Underwriting - Property

AIG • Río Piedras, PR

4d • Onsite

About The Position

Join us as an Underwriter to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your first Senior level role. 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. At AIG, we empower our underwriters to put their exceptional analytical skills to use every day to assess and measure risk. Their decisions are critical to driving the company’s success and profitability. Our underwriters embody AIG’s tradition of innovation, developing insurance solutions to minimize the risk exposures of corporate and individual clients. They delve into a wide range of areas, including aviation, catastrophic events and high-net-worth individuals. How you will create an impact: Evaluate risks, quote and issue Property policies in order to increase production on a profitable business. Analyze, prepare, define structure, place and negotiate facultative reinsurance either directly or through reinsurance brokers, adhering to reinsurance and underwriting policies and procedures. Negotiate externally and internally the underwriting of the accounts and analyze engineering information (survey reports), valuation reports, catastrophe modelling results and other documents of underwriting. Request additional information to the insurance brokers to analyze the risk, if it was deemed relevant. Drive underwriting excellence across the business determining acceptability of the risk by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy. Collaborate with Distribution, Executive, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers and ceding companies. Provide superior customer service to brokers and clients. Increase policy retention on the line of businesses. Contribute to operational efficiencies. What you’ll need to succeed:

Requirements

• Bachelor’s Degree in Business Administration (Finance or Accounting preferred)
• Demonstrated business savvy, analytical and quantitative skills with strong problem-solving abilities.
• Experience in Property underwriting accounts for at least one year.
• Proficient in the use of MS Office suite products specially Excel (a must) and Word.
• Excellent communication skills in English and Spanish including verbal, written and negotiation.
• A proven track record of excellent customer service skills and Interpersonal skills.
• Fast learner and has decision making criteria.
• Excellent organizational and prioritization skills.
• A good level of experience in writing reports and business correspondence.

Nice To Haves

• Experience in facultative reinsurance is desirable.

Responsibilities

• Evaluate risks, quote and issue Property policies in order to increase production on a profitable business.
• Analyze, prepare, define structure, place and negotiate facultative reinsurance either directly or through reinsurance brokers, adhering to reinsurance and underwriting policies and procedures.
• Negotiate externally and internally the underwriting of the accounts and analyze engineering information (survey reports), valuation reports, catastrophe modelling results and other documents of underwriting.
• Request additional information to the insurance brokers to analyze the risk, if it was deemed relevant.
• Drive underwriting excellence across the business determining acceptability of the risk by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.
• Collaborate with Distribution, Executive, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers and ceding companies.
• Provide superior customer service to brokers and clients.
• Increase policy retention on the line of businesses.
• Contribute to operational efficiencies.

Benefits

• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees