Senior Commercial Property Underwriter FAC RI

American International Group, Inc. (AIG) - UAE; Dubai; On-site; AED 300,000 - 520,000; Full time

Benefits offered by this job

Total Rewards Program

Job summary

American International Group, Inc. (AIG) - UAE seeks a Senior Commercial Property Underwriter FAC RI to help shape risk management solutions and contribute to portfolio profitability.

The role collaborates with PCM, regional heads, actuaries, engineers, brokers and claims managers to price risks, broaden the customer base and align with financial targets. The position emphasizes strong underwriting expertise, market knowledge and effective communication to drive strategic decisions and maintain

Qualifications

• Experience in CP underwriting, insurance industry knowledge and claims experience.
• Strong knowledge of risk evaluation and pricing.
• Extensive underwriting market knowledge and portfolio management.

Responsibilities

• Manage renewal portfolio and secure new business accounts.
• Achieve budgeted top line and bottom line results with sound underwriting decisions.
• Educate local business community on property products and conduct presentations/seminars for clients.
• Maintain awareness of regulatory environment to ensure underwriting compliance.
• Report on budget metrics and prepare forecasts; track production and performance metrics.
• Build strong relationships with clients and brokers and participate in meetings with industry stakeholders.

Skills

Underwriting experience

Analytical skills

Communication skills

Negotiation

Decision making

Team player

Education

Master/Bachelor degree in Engineering management or business management

Job description

Senior Commercial Property Underwriter FAC RI

At 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 Underwriting

AIG 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 impact

Commercial 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

Job Accountabilities

Manage 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 Relationships

Internal Senior Management and Referral points CUO Field amp Account Engineers Claims Department Business Development Managers Legal team Compliance officers Finance External Clients Brokers Cedents Loss adjusters

Key Competencies

Effective analytical skills Strong interpersonal and communication skills both written and verbal Negotiation skills and the ability to influence others Extensive underwriting experience in direct insurance and reinsurance markets Strong underwriting skills with high expertise in risk evaluation and pricing Strong marketing and relationship skills in balance with profit oriented goals of the department company Well established contacts with clients and Business Producers Confident decision-making skills Problem-solving skills and a logical approach to work Self-motivation Sound judgement Ability to work to tight deadlines Team player Customer service skills Ready to take your career to the next level We would love to hear from you

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 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 world

American 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

Qualifications 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.