Financial Lines Underwriter For UAE Nationals Only

AIG

Primary Responsibilities

• Developing and executing strategies for the Financial Lines team products to to ensure targets are met through sustainable underwriting.
• Underwriting accounts and schemes both for renewal and new business purposes as allocated.
• Service clients and brokers across UAE.
• Work on execution of Digital strategy and AIG ONE development.
  
  

Functions Key

• Jointly responsible for executing the Financial lines business plans and budgets and carry out the appropriate functions within the business.
• Establish/Maintain strong customer/industry relationships including Broker relationships at all levels with indigenous and international broking firms.
• Underwriting Financial lines business including new and renewal business within authorities granted and in accordance with profit center guidelines.
• Continual review and development of Products and development of new Products including associated Marketing material.
• Ensure Reinsurance is arranged in accordance with current company guidelines where required.
• Ensure credit control procedures are maintained and followed to company standards.
• Attain appropriate levels of expertise in all product lines including changes and developments.
• Complete all delegated projects in the manner expected and requested by the Financial Lines PCM and Team Leaders.
• Full participation in local and regional training (underwriting and personal skills).
• Undertake presentation to clients and/or brokers where required, including product specific training and pitching for business.
• Undertake department’s self-audit procedures as required.
• Responsibility for monitoring of premium processing including: o Ensuring that estimates are met and that premiums are processed in a timely manner.
• Ensure that accounts are processed according to AIG guidelines and GST rules.
• Monitor receivables and unallocated cash and liaise with Accounts Department with regard to collections.
• Work with Financial Lines PCM, Team Leaders and Regional Line Managers to ensure that strategies are developed and executed.
• Develop and improve office systems and processes on an ongoing basis
• Assist Financial Lines PCM with ongoing business analyst tasks such as assisting with quarterly and/or annual budgets, forecasting, submission tracking and another financial reporting task as allocated.
  
  

Job Accountabilities

• Risk Assessment: Evaluate insurance submissions requests to assess risk based on financial data, creditworthiness, and underwriting guidelines.
• Underwriting Decisions: Make informed decisions on accepting, modifying, or declining applications, ensuring alignment with risk assessment and company policies.
• Compliance: Ensure adherence to regulatory requirements, industry standards, and company underwriting guidelines in all decisions and actions.
• Communication and Customer service: Clearly communicate underwriting decisions, requirements, and explanations to agents, brokers, clients, and internal stakeholders. Provide them support and assistance by addressing inquiries, explaining underwriting decisions and resolving issues.
• Documentation and Record Keeping: Maintain accurate records of underwriting activities, decisions, and correspondence for auditing and reporting purposes
• Problem Solving: Identify and resolve complex underwriting issues, discrepancies, or challenges efficiently while maintaining quality and consistency.
  
  

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.

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 inclusion

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 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.

Functional Area

UW - Underwriting

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