Underwriter - Property

AIG Insurance Company - Puerto Rico; San Juan (PR); On-site; USD 85,000 - 120,000; Full time

Job summary

AIG Insurance Company - Puerto Rico is seeking an Underwriter to assess and quote Property risks and to help expand profitable business. The role involves analyzing engineering reports, catastrophe modelling results, and broker information to inform pricing and structure.

You will collaborate with cross-functional teams and brokers to target desirable accounts while delivering excellent service in English and Spanish.

Qualifications

• Bachelor’s Degree in Actuarial, Business Administration (Finance or Accounting preferred), or related areas.
• Analytical and quantitative skills with strong problem-solving abilities.
• Experience in facultative reinsurance is desirable.
• Experience in Property underwriting accounts for at least one year.
• Proficient in MS Office, especially Excel and Word.
• Excellent communication skills in English and Spanish (written and spoken).

Responsibilities

• Evaluate risks, quote and issue Property policies to increase profitable production.
• Analyze, prepare, define structure, place and negotiate facultative reinsurance.
• Collaborate with Distribution, Executives, and other underwriters to target desirable accounts.
• Provide superior customer service to brokers and clients and increase policy retention.
• Drive underwriting excellence by adhering to risk appetite, standards and pricing guidelines.

Skills

Bachelor's Degree

Actuarial

Business Administration

Finance or Accounting

Analytical skills

Quantitative skills

MS Office (Excel)

MS Word

Bilingual (English/Spanish)

Education

Bachelor's Degree

Actuarial

Finance or Accounting

Tools

Excel

Word

Job description

Underwriter - Property

Join us as an Underwriter to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your first Senior level role. 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. At AIG, we empower our underwriters to put their exceptional analytical skills to use every day to assess and measure risk. Their decisions are critical to driving the company’s success and profitability. Our underwriters embody AIG’s tradition of innovation, developing insurance solutions to minimize the risk exposures of corporate and individual clients. They delve into a wide range of areas, including aviation, catastrophic events and high-net-worth individuals.

How you will create an impact: Evaluate risks, quote and issue Property policies in order to increase production on a profitable business. Analyze, prepare, define structure, place and negotiate facultative reinsurance either directly or through reinsurance brokers, adhering to reinsurance and underwriting policies and procedures. Negotiate externally and internally the underwriting of the accounts and analyze engineering information (survey reports), valuation reports, catastrophe modelling results and other documents of underwriting. Request additional information to the insurance brokers to analyze the risk, if it was deemed relevant. Drive underwriting excellence across the business determining acceptability of the risk by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy. Collaborate with Distribution, Executive, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers and ceding companies. Provide superior customer service to brokers and clients. Increase policy retention on the line of businesses. Contribute to operational efficiencies.

What you’ll need to succeed:

• Bachelor’s Degree in Actuarial, Business Administration (Finance or Accounting preferred), or related areas.


• Demonstrated business savvy, analytical and quantitative skills with strong problem-solving abilities.


• Experience in facultative reinsurance is desirable.


• Experience in Property underwriting accounts for at least one year.


• Proficient in the use of MS Office suite products specially Excel (a must) and Word.


• Excellent communication skills in English and Spanish including verbal, written and negotiation.


• A proven track record of excellent customer service skills and Interpersonal skills.


• Fast learner and has decision making criteria.


• Excellent organizational and prioritization skills.


• A good level of experience in writing reports and business correspondence.

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.

Welcome to a culture of inclusion

We’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].

Functional Area: UW - Underwriting AIG Insurance Company - Puerto Rico As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.