Underwriter - Marine

American International Group; Johannesburg; On-site; ZAR 600,000 - 1,200,000; Full time

Job summary

AIG seeks a Marine Underwriter to transform how we help customers manage risk. This role involves technical underwriting, portfolio management, and ensuring compliance with regulations, all while promoting a culture of collaboration and inclusion. AIG offers an array of comprehensive benefits that prioritize employee wellbeing and professional development.

Benefits

Comprehensive benefits package

Professional development opportunities

In-person collaboration environment

Qualifications

• Graduate in relevant fields required.
• FAIS compliance is a must.
• Strong analytical skills and underwriting experience beneficial.

Responsibilities

• Underwrite marine business through rigorous risk assessment.
• Manage marine portfolio accounts and ensure profitability.
• Adhere to audit and compliance requirements.

Skills

Underwriting

Risk Assessment

Business Development

Portfolio Management

Education

Graduate level degree in business, economics, insurance or marketing

Insurance qualification

FAIS compliance

Job description

time left to apply End Date: July 29, 2025 (11 days left to apply)

job requisition id JR2503772

About the role

At AIG, we are reimagining the way we help customers to manage risk. Join us as a 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.

The Underwriter is responsible for :

Technical Underwriting

• 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 estimates and reports as required
• Business development and retention
• Keep abreast of market changes and trends
• 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
• Represent AIG on industry bodies and professional associations and organizations
• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards

Expense control

• 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.

Audit and Compliance

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

What we’re looking for:

Qualification

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

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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] .

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.

About the role

At AIG, we are reimagining the way we help customers to manage risk. Join us as a 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.

The Underwriter is responsible for :

Technical Underwriting

• 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

Portfolio Management

• 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 estimates and reports as required
• Business development and retention
• Keep abreast of market changes and trends
• 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
• Represent AIG on industry bodies and professional associations and organizations
• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards

Expense control

• 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.

Audit and Compliance

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

What we’re looking for:

Qualification

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

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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] .

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 - UnderwritingAIG South Africa

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.