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Step into a high-level advisory role within a key Government department. We are seeking a Principal Underwriter (AO8) to lead complex risk assessments and provide authoritative insurance advice that impacts a significant state wide portfolio. This is an initial 6-month contract with a strong possibility of extension, offering a seasoned insurance professional the chance to drive strategic outcomes at the intersection of finance, policy, and public service.
Job Responsibility:
Manage Annual Renewals: Oversee the end-to-end premium determination process, ensuring agencies are appropriately covered based on expert analysis of assets and liabilities
Strategic Actuarial Review: Act as the primary interface for the State Actuary, providing expert review of advice regarding future liabilities
High-Level Advisory: Deliver authoritative advice to Government on indemnity aspects of procurement, contractual matters, and policy implementation strategies
Catastrophe Risk Management: Collaboratively design and manage reinsurance program solutions for whole-of-Government catastrophe risks
Performance Monitoring: Analyse claims trends and insurance industry data to identify factors affecting the portfolio's operational health
Stakeholder Engagement: Develop and foster professional relationships with insured agencies and the department's insurance brokers
Governance & Briefing: Prepare complex correspondence, submissions, and ministerial briefings for executive management
Requirements:
Insurance Background: Previous experience in a similar insurance agency, government insurance fund, or large corporate insurance environment
Core Knowledge: A solid grasp of insurance principles and a practical understanding of how renewal processes work from start to finish
Strategic Thinking: The ability to look at complex data like actuarial reports or industry trends and provide clear, insightful advice
Stakeholder Skills: Comfort in engaging with a variety of partners, from internal management to external brokers and agencies
Professional Communication: Experience (or a strong aptitude) for preparing high-quality reports, briefings, or professional correspondence
What we offer:
Discounts at retailers like David Jones, Myer & JB HiFi, Rebel Sport, Woolworths, Hoyts cinemas and many more
A free Employee Assistance Program offers you and your family support
Access to your payslips at the click of a button via our MyRandstad App