Overview
Work Type: Ongoing - Full-time
Salary: Salary not specified
Grade: Grade in advertisement
Occupation: Insurance and superannuation
Location: Melbourne - CBD and Inner Metro suburbs
Reference: VG/1877667
An exciting opportunity in a brand-new role to design and develop innovative risk transfer solutions to address our client’s emerging protection gaps and oversee the execution of VMIA’s reinsurance strategies.
Victorian Managed Insurance Authority (VMIA)
- Reinsurance & Product Development Lead
- Ongoing and Newly Created Opportunity
Key highlights
- Central Location – Work in Melbourne CBD within close proximity to Flinders Street.
- Salary Range – $167,754K - $186,393K (total remuneration package inclusive of super).
- Hybrid work environment – Enjoy a mix of office and flexible work arrangements.
About the role
The Reinsurance and Product Development Lead role is an exciting and newly created opportunity working in our Product Centre team – within the Risk, Insurance and Claims Solutions (RICS) division.
You are accountable for ensuring delivery of prioritised product or solution development opportunities, developing and maintaining frameworks to manage the product lifecycle and delivering reinsurance programs in line with strategic objectives.
The Reinsurance and Product Development Lead role is an exciting and newly created opportunity working in our Product Centre team – within the Risk, Insurance and Claims Solutions (RICS) division.
You are accountable for ensuring delivery of prioritised product or solution development opportunities, developing and maintaining frameworks to manage the product lifecycle and delivering reinsurance programs in line with strategic objectives.
The key responsibilities of the role include:
- Coordinate the development of risk transfer solutions aligned with sector-specific strategies.
- Support data gathering and analysis to inform risk transfer decisions and product design.
- Help develop and maintain frameworks and processes to manage the product lifecycle
- Oversee the design, negotiation, and placement of VMIA's reinsurance programs, including development of reinsurance presentations, submissions and underwriting data.
- Monitor reinsurance performance, ensuring alignment with capital management objectives and product requirements.
- Support reinsurance-related reporting, administration, and major recovery activity as required.
- Lead the delivery of VMIA's annual premium and cover benchmarking.
To be successful, you will need to work collaboratively with Industry Sector Practices and the Service & Delivery teams to support product implementation and client-focused outcomes as well as support a constructive, resilient team culture through collaboration, knowledge-sharing and adaptability.
Who you work with
Internal: Government Sector Practice, Health Sector Practice, Claims Practice, Service and Delivery Practice and Insights & Analytics.
External: Reinsurance broker, Reinsurers, Clients
What we are looking for
Internal: Government Sector Practice, Health Sector Practice, Claims Practice, Service and Delivery Practice and Insights & Analytics.
External: Reinsurance broker, Reinsurers, Clients
What we are looking for
- Strong communication skills (both written and verbal) with your ability to engage and interact and present to a variety of stakeholders across all levels.
- Proven ability to navigate complex environments and stakeholders.
- Experience in developing innovative risk transfer solutions or experience with re/insurance program design and placement.
- Minimum 5 years of relevant general insurance and industry experience.
- Project management experience / qualification. (Desirable)
Qualifications
- Tertiary qualification in Business, Insurance, Risk Management, Actuarial or related field.
- Certified member of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) or equivalent. Fit and proper person under APRA guidelines.
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.
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 (16 weeks paid parental leave after six months of service for primary carers and 2 weeks for secondary carers) and breastfeeding-friendly facilities.
- L earning & 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].
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:
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.
Applications close Monday 25 August 2025 at 11.59pm
Posted
4 August 2025
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