Assistant Underwriting Manager, Business Packages

aig; Hong Kong; On-site; HKD 400,000 - 600,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

Dormont Manufacturing Co in Hong Kong is seeking a candidate to play a key role in their Business Pack product. Responsibilities include supporting the team lead with strategy, coordinating underwriting excellence, and developing alternative distribution channels. Strong communication and adaptation skills are essential for engaging with diverse stakeholders.

The role emphasizes collaboration in the office and reflects AIG's commitment to diversity, providing a comprehensive benefits package.

Qualifications

• Effective adaptation to cultural differences and organizational demands.
• Ability to work with a global perspective.
• Flexibility to act as a team player or individual leader.
• Strong communication skills to engage various stakeholders.

Responsibilities

• Integral role in business pack product including sales and marketing activities.
• Support strategy to position AIG Business Pack for long-term leadership.
• Coordinate underwriting excellence for specialty products.
• Drive strategic direction and improvements in operational efficiency.
• Collaborate with Actuarial on pricing tools.

Skills

Ability to adapt to cultural differences

Global perspective

Team player and individual leader

Engagement with stakeholders

Creativity and innovation

Job description

What you need to know

The successful candidate will play an integral role in all areas of our business pack product including sales, product development, pricing, planning & coordinate marketing activities with distribution channels.

• Support the team lead with our business strategy to successfully propel AIG Business Pack into a significant and profitable long-term, sustainable leadership position in the APAC marketplace in support of the company’s ROE objectives over the long-term. This includes detailed monitoring standards / quality reviews to assess loss ratios and underwriting results.
• Drive the AIG Business Pack vision and value proposition in close co-operation with Product leads that recognize changing business and competitive environment dynamics, key business drivers, and financial elements and demonstrate the value we bring to our clients.
• Coordinating underwriting excellence for the specialty Business Pack products, by ensuring adherence to risk appetite, line setting, standards and guidelines, and establishing rating and pricing adequacy.
• Contribute to the overall strategic direction and development of the Business Pack portfolio, review of electronic trading platform (Transact) including business rules and rating algorithm and drive improvements in operational efficiency.
• Collaborate with Actuarial on creating and maintaining proper pricing tools and technique.
• Develop alternative distribution channels.
• Oversight of contractual documentation including policy wording sign-off.
• Ensuring accurate and timely production of management information for senior management.
• Ensure the required standards of governance, systems and controls, and regulatory compliance are established and maintained.
• Demonstrating understanding of regulatory and compliance processes.
• Driving collaborative behavior across the wider business.
• Drive a culture that promotes collaboration, diversity and inclusion.

Requirements

• Ability to effectively adapt to cultural differences as well as to organizational demands.
• Work with a global perspective in different environments whilst understanding how your work links to other regional and global offices.
• Be flexible between acting as team player and operating as an individual leader and knowing when to emphasize these roles.
• The communications skills to engage a wider variety of stakeholders and creativity and innovation to participate in forward-looking processes.

Location requirement: The role requires primarily in-person collaboration and time in the office.

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.

Equal Opportunity Employment

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].

Functional Area

Underwriting

Location

AIG Insurance Hong Kong Limited