Underwriter, Financial Lines

Who we are

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. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

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.

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.

About the role

What you need to know:
Primary Responsibilities
- Developing and executing strategies for the Commercial Financial Lines teams’ products to ensure targets are met through sustainable underwriting.
- Underwriting standalone commercial accounts and schemes both for renewal and new business purposes as allocated.
- Service clients and brokers across New Zealand.
- Adapting to regulatory changes including product innovation (e.g Cyber or costs & expenses solution) and increase AIG’s profile through market leadership.

Key Functions
- Jointly responsible for executing the Commercial 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 Commercial Financial lines business including new and renewal business within authorities granted and in accordance with profit centre 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:

- 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 any other financial reporting task as allocated.

What we’re looking for:
Technical Competencies
- Risk analysis and pricing
- Policies and regulations
- Product distribution
- Product & market Knowledge

Core Competencies
- Dealing with Ambiguity
- Drive for results
- Problem Solving
- Collaboration
- Business Acumen
- Presentation Skills

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspec