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| POSITION DESCRIPTION | LIFE INSURANCE & SUPERANNUATION INDUSTRIES SEPTEMBER 2008 |
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Underwriter |
| Position Code: | 815 | | Career Level: | 3 |
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Responsible for
Underwriting profitable, ethical and commercially sound insurance. |
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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.
Managing outstandings - raising requirements, following-up and matching with application on receipt.
Performing plan maintenance and other administrative duties essential to the efficient completion of new business applications and the maintenance of up-to-date information.
Participating in identifying process improvements to improve quality, service and cost efficiency.
Liaising with VIP agents, Chief Medical Officer and Reinsurers.
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Key Skills
Demonstrated knowledge of underwriting practices and procedures.
Effective written and oral communication, mathematical, presentation and analytical skills.
Knowledge of medical terminology.
Customer Service Orientation.
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Internal Contacts
Chief Underwriter, Manager, Underwriters, Branch staff, Sales Managers, Customer Service. |
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External Contacts
Agents, Advisers. |
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Typical Experience
At least 3 years of experience as a Risk Insurance Underwriter, together with relevant tertiary/insurance qualifications. |
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