Senior Underwriter Marine
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.
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. Its 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 Centres
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 SLAs 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 were 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 youll 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
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.
#AIGLI
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 .
Preference will be given to previously disadvantaged candidates in line with the companys Employment Equity Plan. Specific preference will be given to people with disabilities.Functional Area:
UW - UnderwritingAIG South AfricaRequired Experience:
Senior IC