Underwriter, Financial Institutions

City of London
14 Oct 2019
28 Oct 2019
Contract Type

Underwriter, Financial Institutions

Your future team

AIG's underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG's tradition of innovation, bringing to market ground-breaking insurance solutions for our changing world. AIG's underwriters help to find insurance solutions for risks from a range of areas including life insurance, aviation, financial lines, casualty, environmental, catastrophic events, high net worth individuals, and boardroom liabilities.

Your Contribution to AIG

As an influencer at AIG, people come to you as a "go-to" source for help and support because of your deep knowledge and expertise. As a more experienced team member, you are capable of driving continual improvement and impacting the way that things get done. Because of your influence, whether direct or indirect, we are able to deliver powerful outcomes for our clients.

This role will contribute to the growth of UK Financial Lines by: driving the business plans for our business development through - Underwriting new and renewal business; developing and maintaining relationships with existing brokers; assisting in C product development and thought leadership; and executing the annual FL strategies.

We are pleased to be recruiting for an Underwriter to join our high-performing global team to;

  • Meet individual underwriting expectations to help team achieve budgeted financial objectives.
  • Underwrite within agreed decision making standards, limitations, and underwriting authority
  • Assess desirability of risk through analysis of financial reports and accounts (as required)); regular contact with broker; thorough review of proposal; and review of claims history and general company information
  • Use designated Underwriting system(s) to streamline underwriting and information-tracking approach across Profit Centre. Input required data consistently and accurately
  • Provide accurate monthly Management information including, but not limited to, submissions, bind rate, average premium, and total premium as required
  • Provide excellent service to brokers through consistent, timely, and proactive approach to underwriting
  • Exhibit sales orientated behaviours, defined by Management as: motivated, tenacious, focused, technically skilled, proactive, and accountable
  • Generate new business by expanding broker network, attending broker events, and building new relationships across the market
  • Establish sales plan with Manager to identify brokers, products, and countries to target
  • Attack the renewal list. If an account is lost, seek explanation from broker
  • Liaise with PIU and Operations as policy and/or booking issues arise
  • Build relationships with brokers by attending and organising regular broker events
  • Ensure all brokers and clients are treated fairly
  • Ensure customer-centric approach
  • Ensure contract certainty
  • Conduct self-audit as required
  • Ensure compliance with key regulatory and risk management responsibilities

Position Requirements:

  • Some underwriting experience is desired; other relevant professional experience may substitute for underwriting experience
  • Strong communication skills
  • Time management - ability to handle multiple priorities, organise work and meet deadlines
  • Ability to analyse financial statements
  • Ability to network and build relationships
  • Organizational skills
  • Customer and sales focused
  • Tenacious, motivated, proactive

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Join our Talent Network at http://www.aig.com/careers/life-at-aig/join-the-talent-network. Additional information about AIG can be found at www.aig.com and http:// www.aig.com/strategyupdate | YouTube: http://www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.


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