Victorian Managed Insurance Authority (VMIA)

• Senior Construction Underwriter
• Full Time, Ongoing Opportunity

Key highlights

• Central Location - Work in Melbourne CBD within close proximity to Flinders Street.
• Salary Range - $162,081K - $180,090K (total remuneration package inclusive of super).
• Hybrid work environment - Enjoy a mix of office and flexible work arrangements.

About the role

As a Senior Construction Underwriter, you are a key member of the Construction Team working within the Risk, Insurance and Claims Solutions Division. You use your understanding of VMIA client needs and relevant industry experience to provide specialist advice and exercise sound judgement regarding the provision of effective products and service solutions across the Construction portfolio.

This is an exciting, ongoing opportunity for a leader to collaborate with key stakeholders across the business.

Key responsibilities

• Build and maintain specialised and expert knowledge in Construction insurance including product and underwriting practice, wider insurance market offerings and recent legal developments.
• Support the Head of Construction to ensure the availability of a contemporary, best practice product suite that meets the insurance needs across VMIA's entire client base.
• Develop and maintain a working knowledge across various contract delivery models, including Public Private Partnerships (PPPs), design and construct, incentivised and collaborative contracting models including alliances.
• Engage with leaders and other team members in the Construction Team to shape the insurance strategy strategically and proactively for our clients including for our State's major infrastructure projects.
• Work with other team members across a portfolio of clients involved in building the State's infrastructure and will attend client meetings as requested to provide accurate and timely advice.
• Lead as required, the delivery of strategy and programs for our clients including the State's major infrastructure projects.
• Protect the client, product, and program integrity by ensuring the currency and accuracy of policy information is maintained within VMIA systems.
• Develop relationships and networks across the insurance sectors including public and private industry to ensure currency of knowledge, information, expertise, and practice in the VMIA.
• Collate and analyse reports for the routine monitoring of portfolio development, corporate reporting and to inform decision making.
• Collect, maintain and provide recommendations based on underwriting data, data reports within VMIA systems.
• Participate in the development and delivery of insurance related client training programs or presentations at the VMIA or client premises.

Who you work with

• VMIA Clients - you provide a professional standard of service and support to VMIA clients through timely advice and response to all queries as well as policy coverage and endorsements.
• Construction team colleagues - you work collaboratively to build, develop, and continuously improve the VMIA construction insurance solutions.
• Pricing and Capital Management- you work collaboratively with members of this team to set premiums and to develop pricing for products within the various major construction projects.
• Claims Team - you work collaboratively with claims colleagues to ensure construction claims are settled in a fair and reasonable manner and agree on reporting procedures.

What we are looking for

• You have demonstrated experience working within the broking, underwriting or other relevant area of insurance.
• Min 10 years experience in broking or insurance underwriting and a strong working knowledge of general insurance.
• Have sound working knowledge and understanding of market, coverage, policy terms and conditions and exclusions of commercial insurance products is highly desirable.
• Good knowledge of the reinsurance market, including program structures and how to achieve value for money outcomes.
• Have a professional service approach, with demonstrated commercial acumen and skills in data and business analysis.
• You have professional networks with personnel across insurance sectors, public and private industry to build and contribute to the knowledge, information, skills, and practice at VMIA.

Qualifications

• You hold or are working towards tertiary qualifications in a relevant discipline or Insurance professional qualifications is highly desirable.
• You hold membership with ANZIIF, or equivalent body is highly desirable.
• You are governed by the fit and proper person as per APRA guidelines, i.e. not listed on the disqualified persons register (Insurance ACT section 25(A) 1) and is not convicted of a criminal offence or bankrupt.

Why join VMIA?

At VMIA, we believe diversity drives innovation. We are committed to creating an inclusive environment where everyone feels valued and empowered to contribute their unique perspectives.

We offer:

• Flex work: Hybrid working to support your best performance.
• Parenting support: Generous parental leave (14 weeks paid parental leave after six months of service for primary carers and 2 weeks for secondary carers) and breastfeeding-friendly facilities.
• Learning & Development: Annual investment ($2,500) in your growth, with in-house training, and LinkedIn Learning access in addition.
• Wellbeing: Wellness sessions, Employee Assistance Program (EAP), and ergonomic support.
• Culture & Lifestyle: Iconic office location, volunteer leave and life-stage support.
• VMIA encourages applications from candidates of all backgrounds, including Aboriginal and Torres Strait Islander peoples, individuals with disabilities, culturally diverse communities, and members of the LGBTQIA+ community.

How to apply

We invite you to submit your CV and a cover letter. Use these to introduce yourself, highlight your fit for the role, and share why you are excited about joining VMIA. For any questions about the role or application process, please contact us at [email protected].

At VMIA, we are dedicated to fostering an inclusive workplace. We warmly welcome applications from people of all gender identities, Aboriginal and Torres Strait Islander peoples, individuals with disabilities, and those from culturally diverse backgrounds.
If you have any accessibility needs during the recruitment process, please let us know at [email protected].

Salary Information

At VMIA, we offer competitive salaries based on the role's classification and your skills and experience. Typically, new employees start at the minimum of the salary range, however, consideration may be given to starting above the minimum of the band should you demonstrate extensive experience in a similar role or possess unique and desirable skills and capabilities required to perform the role.

Other relevant information

Before starting at VMIA, preferred candidates will complete pre-employment screenings. These assessments may include:

• Working Eligibility: Verification of your right to work in Australia.
• Employment History: Confirmation of your past employment details including employment dates and compensation.
• Academic Credentials: Verification of your educational qualifications to ensure they are accurate and legitimate.
• National Criminal History Check: A check for any criminal record, which may involve manual vetting by ACIC, potentially causing delays.
• Pre-employment Misconduct Check: Used to verify the identity, integrity, and credentials of potential employees and verifies no past misconduct.
• Financial Background Checks: Applicable for certain roles, such as Heads of Departments and Finance team members.

We value a collaborative work environment, so employees are expected to spend the majority of your working week in the office. Candidates from interstate must be willing to relocate to Victoria.