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Underwriting Manager - Liabilities

  • Job
    Full-time
    Senior & Expert Level
  • Johannesburg
  • Quick Apply

AI generated summary

  • You need proven underwriting experience in Liabilities/Casualty, strong people management, financial analysis skills, and excellent communication, organizational, and sales-oriented behaviors.
  • You will underwrite risks, manage portfolios, ensure compliance, provide technical guidance, conduct audits, maintain client relationships, and stay updated on market trends.

Requirements

  • Proven underwriting experience in Liabilities/Casualty and a successful record of selling products to clients.
  • Deep technical expertise.
  • Proven people management skills and a record of developing more junior colleagues.
  • The ability to analyze financial statements.
  • Strong communication, networking and relationship building skills.
  • Good organizational and time management skills.
  • Customer and sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Responsibilities

  • 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 of 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 referral.
  • 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.
  • 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.
  • Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards.
  • Continuously work to reduce the expense ratio through constant attention to efficiencies and opportunities to maximize productivity through streamlining of processes.
  • Ensure adherence to audit requirements.
  • Ensure adherence to regulatory and compliance requirements.

FAQs

What is the primary focus of the Underwriting Manager - Liabilities role?

The primary focus is to lead a team in underwriting liability and casualty insurance, driving business growth through effective risk assessment and portfolio management.

What qualifications are necessary for success in this position?

Candidates should have proven underwriting experience in Liabilities/Casualty, deep technical expertise, strong people management skills, and the ability to analyze financial statements.

How does AIG support the growth of its employees?

AIG invests in its employees through continuous learning and development, providing opportunities for professional growth and fostering a culture that celebrates diversity and inclusion.

What are the key responsibilities of the Underwriting Manager?

Key responsibilities include underwriting business within authority, managing a profitable portfolio, providing technical guidance, ensuring compliance, and leading business development and retention efforts.

Is there an emphasis on relationship building in this role?

Yes, strong communication, networking, and relationship-building skills are essential as the role involves developing and maintaining relationships with clients and brokers.

What measures are in place for compliance and audits?

The Underwriting Manager is responsible for ensuring adherence to audit and regulatory requirements as well as conducting technical underwriting audits.

What is AIG's stance on diversity and inclusion?

AIG is committed to fostering a culture of inclusion and belonging, offering flexible work arrangements and supporting diversity through employee resource groups and other initiatives.

How does AIG handle accommodations for employees with disabilities?

AIG is committed to providing reasonable accommodations for job applicants and employees with disabilities and encourages individuals to reach out for support as needed.

What kind of professional relationships will I develop in this role?

The Underwriting Manager will build strong personal and professional relationships with clients, brokers, and industry associations, representing AIG on various platforms.

Is there a focus on reducing operational expenses?

Yes, the role emphasizes continuously working to reduce the expense ratio and maximize productivity through streamlined processes.

Finance
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Benefits

  • Physical and Mental Health benefits

  • Market-aligned base pay

  • Equitable incentive compensation

  • Life and disability insurance options