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2019-20 ARPC’s People

ARPC’S People

ARPC’s people make it what it is, enabling ARPC to deliver to its insurer customers. ARPC is committed to promoting diversity across all areas and is proud to support Australia’s indigenous traineeship program through Career Trackers. ARPC acknowledges the dedication and commitment of its 23 staff and thanks them for their continuing efforts.

ARPC is a small organisation with an efficient and cost-effective organisational structure and has all the functions to fulfil its role. In its recent performance audit of ARPC, the ANAO concluded that ARPC has a suitable organisational structure in place to support the scheme’s operations. ARPC staff manage core functions while specialist advice is sourced on areas such as specialist legal advice and the purchase of retrocession reinsurance.

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Senior executive team

Dr. Chris Wallace, Chief Executive

BEc (Hons), PhD (Econ), AMP (INSEAD), ANZIIF Fellow,
CIP, GAICD

Chris Wallace is an insurance executive with experience in general insurance, workers compensation, health insurance, medical indemnity and reinsurance. He has worked extensively in insurance leadership roles within insurers and as a consultant to the insurance industry.

Chris has leadership experience in most aspects of the insurance sector including small specialised insurers and large insurers.

Chris is also a non-executive director and Chair of MIPS Insurance Pty Ltd, a medical indemnity insurer. Through his role with ARPC, Chris is also a member of the OECD High Level Advisory Board for the Financial Management of Large-Scale Catastrophe Risks.

Previous professional roles include being General Manager Workers Compensation at GIO, Executive Director at Ernst & Young, and General Manager Benefits Management at HCF.

ARPC is a member of the International Forum for Terrorism Risk (Re) Insurance Pools, where Chris is also President of IFTRIP for 2020.

Chris has a Doctor of Philosophy in Economics, specialising in general insurance pricing and strategy. He is a fellow of the Australian and New Zealand Institute of Insurance and Finance, a Certified Insurance Professional, and a Graduate of the Australian Institute of Company Directors.

Janice Nand, General Counsel

BA (Hons) LLB (Hons) LLM, Grad Dip Applied Corporate Governance, PGCert UK & European Copyright Law, FGIA FCIS GAICD

Janice Nand is a lawyer with 30 years’ experience, specialising in employment and administrative law. Janice joined ARPC in February 2019. Janice has extensive experience in corporate governance.

Before joining ARPC, Janice’s previous roles included Director – Report for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry; Partner with HWL Ebsworth, Sparke Helmore and Moray Agnew Lawyers; and in-house counsel with Boeing.

Janice spent the early years of her career in various roles in the Australian Public Service. Janice is the General Counsel and Board Secretary and is also responsible for the governance and compliance function.

Janice holds a Bachelor of Arts (honours), Bachelor of Laws (honours) and a Master of Laws from the Australian National University, a Postgraduate Certificate in UK & European Law of Copyright from King’s College, University of London, and a Graduate Diploma in Applied Corporate Governance from the Governance Institute of Australia.

Janice is admitted as a Solicitor of the Supreme Court of England and Wales, has an unrestricted practicing certificate in New South Wales, is a Fellow of the Governance Institute of Australia, Fellow of the Chartered Institute of Secretaries, and Graduate of the Australian Institute of Company Directors.

John Park, Chief Financial Officer

BEc MBA (Exec) CA ANZIIF (Fellow) CIP GAICD

John Park is a Chartered Accountant and has 25 years’ experience as a finance executive in the insurance and reinsurance industry. John joined ARPC in June 2016. John’s career includes previous roles as Finance Manager for General Re, Financial Controller for HCF, CFO for MGIC, and Financial Controller for Munich Re Australia’s direct insurance business, having commenced his career as an auditor with Deloitte.

John oversees the finance, investments, enterprise risk and crisis response and insurance audit teams.

John holds a Bachelor of Economics from Macquarie University and an Executive MBA from AGSM at the University of New South Wales. He is also a Chartered Accountant, a Fellow and Certified Insurance Professional with ANZIIF and a Graduate of the Australian Institute of Company Directors.

Michael Pennell PSM, Chief Underwriting Officer

BE AMP (Wharton) ANZIIF (Fellow) CIP GAICD

Michael Pennell has almost 30 years industry experience, having held reinsurance management roles with Swiss Re and General Re prior to his role at ARPC. He started his early career as a civil engineer.

Michael assists insurers and brokers to understand the Scheme and is responsible for negotiating and implementing ARPC’s annual retrocession program. Michael also leads various projects that enable ARPC to develop and enhance its catastrophe modelling capabilities.

Michael is the Chair of the Reinsurance Faculty Advisory Board of the Australian and New Zealand Institute of Insurance and Finance and teaches reinsurance at the Institute’s annual Reinsurance Study Course Seminar.

Michael holds a Bachelor of Engineering from the University of Technology, Sydney, has completed the Advanced Management Program at University of Pennsylvania (Wharton School), is a Fellow and Certified Insurance Professional with ANZIIF, and a Graduate of the Australian Institute of Company Directors.

Michael was awarded the Public Service Medal as part of the Australia Day 2017 Honours List for outstanding public service in the development of the terrorism insurance scheme.

Helen Williams, Chief Operating Officer

BA (Hons)

Helen Williams commenced her role with ARPC in October 2019. She has extensive multidisciplinary experience in strategy, technology operations and defence.

Helen joined ARPC from strategy consulting firm Strategy& (part of the PwC network), where she worked as a strategy consultant from 2014. Prior to her work at Strategy&, Helen had over 12 years technology operations leadership experience with Lucent Technologies, Alcatel and Nokia Siemens Networks. Helen’s career also includes service with the Australian Army as a Commissioned Officer.

Helen brings deep experience in leadership, technology operations and stakeholder engagement to ARPC.

Helen holds a Bachelor of Arts (Honours) from the University of Adelaide.

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Human resources

Human Resources (HR) provides people-related advice and support to ARPC leaders and employees. It develops and implements HR strategic plans and policies including:

  • leadership
  • remuneration and benefits
  • engagement and enablement
  • performance planning and review
  • organisational development
  • learning and development, and
  • safety and wellbeing.

The Treasury provides payroll functions under its Memorandum of Understanding (MoU) with ARPC.

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Workforce Composition

ARPC is comprised of 23 employees who contribute toward the achievement of strategic objectives through a blend of general professional and specialised skills and experience. The 23 employees are all based in Sydney and comprise 21 full-time roles, one part-time role and a part-time intern. As at 30 June 2020, there were two vacant positions.

ARPC’s Diversity and Equal Employment Opportunity (EEO) policies are provided by the Treasury under the MoU. We strive to provide a workplace that demonstrates diversity and EEO through our recruitment processes and ongoing operational activities. We also provide flexible work-life balance opportunities such as working remotely and within extended hours.

As at 30 June 2020, ARPC met the indigenous employment target of 3 per cent set by the Australian Government in response to the Forrest Review through recruitment of an indigenous intern through the Career Trackers program.

The following figure displays the workforce composition by organisational level (classification), gender, cultural background and tenure as at 30 June 2020.

Number of permanent employees by organisational level (classification) and gender (as at 30 June 2020)

Number of permanent employees by organisational level (classification) and gender (as at 30 June 2020)

Included in the above figures is an indigenous-identified internship position.

Length of service as at 30 June 2020

Length of service as at 30 June 2020

Age Diversity as at 30 June 2020

Age Diversity as at 30 June 2020

Cultural Diversity as at 30 June 2020

Cultural Diversity as at 30 June 2020

Strong Employee Performance

The performance objectives are established by all employees at the commencement of each performance year in alignment with strategic organisational objectives. Performance conversations are held frequently during the year, and formal discussions are held both mid-year and on conclusion of the performance period. The aim of the performance framework is to support an ongoing focus on performance against objectives and to provide timely and meaningful feedback regarding progress whilst also identifying opportunities for improvement, development and growth.

The framework appraises employees on an equal weighting of both outcomes and behaviours:

  • achievement of outcomes against specific role-based objectives, and
  • demonstration of organisational level (classification) appropriate behaviours (based on the Australian Public Service Integrated Leadership System) and ARPC’s values

Supported by Human Resources, final performance ratings are calibrated and finalised during a collaborative leadership team discussion.

Performance for all employees is evaluated based on a five-point rating scale (from 1, ‘not meeting standard’ to 5, ‘exceeds standard’). A satisfactory rating of 3 is required for salary advancement.

In 2019-20 all employees met performance expectations and the majority of employees met standard to a high degree or exceeded standard.

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Employee engagement

ARPC measures employee engagement annually, and in 2019-20 achieved an overall employee engagement score of 60 percentile (vs 67 percentile in 2018-19) within Gallup’s overall global database with an overall satisfaction score of 84 per cent (vs 85 per cent in 2018-19). This was the second year of utilising the Gallup survey to measure employee engagement.

Following the survey, all employees participated in action planning sessions to discuss and agree initiatives to support enhanced engagement. Employees contribute to engagement actions throughout the year on the basis that engagement is a shared responsibility.

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Executive remuneration

Remuneration for key management personnel ($) shows remuneration information for key management personnel in respect of the year to 30 June 2020. Key management personnel comprise Board members and senior executives. Senior executives (SES) receive company superannuation contributions of 9.5 per cent of base salary. Usually, senior executives who demonstrate outstanding performance or contribution are eligible to receive a performance bonus of up to 10 per cent of fixed remuneration. ARPC has implemented wage restraint measures as a result of the COVID-19 pandemic. SES staff will receive no wage increases and bonuses will not be paid for 2019-20. Employment terms and conditions for senior executives are set out in individual contracts.

Remuneration for key management personnel ($)

Name

Position

Short Term Benefits

Long Term Benefits

Total Remuneration

Base
Salary

Bonuses

Other Allowances

Superannuation Contributions

LSL

Ian Carson

Chair

27,954

4,664

3,098

35,716

Janet Torney

Member

13,977

2,100

1,527

17,604

Mike Callaghan*

Member

3,734

2,100

898

6,732

John Peberdy

Member

13,977

4,199

1,727

19,903

Elaine Collins

Member

13,977

3,150

1,627

18,754

Robin Low**

Member

6,348

1,050

703

8,101

Karen Payne***

Member

-–

Maria Fernandez****

Member

2,614

248

2,862

Christopher Wallace

CEO

398,676

41,376

10,984

451,036

Michael Pennell

CUO

294,192

27,999

9,008

331,199

John Park

CFO

285,280

26,181

7,240

318,701

Helen Williams*****

COO

210,061

18,719

4,566

233,346

Janice Nand

GC

239,555

22,712

6,410

268,677

1,510,345

17,263

146,815

38,208

1,712,631

* Mr Callaghan’s term ended on 4 October 2019.
** Ms Low’s term ended on 4 October 2019 and she was re-appointed on 23 April 2020.
*** Effective 6 May 2019 Ms Payne was appointed to the full-time office of Inspector General of Taxation and her remuneration for the part-time office of ARPC Member ceased.
**** Ms Fernandez was appointed on 23 April 2020.
***** Helen Williams commenced employment on 20 October 2019.

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Non-executive employees

The ARPC Enterprise Agreement 2019-22 (the agreement) which sets out the employment terms and conditions for non-executive employees, came into effect on 3 May 2019. In addition to base salary, non-executive employees receive company superannuation contributions at 15.4 per cent of base salary. The base salary classification framework for non-executive employees can be found on the website at www.arpc.gov.au/resources-2/ips/arpc-pay-and-grading-structure-2019-2022/.

Non-executive employees who demonstrate outstanding performance or contribution are eligible to receive a performance bonus of up to 10 per cent of fixed remuneration. ARPC has implemented wage restraint measures as a result of the COVID-19 pandemic. This means there will be no bonuses paid for 2019-20.

Remuneration for other highly paid non-executive staff ($)

Remuneration Band

No. of Senior Executives

Short Term Benefits

Long Term Benefits

Total Remuneration

Average Base Salary

Average Bonuses

Average Other Allowances

Average Superannuation Contributions

Average LSL

Average Total Remuneration

225,001-250,000

1

186,580

600

34,173

4,987

226,340

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A learning and development organisation

ARPC is committed to providing technical and professional development for all employees to expand their capability and knowledge through a blend of on-the-job learning, exposure and experience and formal learning.

Development programs attended by employees during the year include:

  • Internal ARPC policy awareness sessions
  • Introduction to Reinsurance Workshop
  • Insurance Accounting for Insurance Professionals
  • Reinsurance Study Course (Australian and New Zealand Institute of Insurance and Finance (ANZIIF)
  • Reinsurance Discussion Group Seminars and Events
  • Governance Summit (Australian Institute of Company Directors)
  • IFTRIP Conference
  • Financial Services Accountants Association Conference
  • St John’s first aid
  • AGD PSPF Forum
  • AGS Employment Law Forum
  • ANAO CFO Forum, and Audit Committee Chairs Forum
  • Gartner Security & Risk Management Summit 2019
  • Insurance discussions and conventions through the National Insurance Brokers’ Association (NIBA)

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Study assistance

ARPC offers a study assistance program for all ongoing employees. Employees undertaking studies which support ARPC’s core business may access study support including financial assistance and paid study days.

Participation in the study assistance program during the year included the following courses:

  • Certificate IV in General Insurance
  • Bachelor of Mathematics (University of Technology Sydney)
  • Post Graduate Certificate in Public Sector Management (Flinders University)
  • AHRI Practising Certification Program (Australian Human Resources Institute), and
  • Post Graduate Diploma in Marketing (Charles Sturt University)

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Safety and Wellbeing

Work, Health and Safety (WHS) incidents and identified hazards are provided weekly to the Senior Executive Team and regularly to the Board. No significant incidents were reported in 2018-19. ARPC appoints First Aid representatives and Emergency Wardens who are provided with formal training as required. ARPC undertakes the following activities to provide a safe physical working environment:

  • Provision of a strong protective physical security environment including air locks, alarms, and access controls
  • Ergonomic assessments and training
  • Appropriate precautions for preventing slips, trips and falls
  • Inspection and tagging of electronic devices
  • Inspection and testing of fire mitigation systems and equipment
  • Hazard awareness training and promotion of a safety conscious culture, and
  • Annual office inspection by employee representatives

In addition, ARPC is committed to the wellbeing of staff through a range of initiatives including:​

Wellbeing Committee

A staff-led Wellbeing Committee supported by HR coordinates a range of activities each quarter addressing topics of physical and mental wellbeing, professional and personal development and community service. During the COVID-19 pandemic, with all employees working remotely, the Wellness Committee was very active promoting both physical and mental wellbeing. The Wellness Committee organised the following activities to keep the team engaged, connected, and healthy:

  • ‘Sharing is caring’ posts – Microsoft Teams channel where team members post photos of what they have been doing as well as memes and items that colleagues may be interested in.
  • Trivia (fortnightly)
  • Daily riddles
  • ‘Feet unleashed’ – time to go for a walk – team members then post photos on the ‘Sharing is caring’ channel
  • Yoga and Yin Yoga – run by a staff member who is a qualified instructor
  • Fun ideas for weekly small group meetings – in addition to the weekly team meeting (hosted by the CEO), the team meets in smaller groups of 7 or so later in the week. The Wellness Committee has been designing team building activities for each group
  • Wellness information communications (emails/Teams messages)
  • Fun challenges, such as a step challenge and a pancake challenge
  • Virtual team building activities
  • Recipe sharing

Employee assistance program

Confidential counselling and support services are available to all employees and immediate family members through the Employee Assistance Program (EAP).

Lifestyle payment

Non-executive employees have access to an annual payment towards positive lifestyle expenses through the Enterprise Agreement 2019-22. The lifestyle payment has 100 percent participation and is used by employees participating in a range of fitness and wellbeing activities.

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Resilience

During the year, ARPC has a strong focus on personal resilience which supports the strategic priority to “enhance and strengthen the resilience and preparedness of our people and organisation”.

ARPC undertakes the following activities to support employees to fulfil their personal potential and to be able to effectively perform their role in the event of a declared terrorist incident:

  • Providing and promoting the Employee Assistance Program
  • Actively promoting and encouraging physical and mental health and wellbeing
  • Conducting thorough DTI scenario tests twice a year
  • Conducting all-staff offsite sessions three times per year comprising:
    • Team building
    • Self-actualisation
    • Enhancement of soft skills such as self-awareness, emotional intelligence and communication.

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Promoting an ethical working environment

ARPC continues to promote ARPC’s Values and Code of Conduct.

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Remote Working

ARPC has a Remote Working Procedure and an Extended Working Hours Procedure to provide employees with flexible working arrangements. During the COVID-19 pandemic, the ARPC team has continued to work remotely, with no impact on productivity. ARPC’s Microsoft Azure cloud environment and tools such as Microsoft Teams fully support the team successfully working remotely. During the year ARPC did not experience any technical issues that negatively impacted on an efficient working environment.

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