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Risk Underwriter

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QBE Insurance

Nov 5, 2024

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You must underwrite credit limits, manage SME traffic, maintain compliance, support colleagues, and identify improvement opportunities while adhering to procedures and policies.
  • You will underwrite credit limits, manage client portfolios, support colleagues, ensure compliance, and identify process improvements while monitoring and reviewing exposures and limits.

Requirements

  • Underwrite low value credit limits for policy holders and new business proposals in accordance with the departmental procedures and authority limits
  • Undertake the administration and action within authority of monitoring and reviewing as required for exposures in line with departmental procedures
  • Support of colleagues in any sector as required in providing credit limit support
  • Underwrite Comprehensive, Selective and Bespoke credit limits for policy holders and new business proposals in accordance with organizational policy or Distribution Agreement and underwriting standards
  • Manage SME Approve volumes offshore, and will have scope as follows:
  • Credit limit requests for existing and new business for trade sectors
  • Manage all SME Approve client limit traffic
  • Manage reviews and monitoring tasks on buyers
  • Manage assigned Risk portfolio
  • Maintain product, system and process knowledge
  • Compliant with QBE policies, procedures and relevant legislations
  • Compliant with Process Documentation and related work instructions are maintained in accordance with QBEs governance and internal audit requirements
  • Identify continuous improvement opportunities across Quality and Underwriting Process

Responsibilities

  • Underwrite low value credit limits for policy holders and new business proposals in accordance with the departmental procedures and authority limits
  • Undertake the administration and action within authority of monitoring and reviewing as required for exposures in line with departmental procedures
  • Support of colleagues in any sector as required in providing credit limit support
  • Underwrite Comprehensive, Selective and Bespoke credit limits for policy holders and new business proposals in accordance with organizational policy or Distribution Agreement and underwriting standards.
  • Manage SME Approve volumes offshore, and will have scope as follows:
  • Credit limit requests for existing and new business for trade sectors
  • Manage all SME Approve client limit traffic
  • Manage reviews and monitoring tasks on buyers
  • Manage assigned Risk portfolio
  • Maintain product, system and process knowledge
  • Compliant with QBE policies, procedures and relevant legislations
  • Compliant with Process Documentation and related work instructions are maintained in accordance with QBEs governance and internal audit requirements
  • Identify continuous improvement opportunities across Quality and Underwriting Process

FAQs

What is the primary responsibility of a Risk Underwriter?

The primary responsibility of a Risk Underwriter is to underwrite low value credit limits for policy holders and new business proposals in accordance with departmental procedures and authority limits.

What types of credit limits will I be underwriting?

You will be underwriting Comprehensive, Selective, and Bespoke credit limits for policy holders and new business proposals, in alignment with organizational policy or Distribution Agreement and underwriting standards.

Will I need to manage a portfolio?

Yes, you will be responsible for managing an assigned Risk portfolio, which includes overseeing credit limit requests and monitoring buyers.

What qualifications or knowledge should I have for this position?

You should maintain product, system, and process knowledge relevant to underwriting, and ensure compliance with QBE policies, procedures, and relevant legislation.

Are there opportunities for continuous improvement in this role?

Yes, you are expected to identify continuous improvement opportunities across Quality and the Underwriting Process.

How can I apply for this position?

To submit your application, click "Apply" and follow the step-by-step process.

Does QBE offer equal employment opportunities?

Yes, QBE is an equal opportunity employer and complies with equal employment opportunity legislation in each jurisdiction it operates.

What is the team structure?

You will be supporting colleagues in various sectors as needed, providing credit limit support collaboratively.

Is experience required for this position?

Although specific experience requirements are not listed, knowledge of underwriting standards and relevant processes is essential.

What are the working hours for this position?

The position is full-time, but specific working hours may depend on departmental needs.

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QBE Insurance

Finance
Industry
10,001+
Employees
1886
Founded Year

Mission & Purpose

QBE is an international insurer and reinsurer listed on the Australian Securities Exchange and headquartered in Sydney. We employ around 13,000 people in 27 countries. Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks, build strength and embrace change to their advantage.