• Job Description

  Req#: JR2304937

  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

  For more than 50 years, Lex-London has been providing innovative insurance coverage and services to companies ranging from Fortune 100 leaders, to smaller but complex risks. As a leading surplus lines insurer, we use our unique flexibility in rate and form to benefit both traditional and the most challenging risks.

  AIG Lex London are a leading provider of excess casualty products in the surplus lines market. Lex-London underwriters combine deep expertise with a broad appetite for risk and are empowered to deliver for our clients and brokers. Clients also benefit from our extensive industry knowledge, specialised risk management and engineering services, and dedicated claims handling services.

  About the role:

  This is an underwriting role within the Lex London US Financial Lines team. This role analyses and evaluates risk and accepts, rejects, or modifies risk and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives.

  The Underwriter’s primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities:

  • Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
  • Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
  • Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets.
  • Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately.

  Responsibilities include:

  • Reviews applications and financial requirements to determine acceptability of risk in accordance with AIG’s guidelines and standards
  • Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to analyse claims and quantify losses.
  • Ability to demonstrate strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgment.
  • Demonstrated success in negotiation and building collaborative relationships.
  • Proven multi-tasking, prioritizing and time management skills.
  • Able to appropriately balance changing priorities based upon underwriting needs and perform within time constraints with a high volume of work.
  • Work with more senior underwriters or management on risks exceeding authority level or requiring special handling
  • Ability to sell and negotiate to achieve bottom line profitability for the Company.
  • Ability to make presentations and communicate articulately to brokers and insureds.
  • Ability to manage producer strategy.
  • Develop and maintain a submission pipeline sufficient to achieve overall production and business mix objective
  • Adhere to guidelines and underwriting discipline to minimise exposure and appropriately price risks
  • Assist management with data analytics and portfolio management/analysis.
  • Proactively keep up to date with industry, business issues and trends.
  • Attend client/broker functions when required.
  • Maintain accurate files, registers and records to contribute to management reporting and timely service and policy issuance.

  Technical Skills and Experience:

  • Underwriting experience and preferably a familiarity with the US Financial Lines marketplace; other relevant professional experience or qualifications (such as CII, ACII, or equivalent) may substitute.
  • Bachelor’s degree from a four-year college or university.
  • Working knowledge of financial statements and analysis.
  • Excellent interpersonal, communication and analytical skills.
  • Excellent organisational skills and ability to handle multiple tasks in a high-volume, fast-paced environment.
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions, especially regarding technical aspects.
  • Detail-oriented with demonstrated ability to self-direct, prioritise work, and meet deadlines.
  • Takes initiative on projects and assignments, seeks alternate solutions when necessary.
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude.

  A look at our Benefits

  We're 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, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

  
  We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues 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

  American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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.

  To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

  AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

  Functional Area:

  UW - Underwriting

  Estimated Travel Percentage (%): Up to 25%

  Relocation Provided: No

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

• About the company

  We're a leading global insurance organization with operations in more than 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

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