Underwriter - D&O and FI

What you need to know:

Assist in underwriting D&O and FI risks within underwriting limits under direction and guidance from the Product Heads. Manage assigned accounts, ensuring efficient document workflow in line with operational procedures.

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

• This role will focus on underwriting new and renewal business to help drive the profitable growth of our D&O and FI Portfolios.
• Ensure adherence with all underwriting guidelines and referrals.
• Understand and analyze financial institutions risks.
• Perform and interpret financial analysis of companies’ performance.
• You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information.
• Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to 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.
• Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.

Business Operations

• Adhere to internal SLAs to ensure operational efficiency and achievement of agreed customer service standards.

Audit and Compliance

• Ensure adherence to audit requirements.
• Ensure adherence to regulatory and compliance requirements.

What you’ll need to succeed

• Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
• The ability to analyse financial statements.
• 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.

Functional Area: UW - Underwriting AIG South Africa