Senior Commercial Property Underwriter – FAC RI

AIG; Dubai; On-site; AED 350,000 - 550,000; Full time

Benefits offered by this job

Total Rewards Program

Job summary

AIG MEA Limited is seeking a Senior Commercial Property Underwriter to manage renewal portfolios, secure new business, and influence portfolio strategy. The role involves collaboration with regional heads, actuaries and brokers to price risks and drive profitability.

The position requires strong underwriting experience, regulatory awareness, and excellent communication with clients and internal teams. Office-based in Dubai with a focus on contributing to growth and risk management.

Qualifications

• Master/ Bachelor degree in Engineering management or business management.
• Experience in CP underwriting and insurance knowledge.
• Strong knowledge of underwriting market and claims experience.

Responsibilities

• Manage renewal portfolio and secure new business accounts with regular market visits.
• Achieve budgeted top line and bottom line results through sound underwriting decisions.
• Educate local business on property products and seminars for clients.
• Maintain awareness of regulatory environment to ensure underwriting compliance and update trainings.
• Report on budget metrics and forecasts; track production and performance parameters.

Skills

Underwriting

Portfolio management

Market knowledge

Communication

Negotiation

Leadership

Regulatory compliance

Client relations

Education

Master's/Bachelor's in business or engineering

Job description

#LI- AIGSenior Commercial Property Underwriter – FAC RIAt AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Commercial Property Underwriter- FAC RI to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.Make your mark in UnderwritingAIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.How you will create an impactCommercial Property underwriters assess and evaluate risks and decide on the appropriate insurance terms and conditions to cover such exposure and their impact on the broader portfolio performance.The position also mandates close interaction with PCM and regional heads for the purpose of making portfolio level decisions when it comes to strategies/initiatives, pricing, occupancy mix, underwriting tools and guidelines.The job involves working closely with actuaries, engineers, brokers, cedants and claims managers in order to: Price risks appropriately, build a diverse profitable portfolio with a large customer base, understand exposure to control volatility and contribute to the department’s and company’s overall financial targets.What you’ll need to succeedQualifications and Education: Master/Bachelor degree in Engineering management or business management.Experience: Experience in CP underwriting, Insurance industry knowledge, Claims Experience.Training: No mandatory external training but would include internal & external training related to the job requirements.Knowledge: Extensive underwriting market knowledge, and Claims Experience.Job AccountabilitiesManage existing renewal portfolio and secure new business accounts – regular market visits to ensure good submission flow.Achieve budgeted top line production and bottom line results – ensuring target growth, profitability and account retention is achieved via taking sound underwriting decisions on daily basis.Educate local business community on property products and presentations and seminars for clients.Maintain awareness of legal and regulatory environment to ensure underwriting compliance – complete all mandatory AIG training courses; ensure knowledge on regulatory developments is up to date.Report on budget metrics and prepare forecasts on future periods – keep accurate track of production and various performance parameters.Keep up-to-date of market changes and trends and develop strong personal and professional relationships with clients and brokers – regular market / producer meetings, attend industry events/ seminars, etc.· Portfolio Analysis· Contributing to the development of expertise and knowledge of the team members especially the new and junior underwriters from different regions· Participating in an active way to maintain a good team spirit and motivated staff.· Facultative Reinsurance placement – as applicable and when needed· Liaising with Accounting and Claims department by providing required information and participate in relevant meetings· Taking active part in presentations, seminars and internal technical trainings.· Conducting regularly engineering surveys with our risk engineers focusing on the large/complex and high hazard risks.Communication and Working RelationshipsInternalSenior Management and Referral points (CUO)Field & Account EngineersClaims DepartmentBusiness Development ManagersLegal teamCompliance officersFinanceExternalClientsBrokersCedentsLoss adjustersKey CompetenciesEffective analytical skillsStrong interpersonal and communication skills, both written and verbalNegotiation skills and the ability to influence othersExtensive underwriting experience in direct insurance and reinsurance marketsStrong underwriting skills with high expertise in risk evaluation and pricingStrong marketing and relationship skills in balance with profit oriented goals of the department / companyWell established contacts with clients and Business ProducersConfident decision-making skillsProblem-solving skills and a logical approach to workSelf-motivationSound judgementAbility to work to tight deadlinesTeam playerCustomer service skills.Ready to take your career to the next level? We would love to hear from you.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 mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s 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 security—as well as your professional development—to bring peace of mind to you and your family.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s 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 inclusionWe’re committed to creating a culture that truly respects and celebrates each other’s 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 AIG’s 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 [e-mail] Area:UW - UnderwritingAIG MEA Limited