drjobs Specialist Underwriting Assistant

Specialist Underwriting Assistant

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1 Vacancy
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Job Location drjobs

London - UK

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Who we are

American International Group Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience today AIG member companies provide a wide range of property casualty insurance life insurance retirement solutions 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.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial
and personal insurance customers. It includes one of the worlds most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through
a diversified multichannel distribution network.

About the role

What you need to know:

This position is part of the UW support career progression and may report to a Senior Specialist UW Support Team Leader or to a Team Manager Underwriting Support. This role assists the underwriters by screening risk offerings and with pre and post-binding processes. The role also performs services including problem-solving or research projects requiring broad insurance and/or procedural knowledge and works under direct supervision.

In addition to the traditional UA duties this role will:

  • Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region
  • Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite. Triages submission for missing information and follows up with the broker for outstanding items.
  • Performs a comparison of renewal submission information against prior year information and documents differences for underwriting (i.e. large exposure change new entities or sold entities change in operations significant change in loss history etc.).
  • Renewals - prior to policy expiration reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting.
  • Issues policies endorsements and cancellations; prepares policy writing instructions and premium billings and processes individual policy filings.
  • Completes loss rating and develops initial pricing basic coverage structuring quotation and binder packages on behalf of the underwriter.
  • Possess an in-depth understanding of coverages and program structures as well as internal policy coding systems to ensure account completeness.
  • Designated as the first point of contact for brokers.
  • Assists the underwriter in the preparation of business and metric reports; assists in the review of procedures to resolve issues.
  • Trains and provides oversight of less experienced support staff.
  • Participates in projects as required.
  • Establish effective relationships with internal and external customers.
  • Performs quality control of all work returned from Shared Services (i.e. manual rating policies endorsements etc.).
  • Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution.
  • Performs quality control of adjustments prior to underwriting review; documents discrepancies and works with CS adjustment team for resolution.
  • Attend broker or client meetings as requested by underwriting.

What were looking for:

  • Knowledge of commercial insurance policy forms and regulatory requirements; Bachelors degree preferred or equivalent work experience.
  • Prioritizing able to navigate and switch between multiple proprietary vendor web-based and standard computer systems.
  • Microsoft Office proficiency in Excel Word and Powerpoint
  • Learning Agility willingness to learn from experiences and new situations.
  • Client Servicing ability to anticipate client (internal and external) needs and act proactively.
  • Problem Solving identify problems and solutions matched to the appropriate solutions.
  • Attention to Detail demonstrate attention to detail to ensure accurate documentation is maintained.
  • Leadership Skills ability to mentor peers in the team

A look at our benefits

At AIG we have a 100-year legacy of working to make the world a better place. And that begins with our employees. Were proud to offer a range of employee benefits and resources that help you protect what matters most your health care savings financial protection and wellbeing. We provide a variety of leaves for personal health family and military needs. For example the Giving Back program allows you to take up to 16 hours a year to volunteer in your community.

We also believe in fostering our employees development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees to enhance their education skills and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer

It has been and will continue to be the policy of American International Group Inc. its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories. At AIG we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation growth and profitability. Through a wide variety of programs and initiatives we invest in each employee seeking to ensure that our people are not only respected as individuals but also truly valued for their unique perspectives.

Ready to take your career to the next level We would love to hear from you.

#LI-AIG

At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .

UW - Underwriting

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd


Required Experience:

Unclear Seniority

Employment Type

Full-Time

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