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| POSITION DESCRIPTION | BANKING & FINANCE INDUSTRIES OCTOBER 2008 |
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Underwriting Manager |
| Position Code: | 550 | | Career Level: | 5 |
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Responsible for
Managing a team of Underwriters in underwriting profitable, ethical and commercially sound mortgages which may be outside normal guidelines. |
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Reports To
Chief Operating Officer, Chief Underwriter. |
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Supervises
Senior Underwriters, Underwriters. |
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Main Activities
Managing, training and developing underwriting employees.
Analysing, evaluating and rating risk for new and prospective groups, including drafting underwriting proposals ensuring decisions are within guidelines and meet service standards.
Managing quality control for underwriting by assessing, recommending authority levels, training needs, developing workflow, service standards and processes.
Providing appropriate decision making for exceptions, referral underwriting and having involvement in complex financial cases, including the interpretation of evidence.
Overseeing cases that exceed Underwriter's authority levels.
Providing education and coaching to Underwriters in underwriting issues.
Waiving marginal requirements.
Interpreting and applying state legislation in regard to underwriting procedures and their continual development.
Initiating product and procedural development.
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Key Skills
Demonstrated knowledge of underwriting practices and procedures
Management expertise.
Effective communication, mathematical and presentation skills.
Strong customer service skills.
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Internal Contacts
Chief Operating Officer, Chief Underwriter, Branch staff, Sales Managers, Customer service staff, Settlements team. |
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External Contacts
Brokers, Valuers, Solicitors |
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Typical Experience
At least 5 years experience as an Underwriter with at least 1 year of supervisory experience, coupled with relevent tertiary qualifications. |
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