical approach to working practices and meet deadlines.
• Knowledge of the Australian insurance regulatory and compliance environment.
• Sound analytical skills with the ability to prioritise while maintaining an 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.

Qualifications

• Tertiary qualifications - desirable but not essential.

Experience

• Experience working in the financial services, ideally with knowledge legislative framework.
• Experience in same or similar role- minimum 2 years.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

16200 Arch Underwriting at Lloyd’s (Australia) Pty Ltd