Head of FI Underwriting
Head of FI Underwriting

Head of FI Underwriting

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead Financial Institutions Underwriting and drive innovative risk management strategies.
  • Company: Join AIG, a global leader in insurance with a commitment to innovation and community support.
  • Benefits: Enjoy comprehensive benefits, flexible work arrangements, and a focus on your professional development.
  • Why this job: Make a real impact in a diverse and inclusive culture that values your unique talents.
  • Qualifications: London Market experience and knowledge of FI products preferred; advanced qualifications are a plus.
  • Other info: AIG promotes a culture of belonging and offers equal opportunities for all applicants.

The predicted salary is between 43200 - 72000 £ per year.

Join us as Head of Financial Institutions Underwriting to make a bigger business impact with your skills and wider talents. At Talbot, we are reimagining the way we help customers to manage risk. It’s an opportunity to grow your skills and experience as a valued member of the team.

With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicate 1183 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, contingency, property and treaty reinsurance. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist.

How you will create an impact

  • Comply with the terms of personal underwriting authority.
  • Work with the Head of Financial Lines in managing the achievement of the business plan, including identifying material deviations.
  • Implement marketing plans, including opportunities for cross-selling and developing new products.
  • Assist in the reinsurance purchasing strategy for the Financial Institutions portfolio.
  • Ensure that the Financial Institutions Underwriting Guidelines are reviewed and updated at least annually.
  • Ensure underwriters with FI authority underwrite in accordance with personal underwriting authority.
  • Ensure that FI business is conducted, processed and administered in accordance with the prevailing applicable policies, procedures and agreed service levels.
  • Manage performance of direct reports and embedded underwriting support resource.
  • Report to the relevant Talbot management committees.
  • Facilitate career development and progression of FI team members.
  • Act in accordance with all regulatory standards and principles at all times.
  • Provide information and assistance as needed to ensure that other syndicate staff can carry out their responsibilities.

What you’ll need to succeed

  • London Market experience preferred.
  • Detailed knowledge of FI products.
  • Chartered Insurance Institute (Advanced Diploma) and/or degree preferred.

Ready to take your career to the next level? We would love to hear from you.

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.

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). The diversity of our people is one of AIG’s greatest assets, and we are honoured that our drive for positive change has been recognised by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, colour, 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.

Head of FI Underwriting employer: AIG

At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work culture that values diversity and inclusion while fostering professional growth. As the Head of Financial Institutions Underwriting in London, you will benefit from our comprehensive Total Rewards Program, which prioritises your health, wellbeing, and career development, all within a supportive environment that encourages innovation and collaboration. Join us to make a meaningful impact in the insurance industry while advancing your career in a globally recognised organisation.
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Contact Detail:

AIG Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of FI Underwriting

✨Tip Number 1

Familiarise yourself with the latest trends and developments in the Financial Institutions sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.

✨Tip Number 2

Network with professionals in the London Market, especially those who have experience in underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture at Talbot.

✨Tip Number 3

Prepare to discuss your leadership style and how you would facilitate career development for your team. Talbot values growth and progression, so showcasing your ability to mentor and inspire others will set you apart.

✨Tip Number 4

Understand the regulatory standards and principles that govern the Financial Institutions sector. Being well-versed in compliance will show that you can navigate the complexities of the role and ensure that Talbot adheres to all necessary guidelines.

We think you need these skills to ace Head of FI Underwriting

Financial Institutions Underwriting Expertise
London Market Experience
Knowledge of FI Products
Regulatory Compliance
Risk Management
Performance Management
Strategic Planning
Cross-Selling Techniques
Reinsurance Purchasing Strategy
Team Leadership
Communication Skills
Analytical Skills
Problem-Solving Skills
Chartered Insurance Institute (Advanced Diploma) or Degree

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in financial institutions underwriting. Emphasise your knowledge of FI products and any London Market experience you have, as these are key requirements for the role.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and how your skills align with Talbot's mission to manage risk. Mention specific examples of how you've successfully implemented marketing plans or managed teams in previous roles.

Showcase Leadership Skills: Since this is a Head position, highlight your leadership experience. Discuss how you've facilitated career development for team members and managed performance effectively in past roles.

Demonstrate Regulatory Knowledge: Include any experience you have with regulatory standards and principles in your application. This will show that you understand the importance of compliance in the underwriting process, which is crucial for this role.

How to prepare for a job interview at AIG

✨Showcase Your London Market Experience

Make sure to highlight your experience in the London Market during the interview. Discuss specific examples of how you've navigated this environment and any relevant successes you've had, as this is a preferred qualification for the role.

✨Demonstrate Knowledge of FI Products

Prepare to discuss your detailed knowledge of Financial Institutions products. Be ready to explain how these products work and share insights on current trends or challenges in the market, showcasing your expertise.

✨Emphasise Leadership Skills

As a Head of Underwriting, you'll be managing a team. Be prepared to talk about your leadership style, how you facilitate career development for your team members, and any past experiences where you've successfully managed performance.

✨Align with Company Values

Research AIG's commitment to diversity, inclusion, and continuous learning. During the interview, express how your personal values align with theirs and provide examples of how you've contributed to a positive workplace culture in the past.

Head of FI Underwriting
AIG
Location: London

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