Principal, Underwriting Risk Management

At IAG, we’re ready for you. We're the largest general insurance group in Australia and New Zealand. Our family of brands turns the IAG purpose of making your world a safer place into action by helping everyday Aussies and New Zealanders, supporting their ambitions and making insurance accessible.

This senior risk oversight role provides second line oversight across IAG’s Business Divisions through risk based technical deep dives and assurance activities aligned to the Group Insurance Risk Framework. You will play a critical role in strengthening underwriting and reinsurance risk management by assessing adherence to policy, licence and appetite requirements, and providing clear, constructive challenge where misalignment is identified. Operating at Group level, the role contributes to protecting IAG’s financial position by delivering insight, assurance and continuous improvement across underwriting and reinsurance risk practices.

This is a permanent full-time role based in Gadigal Country (Darling Park 2, Sydney) or Naarm (Melbourne).

What You'll Do

• Deliver second‑line oversight of underwriting and reinsurance risk through targeted deep dives, monitoring and thematic reviews
• Assess divisional alignment to the Group Underwriting Policy and Business Division Licences and monitoring of risk appetite positions
• Evaluate underwriting impacts relating to the regulatory environment (including APRA and RBNZ)
• Design and manage risk‑based deep dive programs incorporating metrics, evidence and risk materiality
• Provide SME advice on underwriting and reinsurance risk settings, limits, KRIs and policy design
• Escalate issues, provide clear insight and recommend improvements to divisions and Group stakeholders
• Support Chief Underwriting Office initiatives and where required support senior roles within Corporate Insurance and Underwriting Governance

What You'll Bring

• Extensive experience in General Insurance, with deep expertise in underwriting and/or reinsurance (commercial long‑tail strongly preferred)
• Strong understanding of underwriting risk across the full value chain, including interaction with reinsurance treaties
• Proven ability to link underwriting and reinsurance decisions to financial, capital and Group risk outcomes
• Demonstrated experience providing risk oversight, technical assurance or SME advice at senior levels
• Highly developed influencing and communication skills, including committee and executive reporting
• Strong written capability for assurance reporting, insights and escalation
• Relevant tertiary qualification and/or professional insurance accreditation, or equivalent industry experience

What We Offer

• Boosted superannuation with 13% as standard.
• 20 days annual leave + 5 days MyLeave (extra leave for what’s important to you).
• Work from home and many more flexibility options with myFlex.
• Up to 50% off personal insurance, including home and motor insurance.
• Partner discounts on private health insurance, tech & appliances, and many more.
• Industry-leading 20 weeks paid parental leave.
• Access to LinkedIn Learning, the award-winning IAG Academy, study assistance and secondment opportunities.

*employment type eligibility criteria apply

Applications close: Thursday 21 May 2026 11:59PM AEST

Adjustments and Support 

If you require any support or adjustments to participate equitably in our recruitment process, we encourage you to reach out to [email protected] for a confidential conversation. 

More About Us 

As part of IAG you'll enjoy a world of career opportunities, a purpose-led place focused on creating connection and belonging, and where you can create meaningful impact every day and grow your career beyond the expected. That’s not just words. It’s our people promise. We're ready for you with unexpected opportunities for your career, your work-life and your ability to make a difference. We celebrate all viewpoints shaped by life experiences and culture, and are guided by the knowledge and voice of Aboriginal and Torres Strait Islander peoples, businesses, and communities. We collaborate on Indigenous-led solutions that enable growth and create meaningful change for our customers and employees.