Underwriting Team Lead – Cyber & Commercial PI

Purpose of role

Manage the portfolio of business for profitable and sustainable growth. Issue and control underwriting authority within underwriting limits.

Provide technical guidance and training to underwriters

Principle duties and responsibilities

Technical Underwriting

• Underwrite 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 large programs by motivating limits and policy structures where referral is required.
• Issue and control underwriting authority within underwriting limits.
• Provide technical underwriting guidance to underwriters.
• Ensure adherence with all underwriting guidelines and referrals.

Portfolio Management

• Manage the portfolio of business for 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.
• Conduct technical underwriting audits in line with requirements.

Business Development and Retention

• Keep abreast of market changes and trends.
• Develop and maintain strong personal and professional relationships with clients and brokers.
• Represent AIG on industry bodies and professional associations and organizations.

Business Operations

• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards

Expense control

• 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

Qualifications

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

• Insurance qualification

• FAIS compliant

• Experience

• 5-7 years short term insurance underwriting experience

• Skills and competencies

• Accountability

• Attention to detail

• Budgeting

• Business acumen

• Business development

• Business plan development

• Career Development

• AIG product knowledge/function

• Competitive analysis

• Conducting presentations

• Decision making

• Distribution management

• Insurance industry knowledge

• Insurance industry regulations / codes

• Marketing

• Relationship building

• Strategic Planning

• 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 [email protected].

• 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