At a Glance
- Tasks: Support underwriters by screening risks and managing policy processes.
- Company: AIG is a global leader in insurance, with over 100 years of experience.
- Benefits: Enjoy comprehensive benefits, including health, wellbeing, and professional development support.
- Why this job: Join a culture of innovation and inclusion, making a real impact in the insurance industry.
- Qualifications: A degree is preferred; knowledge of commercial insurance and Microsoft Office skills are essential.
- Other info: This role requires in-office collaboration to foster teamwork and support.
The predicted salary is between 36000 - 60000 £ per year.
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world's most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
This position is part of the UW support career progression and may report to a Senior Specialist, UW Support, Team Leader, or to a Team Manager, Underwriting Support. This role assists the underwriters by screening risk offerings and with pre and post-binding processes. The role also performs services including problem-solving or research projects requiring broad insurance and/or procedural knowledge and works under direct supervision.
In addition to the traditional UA duties, this role will:
- Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region.
- Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite.
- Perform a comparison of renewal submission information against prior year information and document differences for underwriting.
- Prior to policy expiration, review policies for manuscript endorsements and initiate the manuscript endorsement approval process on behalf of underwriting.
- Issue policies, endorsements, and cancellations; prepare policy writing instructions and premium billings, and process individual policy filings.
- Complete loss rating and develop initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter.
- Be designated as the first point of contact for brokers.
- Assist the underwriter in the preparation of business and metric reports; assist in the review of procedures to resolve issues.
- Train and provide oversight of less experienced support staff.
- Perform quality control of premium audit statements prior to underwriting review; document discrepancies and work with the premium auditor for resolution.
What we're looking for:
- Knowledge of commercial insurance policy forms and regulatory requirements; Bachelor's degree preferred or equivalent work experience.
- Ability to prioritise i.e., able to navigate and switch between multiple proprietary, vendor, web-based, and standard computer systems.
- Proficiency in Microsoft Office.
- Willingness to learn from experiences and new situations.
- Ability to anticipate client (internal and external) needs and act proactively.
- Ability to identify problems and match to the appropriate solutions.
- Demonstrate attention to detail to ensure accurate documentation is maintained.
- Ability to mentor peers in the team.
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.
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.
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 honoured 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.
Specialist, Underwriting Support | Manchester, UK employer: American International Group, Inc.
Contact Detail:
American International Group, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Specialist, Underwriting Support | Manchester, UK
✨Tip Number 1
Familiarise yourself with commercial insurance policy forms and regulatory requirements. Understanding these will not only help you in the role but also demonstrate your commitment and knowledge during interviews.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who work at AIG or similar companies. Attend industry events or join relevant online forums to gain insights and make connections that could lead to referrals.
✨Tip Number 3
Showcase your proficiency in Microsoft Office by creating sample reports or presentations related to underwriting support. This practical demonstration of your skills can set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by thinking about how you would handle specific underwriting scenarios. Being able to discuss your problem-solving approach will highlight your readiness for the role.
We think you need these skills to ace Specialist, Underwriting Support | Manchester, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Specialist, Underwriting Support position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly outline your educational background, work experience, and any relevant skills, particularly in commercial insurance and underwriting support. Use bullet points for clarity and ensure it is well-structured.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight specific experiences that demonstrate your ability to meet the job's requirements, such as problem-solving skills and attention to detail.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at American International Group, Inc.
✨Understand the Role
Make sure you have a solid grasp of the responsibilities outlined in the job description. Familiarise yourself with underwriting processes and the specific tasks mentioned, such as reviewing submissions and preparing policy documents.
✨Showcase Your Knowledge
Demonstrate your understanding of commercial insurance policy forms and regulatory requirements during the interview. Be prepared to discuss how your previous experience aligns with the needs of the role.
✨Highlight Problem-Solving Skills
Since the role involves problem-solving and research, think of examples from your past where you've successfully identified issues and implemented solutions. This will show your proactive approach and ability to handle challenges.
✨Prepare Questions
Have a few thoughtful questions ready to ask the interviewer about the team dynamics, company culture, and expectations for the role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.