Senior Underwriter - Marine at AIG

About the role

• At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Marine Underwriter to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
• The Senior Underwriter is responsible for :

Technical Underwriting

• Underwriting marine business within underwriting authority through a rigorous risk assessment process which includes consideration of loss control, claims history and all other appropriate risk management factors
• Play an active role in the development and negotiation and sign-off of large programs by motivating limits and policy structures where referral is required.
• Provide technical underwriting guidance to junior underwriters as directed by Profit Centre Manager
• Ensure adherence with all underwriting guidelines and referrals
• Interpret legal agreements and policies

Portfolio Management

• Manage marine portfolio accounts in profitable and sustainable growth, constantly assessing overall performance of the portfolio and make recommendations for adjustments to the Profit Centre Manager as needed.
• Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium
• Seek opportunities to improve synergies and participate in cross-sell initiatives with other profit Centre’s
• Develop and maintain strong personal and professional relationships with clients and brokers. Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager.
• Represent AIG on industry bodies and professional associations and organizations. Keep abreast of market changes and trends
• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards

Expense control

• Manage all expenses within budget. Continuously work to reduce the expense ratio through constant attention to efficiencies and opportunities to maximize productivity through streamlining of processes.

Audit and Compliance

• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements

What we’re looking for:

Qualification

• Graduate level degree in business, economics, insurance or marketing.
• Insurance qualification
• FAIS compliant

Experience

A minimum of 5-10 years marine underwriting experience in line of business

What you’ll need to succeed

• Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
• Strong communication, networking and relationship building skills.
• Good organizational and time management skills.
• Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Core Competencies Requirements:

• Dealing with Ambiguity
• Customer Focus
• Negotiating Skills
• Drive for Results
• Presentation Skills
• Innovation Management
• Business Acumen
• Problem Solving
• Risk Analysis and Pricing
• Interpretation of legal agreements
• Policies for Regulations
• Portfolio Management