Financial Lines Underwriter

American International Group, Inc. (AIG) - UAE; Dubai; On-site; AED 30,000 - 45,000; Full time

Job summary

A leading company in the UAE is looking for a Financial Lines Underwriter who will be responsible for underwriting profitable accounts and managing relationships with brokers. The role demands strong knowledge of the Financial Lines Insurance sector and effective communication skills to ensure compliance and operational efficiency.

Qualifications

• Insurance experience / Financial Lines underwriting experience is a must.
• Thorough knowledge of the Financial Lines Insurance industry.
• Middle East and North Africa market experience.

Responsibilities

• Identifying and underwriting profitable accounts.
• Managing allocated portfolio accounts for growth.
• Adhering to regulatory and compliance requirements.

Skills

Verbal Communication

Written Communication

Negotiation Skills

Problem Solving

Customer Centric

Job description

American International Group, Inc. (AIG) - UAE

The Financial Lines Underwriter will be responsible for identifying and underwriting profitable accounts within underwriting limits under the guidance from the Head of Financial Lines / Manage assigned accounts ensuring efficient workflow in the line of operational procedures whilst managing and maintaining and grow relationships with brokers.

• Assessing risk (underwriting), servicing accounts and developing the FL product capabilities.
• Underwrite risks within underwriting authority through a rigorous risk assessment process which includes consideration of loss control, claims history and other appropriate risk management functions.
• Risk logging, worksheets and rater tool application
• Ensure adherence to all underwriting guidelines and referrals
• Transacting and filing of accounts in accordance with Company standards.
• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements
• Manage allocated portfolio accounts achieving profitable and sustainable growth. Constantly assessing overall performance of the portfolio and make recommendations for adjustments where needed.
• Develop and maintain strong personal and professional relationships with brokers and clients
• Adhere to internal SLA s to ensure operational efficiency and achievement of agreed customer service standards Instructing and monitoring the issuing of Policy Documents
• 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.

About the role What you need to know:

The Financial Lines Underwriter will be responsible for identifying and underwriting profitable accounts within underwriting limits under the guidance from the Head of Financial Lines / Manage assigned accounts ensuring efficient workflow in the line of operational procedures whilst managing and maintaining and grow relationships with brokers.

• Assessing risk (underwriting), servicing accounts and developing the FL product capabilities.
• Underwrite risks within underwriting authority through a rigorous risk assessment process which includes consideration of loss control, claims history and other appropriate risk management functions.
• Risk logging, worksheets and rater tool application
• Ensure adherence to all underwriting guidelines and referrals
• Transacting and filing of accounts in accordance with Company standards.
• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements
• Manage allocated portfolio accounts achieving profitable and sustainable growth. Constantly assessing overall performance of the portfolio and make recommendations for adjustments where needed.
• Develop and maintain strong personal and professional relationships with brokers and clients
• Adhere to internal SLA s to ensure operational efficiency and achievement of agreed customer service standards Instructing and monitoring the issuing of Policy Documents
• 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.

What we re looking for:

At AIG, we value in-person collaboration as a vital part of our culture, which is why team members come together in the office four days per week. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Experience:

Insurance experience / Financial Lines underwriting experience is a must.

Knowledge:

• Thorough knowledge of the Financial Lines Insurance industry / Middle East and North Africa market experience.
• Excellent Verbal & Written Communication Skills
• Strong Entrepreneurial Skills
• Presentation Skills
• Ability to analyze complex problems, interpret operational needs, and develop integrated creative solutions.

Internal

Underwriting work within a team of underwriters to grow the portfolio profitably

Claims and Actuarial engagement to understand the drivers of our losses and what underwriting actions are required on particular accounts and portfolios.

Operations understand the administrative functions that support our business.

Distribution improve and understand the way in which our products are taken to market and bought

External

Clients appreciate and understand client needs

Brokers / Cedants build and grow the business with brokers and Cedants

Key Competencies

• Financial Lines Underwriting Background.
• Dealing with Ambiguity
• Customer Centric
• Negotiation Skills / Conflict Resolution
• Drive for Results
• Presentation Skills
• Innovation Management
• Business Acumen
• Problem Solving

Technical Competencies
Risk Analysis and Pricing

• Distribution
• Interpretation of legal agreements
  

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American International Group, Inc. (AIG) - UAE