Website AIG
American International Group, Inc. (AIG) is a leading international insurance organisation serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks o… read moref any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. AIG in South Africa AIG originally established operations in South Africa in 1962 with its first major insurance project for the building of the Gariep Dam. Now with offices around the country, we insure many of SA’s top businesses and government organisations, hundreds of mid-sized and smaller companies as well as ever increasing numbers of individuals. Over the past 50 years we have established an enviable reputation as a provider of innovative products with a very broad product range. We are able to leverage off international expertise in both products and people to enhance our offerings both locally and into Africa. BEE As participants in the Financial Services Charter, AIG SA is working to address previous inequities. Several years ago AIG South Africa introduced a Graduate Development programme. This is a comprehensive one year training and development programme, aimed at encouraging young black graduates to join the Insurance industry and fast-tracking them into taking over responsible positions in the business The company also contributes extensively to education and entrepreneurship in disadvantaged communities. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy language. Certain products and services may be provided by independent third parties. Insurance products may be distributed through affiliated or unaffiliated entities. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. Sandown Mews West 88 Stella St Sandown 2196 JOHANNESBURG
Make your mark in Underwriting
AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
This role will focus on underwriting new and renewal business to help drive the profitable growth of our D&O and FI Portfolios.
Ensure adherence with all underwriting guidelines and referrals
Understand and analyze financial institutions risks
Perform and interpret financial analysis of companies’ performance
You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information.
Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager.
Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
Business Operations
Adhere to internal SLAs to ensure operational efficiency and achievement of agreed customer service standards
Audit and Compliance
Ensure adherence to audit requirements
Ensure adherence to regulatory and compliance requirements
What you’ll need to succeed
Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
The ability to analyse financial statements.
Strong communication, networking and relationship building skills.
Good organizational and time management skills.
Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable.
Apply via company website ( https://www.aig.co.za/ ) or
aig.wd1.myworkdayjobs.com