Specialist, Insurance Risk Specialist, Insurance Risk …

IAG
in Sydney, New South Wales, Australia
Contract, Full time
Be the first to apply
Competitive
IAG
in Sydney, New South Wales, Australia
Contract, Full time
Be the first to apply
Competitive
Specialist, Insurance Risk
#CLOSER #BRAVER #FASTER
The Role
The purpose of the role and your unique contribution is to document and maintain efficient and effective insurance risk frameworks, monitor compliance with these frameworks and adherence with the IAG Group Insurance Risk Framework, provide insurance risk insights, and, implement and oversee consistent licensing across the Australia Division, as well as contribute to the improvement of Product and Pricing's risk maturity.

Key Responsibilities
  • Maintain efficient and effective insurance risk frameworks
  • Conduct the scheduled programmes of review and reporting in line with the insurance risk operating framework
  • Develop and maintain relationships and communication with key internal and external stakeholders to ensure adherence to policies and procedures
  • Relationship management and interaction with Risk, Compliance and Legal teams
  • Monitor the Division's adherence with the Group Insurance Risk Framework and the Business Division Licence through the coordination and completion of the Insurance Standards Self-Assessment (ISSA)
  • Record and track actions required to close adherence gaps with the Group Insurance Risk Framework and Business Division Licence
  • Maintain governance of the Portfolio Licensing Framework to ensure underwriting licences are issued consistent with delegated underwriting authorities via LARS (Licence Authority Register System), and Portfolio Licences are issued for each Segment and Product
  • Administration of LARS and performance of the application
  • Governance through adherence to Group policies
  • Document and maintain the insurance risk frameworks, policies and procedures including document management, version control and the document management repository
  • Review Insurance Risk breaches consistent with regulatory and internal insurance risk practices
  • Drafting of policy and procedural documentation for relevant frameworks
  • Support for all Insurance Risk Reporting for the Division
  • Promote embedding of Insurance Risk in the Division
  • Support coordination and execution of risk management processes
  • Validate risk reporting and ensure timely incident management reporting and escalation
  • Facilitation of key insurance risk processes to key projects
  • Promotion of a pro-active risk management culture
  • Cascade divisional key risk indicators
  • Ensure risk management strategy requirements are fulfilled
  • Input into risk artefacts for Business Unit and Division (where appropriate) - Business Continuity Plan; Business Licences; etc.
  • Develop and maintain relationships and communication with key internal and external stakeholders to ensure adherence to policies and procedures
  • Relationship management and interaction with Risk, Compliance and Legal teams

Skills & Experience
  • Extensive insurance industry experience, preferably in Underwriting or Claims, with the ability to demonstrate a level of knowledge and skills reflective of an insurance specialist who has progressed within specialist technical, governance, risk and/or operational management positions of increasing responsibility (essential)
  • Proven experience managing insurance risk frameworks in a way that engages with, and meets business needs and objectives (essential)
  • Strong written and verbal communication skills (essential)
  • Develop, foster and leverage key relationships (essential)

About Us
At IAG, we believe that everyone has a unique point of view to share, shaped by their life experiences, cultures & passions. We celebrate and commit to:
#Proud to be me - we value difference, not sameness
#Together - harnessing our collective wisdom enables us to be our best for our customers & each other
#No boxes - it's not about labels, boxes or categories. It's about building a diverse and inclusive mindset into everything we do
IAG is the largest general insurance group in Australia and New Zealand, with a growing presence in Asia. IAG owns some of the region's most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC, WFI and Swann Insurance.

Let's Talk
Start your career journey with us and click 'Apply'! Appliocations Close Friday 15th
In addition to a diverse and inclusive culture, some of our benefits include 13% superannuation, 50% insurance discounts, flexible work and leave options, generous parental leave and return to work program, recognition and reward program, and various corporate partner discounts.
We encourage Aboriginal and Torres Strait Islanders to apply for this position.

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