Senior Risk Manager
1 month ago
About the Role
AIG is seeking a skilled Senior Underwriter to play a key part in our transformation of the insurance industry. As a Senior Underwriter, you will be responsible for identifying and underwriting profitable accounts within underwriting limits, maintaining strong relationships with agents, brokers, and clients, and managing assigned accounts to ensure efficient document workflow.
Key Responsibilities
- Exercise prudent underwriting through a rigorous risk assessment process, considering loss control, claims history, and other risk management factors.
- Ensure adherence to underwriting authority and guidelines, referring cases outside your authority to the Manager.
- Complete quotations and renewals reviews within agreed SLAs.
- Provide product and underwriting training to internal staff and brokers/agents/partners.
- Meet the budgeted loss ratio.
Portfolio Management
- Perform portfolio review and analysis on a periodic basis on the Auto business.
- Support the Head of Auto in the monthly/quarterly P&L budget/forecast.
- Support the Head of Auto in collecting, compiling, and analyzing relevant data for customer segmentation, customer analysis, and market trends.
Business Development and Retention
- Engage with internal stakeholders for technical or marketing support for business development initiatives.
- Develop and maintain strong relationships with agents, brokers, partners, and clients.
Business Operations and Systems
- Adhere to internal SLAs to ensure operational efficiency.
- Monitor the TAT of the processing team on policy issuance, including fleet vehicle inclusion/deletion/endorsement, and ensure documents are issued within SLAs.
- Assist with system enhancement requirement gathering and conduct user acceptance testing.
Audit and Compliance
- Ensure adherence to audit requirements.
- Ensure adherence to regulatory, risk, and compliance requirements.
- Complete assigned training.
Requirements
- Degree in Business, Statistics, or Mathematics.
- General Insurance Certification (BCP, PGI, CommGI).
- Strong insurance knowledge, including underwriting concepts and local business practices.
- Proficient in MS Office applications.
- Relevant experience in portfolio management and analytics is preferred.
- Skills with SQL, Power BI, and Tableau are an advantage.
- Effective communication and influencing skills, with the ability to collaborate and work across multiple areas of the organization.
- Negotiation skills and the ability to influence others.
- Ability to build strong relationships with channel partners and internal colleagues.
- Analytical and quantitative skills.
- Ability to work as a team player.
- Positive attitude and ability to manage challenges.
AIG is a global leader in commercial and personal insurance solutions, and we are committed to creating a culture of belonging. We foster a culture of inclusion and diversity through flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs). If you are passionate about insurance and want to make a difference, we encourage you to apply for this exciting opportunity.
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