At a Glance
- Tasks: Lead the Financial Institutions Underwriting team and manage business plans.
- Company: Join AIG, a global leader in insurance solutions with a commitment to innovation.
- Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
- Why this job: Make a significant impact in a diverse and inclusive culture that values your growth.
- Qualifications: London Market experience and knowledge of FI products preferred; degree or Advanced Diploma is a plus.
- Other info: Flexible work arrangements and a strong focus on diversity and inclusion.
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.
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.
Head of FI Underwriting employer: American International Group
Contact Detail:
American International Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of FI Underwriting
✨Tip Number 1
Network with professionals in the London Market, especially those involved in Financial Institutions underwriting. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific FI products mentioned in the job description. Understanding these products will not only help you in interviews but also demonstrate your commitment and knowledge of the role.
✨Tip Number 3
Research Talbot's recent projects and initiatives in the Financial Institutions sector. Being able to discuss their strategies and how you can contribute to their goals will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your leadership style and how you would facilitate career development for your team. Highlighting your experience in managing teams and fostering growth will resonate well with the hiring managers.
We think you need these skills to ace Head of FI Underwriting
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 the company. Discuss how your skills align with Talbot's mission to manage risk and your ability to contribute to their business plan and marketing strategies.
Showcase Leadership Skills: Since the role involves managing performance and facilitating career development, provide examples of your leadership experience. Highlight instances where you've successfully managed teams or projects in the past.
Demonstrate Regulatory Knowledge: Mention your understanding of regulatory standards and principles relevant to underwriting. This will show that you are well-prepared to ensure compliance within the Financial Institutions portfolio.
How to prepare for a job interview at American International Group
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the financial institutions sector and the specific products involved. Discuss recent trends or challenges in the industry to show that you are well-informed and engaged.
✨Highlight Leadership Experience
As a Head of FI Underwriting, you'll be managing a team. Be prepared to share examples of how you've successfully led teams in the past, focusing on performance management and career development.
✨Prepare for Technical Questions
Expect questions related to underwriting authority and guidelines. Brush up on your knowledge of compliance and regulatory standards to confidently answer any technical queries.
✨Demonstrate Strategic Thinking
Discuss your experience with developing marketing plans and cross-selling opportunities. Be ready to provide examples of how you've contributed to business growth and product development in previous roles.