Financial Lines Underwriter; Nationals

Financial Lines Underwriter (for UAE Nationals only)

Join to apply for the Financial Lines Underwriter (for UAE Nationals only) role at AIG

• Developing and executing strategies for the Financial Lines team products to ensure targets are met through sustainable underwriting.
• Underwriting accounts and schemes both for renewal and new business purposes as allocated.
• Service clients and brokers across UAE.
• Work on execution of Digital strategy and AIG ONE development.

• Jointly responsible for executing the Financial lines business plans and budgets and carry out the appropriate functions within the business.
• Establish/Maintain strong customer/industry relationships including Broker relationships at all levels with indigenous and international broking firms.
• Underwriting Financial lines business including new and renewal business within authorities granted and in accordance with profit center guidelines.
• Continual review and development of Products and development of new Products including associated Marketing material.
• Ensure Reinsurance is arranged in accordance with current company guidelines where required.
• Ensure credit control procedures are maintained and followed to company standards.
• Attain appropriate levels of expertise in all product lines including changes and developments.
• Complete all delegated projects in the manner expected and requested by the Financial Lines PCM and Team Leaders.
• Full participation in local and regional training (underwriting and personal skills).
• Undertake presentation to clients and/or brokers where required, including product specific training and pitching for business.
• Undertake department’s self-audit procedures as required.
• Responsibility for monitoring of premium processing including:
  Ensuring that estimates are met and that premiums are processed in a timely manner.
• Ensure that accounts are processed according to AIG guidelines and GST rules.
• Monitor receivables and unallocated cash and liaise with Accounts Department with regard to collections.
• Work with Financial Lines PCM, Team Leaders and Regional Line Managers to ensure that strategies are developed and executed.
• Develop and improve office systems and processes on an ongoing basis.
• Assist Financial Lines PCM with ongoing business analyst tasks such as assisting with quarterly and/or annual budgets, forecasting, submission tracking and another financial reporting task as allocated.

• Risk Assessment:
  Evaluate insurance submissions requests to assess risk based on financial data, creditworthiness, and underwriting guidelines.
• Underwriting Decisions:
  Make informed decisions on accepting, modifying, or declining applications, ensuring alignment with risk assessment and company policies.
• Compliance:
  Ensure adherence to regulatory requirements, industry standards, and company underwriting guidelines in all decisions and actions.
• Communication and Customer service:
  Clearly communicate underwriting decisions, requirements, and explanations to agents, brokers, clients, and internal stakeholders. Provide them support and assistance by addressing inquiries, explaining underwriting decisions and resolving issues.
• Documentation and Record Keeping:
  Maintain accurate records of underwriting activities, decisions, and correspondence for auditing and reporting purposes.
• Problem Solving:
  Identify and resolve complex underwriting issues, discrepancies, or challenges efficiently while maintaining quality and consistency.

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.

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…