Senior Underwriter - Marine

AIG; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A global insurance leader is seeking a Senior Underwriter for marine business. This role involves underwriting, risk assessment, and managing marine portfolio accounts in Johannesburg. The ideal candidate will have 5-10 years of marine underwriting experience and must possess strong communication and relationship building skills. You will develop programs, negotiate terms, and work with a network of brokers, all while ensuring operational efficiency and compliance within the team’s objectives.

Qualifications

• Minimum of 5-10 years marine underwriting experience in line of business.
• Previous underwriting experience preferred; other relevant experience acceptable.

Responsibilities

• Underwrite marine business through a rigorous risk assessment process.
• Develop and negotiate large programs by motivating limits and policy structures.
• Manage marine portfolio accounts for profitable and sustainable growth.

Skills

Underwriting experience

Strong communication skills

Networking skills

Customer orientation

Education

Graduate level degree in business, economics, insurance or marketing

Insurance qualification

FAIS compliant

Job description

Senior Underwriter – Marine

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.

About the Role

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Marine Underwriter to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Responsibilities

• Underwriting marine business within underwriting authority through a rigorous risk assessment process which includes consideration of loss control, claims history and all other appropriate risk management factors.
• Play an active role in the development and negotiation and sign-off of large programs by motivating limits and policy structures where referral is required.
• Provide technical underwriting guidance to junior underwriters as directed by Profit Centre Manager.
• Ensure adherence with all underwriting guidelines and referrals.
• Interpret legal agreements and policies.
• Manage marine portfolio accounts in profitable and sustainable growth, constantly assessing overall performance of the portfolio and make recommendations for adjustments to the Profit Centre Manager as needed.
• Provide accurate monthly management information including submissions, bind rate, average premium, and total premium.
• Seek opportunities to improve synergies and participate in cross-sell initiatives with other profit Centre’s.
• Develop and maintain strong personal and professional relationships with clients and brokers. Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. Generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager.
• Represent AIG on industry bodies and professional associations and organizations. Keep abreast of market changes and trends.
• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards.
• 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.
• Ensure adherence to audit requirements.
• Ensure adherence to regulatory and compliance requirements.

Qualifications

• Graduate level degree in business, economics, insurance or marketing.
• Insurance qualification.
• FAIS compliant.

Experience

• A minimum of 5-10 years marine underwriting experience in line of business.

What you’ll need to succeed

• Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
• Strong communication, networking and relationship building skills.
• Good organizational and time management skills.
• Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Core Competencies

• Dealing with Ambiguity
• Customer Focus
• Negotiating Skills
• Drive for Results
• Presentation Skills
• Innovation Management
• Business Acumen
• Problem Solving
• Risk Analysis and Pricing
• Interpretation of legal agreements
• Policies for Regulations
• Portfolio Management

Equal Opportunity Employer

We are an Equal Opportunity Employer. It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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].

Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area: UW - Underwriting AIG South Africa