Senior Underwriter - Property

At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward. Here, agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen, we champion innovation, value accountability, and thrive on building something better together. If you’re looking to join a team that’s rewriting the future of underwriting, we’d love to hear from you.

Pen Underwriting is a leading underwriting agency, partnering with more than 500 broking businesses and thousands of brokers across Australia. We deliver innovative insurance products and risk solutions across a broad range of insurance classes, backed by highly rated domestic and international insurance and reinsurance partners.

What sets us apart is our combination of deep technical expertise and exceptional service. Our close-knit team of commercial insurance professionals brings together more than 1,000 years of collective underwriting experience, enabling us to provide solutions for complex risks while building trusted, long-term broker relationships.

At Pen, we're proud of our collaborative culture and commitment to customer outcomes. We value diversity, inclusion and community engagement, and foster an environment where our people are empowered to grow, contribute and succeed. It's a workplace built on strong relationships, collaboration and shared success.

The Role:As a Senior Underwriter, you will be responsible for:

• Applying underwriting strategies across targeted industries and occupations to deliver profitable growth.
• Assessing and underwriting new business and renewal opportunities in accordance with Pen Underwriting guidelines and delegated authorities.
• Providing technical underwriting expertise, including risk assessment, coverage analysis, terms, conditions and pricing for new and existing accounts.
• Building and maintaining strong relationships with brokers to drive new business opportunities and maximise renewal retention.
• Collaborating with underwriters across product lines to strengthen broker relationships and identify growth opportunities.
• Acting as a key technical referral point and mentor for underwriters across the team.
• Building and maintaining relationships with capacity providers and other key stakeholders.
• Developing a strong understanding of portfolio performance, market trends and emerging risks to support sound underwriting decisions.

What You’ll bring:

To succeed in this role, you'll bring a positive, proactive attitude along with:

• A minimum of 5 years' commercial property underwriting experience.
• Advanced knowledge of property underwriting principles, tools, processes and guidelines.
• A strong understanding of the Australian insurance market and broker distribution channels, with a proven ability to build and maintain relationships.
• Experience underwriting complex property risks and making sound underwriting decisions within delegated authority.
• Strong commercial acumen and negotiation skills.
• Excellent time management, organisational and prioritisation skills.
• Strong analytical, problem-solving and attention-to-detail capabilities.
• Proficiency across the Microsoft Office suite, particularly Excel, Word and Outlook.

Any offer of employment and subsequent continuing employment is dependent upon the completion of relevant pre-employment background checks. All applicants are required to undergo employment screening through probity checks prior to commencing.

Pen Underwriting is an Equal Employment Opportunity (EEO) employer committed to the principles of workplace diversity and inclusion. We welcome all people regardless of ethnicity, faith, sexual orientation, gender identity and lifestyle choices.

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• 4 weeks annual leave plus up to 2 weeks additional purchased Lifestyle Leave
• Novated Leasing opportunities
• Two paid volunteer days annually
• Health Insurance Discounts with our Group Insurance Plan
• Employee Stock Purchase Program
• Paid parental leave

Other benefits include:

• Flexible and hybrid work arrangements
• Mental Health and Wellbeing Support for yourself and immediate family members
• Employee Recognition Awards and Service Milestone Recognitions
• Peer Support Program
• Annual flu vaccinations
• Access to Reward Gateway – discount offers at over 350 retailers!
• And more...

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.