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| POSITION DESCRIPTION | BANKING & FINANCE INDUSTRIES OCTOBER 2008 |
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Senior Underwriter |
| Position Code: | 555 | | Career Level: | 4 |
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Responsible for
Working at the highest authority limits on assignments requiring the highest degree of technical complexity and coordination. Underwriting profitable, ethical and commercially sound mortgages which may be outside normal guidelines. |
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Reports To
Underwriting Manager. |
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Supervises
May supervise Underwriters. |
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Main Activities
Analysing, evaluating and rating risk for new and prospective groups, including drafting underwriting proposals ensuring decisions are within guidelines and meet service standards.
Determining appropriate risk premiums and communicating non standard underwriting decisions.
Making recommendations to management on accounts outside individual authority.
Overseeing cases that exceed Underwriter's authority levels.
Handling and reviewing large, complex underwriting submissions and annual underwriting reviews.
Providing direction, education and coaching to Underwriters in underwriting issues.
Analysing needs and developing and recommending alternatives for improvements to processes, customer service or products.
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Key Skills
Demonstrated knowledge of underwriting practices and procedures.
Effective written and oral communication skills.
Mathematical, presentation and analytical skills.
Strong customer service skills.
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Internal Contacts
Underwriting Manager, Branch staff, Sales Managers, Customer Service staff, Processing team, Settlements team. |
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External Contacts
Agents, Valuers, Solicitors. |
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Typical Experience
3-5 years experience in underwriting, coupled with relevent tertiary qualifications. |
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