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For Companies At a Glance
- Tasks: Evaluate and select submissions, analyse risks, and ensure compliance in underwriting.
- Company: Join AIG, a leader in risk management and innovative solutions.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Grow your skills while making a real impact in the financial lines sector.
- Qualifications: 1+ years of relevant experience and a bachelor's degree required.
- Other info: Fast-paced environment with opportunities for career advancement.
The predicted salary is between 28800 - 43200 £ per year.
At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriter I – Financial Lines to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
- Evaluating, prioritizing and selecting submissions to be underwritten.
- Identifying risk exposures, special or common hazards, claims experience and appropriate controls.
- Analyzing claims and quantifying losses.
- Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks.
- Ensuring underwriting files and services standards and compliance guidelines are adhered to on assigned accounts.
- Offering coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- Capturing market intelligence and broker feedback on accounts.
- Begin demonstrating technical expertise with product(s) in the Financial Lines portfolio.
- Demonstrating strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgment.
- Demonstrating success in negotiation and building collaborative relationships.
- Multi-tasking, prioritizing and time management skills.
- Appropriately balancing changing priorities based upon underwriting needs and performing within time constraints with a high volume of work.
- Working with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Selling and negotiating to achieve bottom line profitability for the Company.
- Making presentations and communicating risk appetite and Financial Lines value proposition articulately to brokers and clients.
- Contributing to development of producer strategies.
- Developing and maintaining a submission pipeline sufficient to achieve overall production and business mix objective.
- Providing superior customer service to brokers and clients (internal & external).
- Takes initiative on projects and assignments, seeks alternate solutions when necessary.
Qualifications:
- 1+ years of underwriting or relevant professional experience.
- Bachelor's degree from a four-year college or university or equivalent professional experience.
- For Management Liability positions, a working knowledge of financial statements and analysis.
- Excellent interpersonal, communication and analytical skills.
- Excellent organizational skills and ability to handle multiple tasks in a high-volume, fast-paced environment.
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions, especially regarding technical aspects.
- Detail-oriented with demonstrated ability to self-direct, prioritize work, and meet deadlines.
Underwriter I - Financial Lines in London employer: American International Group
Contact Detail:
American International Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter I - Financial Lines in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with current AIG employees on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching AIG's values and recent projects. Tailor your answers to show how your skills align with their mission of managing risk. Practice common interview questions and be ready to discuss your analytical and negotiation skills.
✨Tip Number 3
Showcase your technical expertise! If you've got experience with financial statements or risk analysis, make sure to highlight that during conversations. Bring examples of how you've successfully managed risks or improved processes in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining the AIG team and ready to contribute to their transformation in risk management.
We think you need these skills to ace Underwriter I - Financial Lines in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Underwriter I role. Highlight any relevant underwriting experience, analytical skills, and your ability to manage multiple tasks in a fast-paced environment.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about underwriting and how you can contribute to our team. Mention specific examples of your negotiation skills or customer service experience that align with the job description.
Showcase Your Analytical Skills: Since this role involves evaluating risk exposures and analysing claims, be sure to include any relevant projects or experiences that demonstrate your analytical prowess. We love seeing how you approach problem-solving!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at American International Group
✨Know Your Financial Lines
Make sure you brush up on the specifics of financial lines underwriting. Understand the key risks, common hazards, and how to evaluate submissions effectively. This knowledge will help you demonstrate your technical expertise during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical skills and how you've used them in past roles. Be ready to provide examples of how you've quantified losses or analysed claims. This will show that you can make confident decisions based on data.
✨Practice Your Negotiation Techniques
Since negotiation is a big part of the role, think of scenarios where you've successfully negotiated terms or built relationships. Practising these stories will help you articulate your experience clearly and confidently.
✨Demonstrate Your Time Management Skills
Be prepared to talk about how you manage multiple tasks in a fast-paced environment. Share specific examples of how you've prioritised work and met deadlines, as this will highlight your ability to thrive under pressure.
