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| POSITION DESCRIPTION | BANKING & FINANCE INDUSTRIES OCTOBER 2008 |
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Underwriter |
| Position Code: | 560 | | Career Level: | 3 |
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Responsible for
Underwriting profitable, ethical and commercially sound mortgages. |
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Reports To
Underwriting Manager. |
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Supervises
No supervisory responsibilities. |
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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 of individual authority.
Performing administrative duties essential to the efficient completion of new business applications and the maintenance of up-to-date information.
Identifying process improvements to improve quality, service and cost efficiency.
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Key Skills
Demonstrated knowledge of underwriting practices and procedures.
Effective written and oral communication.
Mathematical 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
2-3 years experience in underwriting, having held a lending authority for a minimum of 2 years, coupled with relevent tertiary qualifications. |
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