The underwriting industry is a career choice worth exploring, and hereโs why:
- Dynamic and Meaningful: Play a critical role in assessing risks and ensuring businesses and individuals are protected.
- Supportive and Resilient: Contribute to building safety nets for clients and supporting them during unexpected events.
- Job Stability: Join a secure and essential industry with opportunities both locally and globally.
- Embrace Innovation: Use advanced tools and analytics to assess and manage risk effectively.
- Diverse Roles: Specialise in areas such as property, casualty, life, or reinsurance underwriting.
- Career Growth: Enjoy a clear path to advancement and opportunities to develop your skills further.
- Work-Life Balance: Benefit from flexible working arrangements, wellbeing initiatives, and supportive team environments.
- Make an Impact: Be part of an industry that helps businesses and individuals navigate uncertainties and thrive.
What does an Underwriter do?
As an underwriter, youโll analyse risk and determine the terms of insurance coverage. Youโll assess applications, review data, and decide on appropriate premiums.
Youโll work with a diverse range of risks and industries, from small businesses to large corporations, with opportunities to specialise in areas that interest you. No two days are ever the same in underwriting!
What does your day-to-day look like?
- Risk assessment: Analyse client applications, financial data, and market trends to assess risks.
- Decision-making: Determine insurance terms, including coverage limits and premiums.
- Client and broker communication: Collaborate with brokers and clients to gather information and explain decisions.
- Market research: Stay informed about trends, regulations, and emerging risks in the industry.
- Professional development: Participate in training sessions and pursue further studies, such as ANZIIF or CIP (Chartered Insurance Professional) accreditation.
Whatโs in it for you?
Our clients offer a range of different benefits but here are some of our favourites:
- Opportunities to travel internationally and visit London markets (where insurance all began)
- Wellbeing bonuses and initiatives: wellbeing allowance, onsite massages, yoga classes, gym membership, dedicated mediation rooms, and 9-day fortnight
- Paid day off for your birthday
- Give back/community days
- Young Insurance Professionals: plenty of events and information sessions where you can learn and network with peers in your industry
Weโre looking for someone who has:
- Degree qualifications within the past three years in Business, Finance, Commerce, Economics, Actuarial Studies, or related disciplines. However, if youโve studied something else, weโd still love to hear from you!
- AUS/NZ Citizen or Australian Permanent Resident status
- Strong analytical skills to assess data and make informed decisions
- Attention to detail to evaluate complex applications
- Eagerness to learn and a passion for the insurance industry
Whatโs the Application Process?
- Application: Submit your CV outlining your suitability for the role.
- One-way Video Interview: Receive an email with a link to complete a one-way video interview and a short questionnaire. Complete the Fuse Recruitment registration form.
- Interview with Fuse: Our graduate team will review your application and arrange an interview to discuss your experience and career goals.
- Interview with Clients: Meet with companies to further explore specific positions.
- Start Your New Role: Begin your exciting career as an Underwriter!