Underwriter - Property

2 months ago

Johannesburg, South Africa AIG Full time

Purpose of the role '

Identify and underwrite profitable accounts within underwriting authority, limits and guideline as outline by the Chief Underwriting Officer and PCM. Maintain and grow relationships with brokers under PCM direction. Manage assigned accounts, ensuring efficient document workflow in line with operational procedures.

Technical Underwriting
Ensure renewal review process is completed within So P (Standard Operating Procedures) requirements to assist profitability and growth targets.
Structure, negotiate and place reinsurance within So P and authorities on relevant accounts. This will also include technical pricing and layering structures.
Ensure compliance with data integrity requirements, underwriting guidelines, authorities, and company retention limits, through a rigorous risk assessment process, which includes consideration of loss control, claims history and all other appropriate risk management factors.
Decide on financial transactions within authorities – discounts, rates, accepting business, declining to quote on business, declarations, endorsements, pro-rata endorsements and invoicing.
Ensure all relevant supporting documentation (Placement Slips, Policy Wordings, Reinsurance Slips, endorsements, etc) are issued in line with policy requirements and standard operating procedures.
Produce comprehensive, well thought through business cases to proposals for changes to risk appetite, if needed.
Maintain, create and ensure sign off with relevant internal stakeholders on all policy wordings with regards to Property and General sections.
Investigation and resolution of account queries.
Assist in maintaining and amending our Survey Register which determines which risks need to be surveyed at what stage of the policy lifecycle.
Work with our underwriting, surveying and distribution teams to ensure that we meet our Property Underwriting objectives and ensuring that we always adhere to our risk appetite and individual authorities.

Deliver Cost Control and Governance Adherence
Manage areas of critical compliance and actively manage non-conformance.
Identify and resolve potential inter-departmental problems.
Proactively ensure use of time, resources, money, materials or equipment in line with policies and procedures.
Comply with corporate governance policies, procedures and standards.
Operate within agreed authorities and Standard Operating Procedures.
Adhere to internal SLAs to ensure operational efficiency and achievement of agreed customer service standards.

Business Operation
Accounts Receivable – ensure oversight and control on all aspects of Accounts Received for the CP team by directing AR to the Underwriter responsible for the account. Maintain oversight to ensure completion of the item.
Engage in monthly meetings to ensure collection protocol are adhered and all necessary information passed onto the Underwriters.

Audit and Compliance
Ensure adherence to audit requirements
Ensure adherence to regulatory and compliance requirements

Core Competencies Requirements:
Accountability
Budgeting
Business Acumen
Business Development
Career Development
AIG product knowledge/function
Competitive Analysis
Conducting Presentations
Decision making
Insurance industry knowledge
Insurance industry regulations / codes
Relationship building
Strategic Planning
#AIG-LI

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 candidatecare@aig.com.

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

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

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