Underwriter, Financial Lines

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 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. AIG common stock is listed on the New York Stock Exchange.

What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

We’re also committed to making a positive difference for our colleagues and in the communities where we work and live.

We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Get to know the business

AIG 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. AIG’s offers a broad range of General Insurance products to customers through a diversified, multichannel distribution network.

About the role

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.

What you need to know:
Primary Responsibilities
- Developing and executing strategies for the teams’ products to ensure targets are met through sustainable underwriting.
- Underwriting standalone Corporate 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
- Increase AIG’s profile through market leadership.

Key Functions
- 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 with indigenous and international broking firms.
- Assisting with the roll out of online quoting options
- Underwriting Financial lines business including new and renewal business within authorities granted and in accordance with profit centre guidelines.
- 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

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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 be