Underwriting Quality Manager

AIG Insurance • Lenexa, KS

8d • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as Underwriting Quality Manager to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team and to work with some of the industry’s top talent. AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. 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 The purpose of the Underwriting Quality Manager for Commercial Casualty and Programs is to determine adherence to the AIG Underwriting Control Framework. This includes adherence to the underwriting authority, underwriting guidelines, procedures and rules, AIG Corporate, AIG CUO or Product Specific standards and policies as they relate to the Commercial Casualty and Programs across all legal entities. Review underwriting quality, pricing compliance, portfolio management utilization, management controls and provide senior management with commentary on the overall underwriting, go-forward critical profitable growth plans and improved control on the legacy book and financial health of the entity being reviewed. Leverage underwriting audits for capability assessments of operations in light of Product strategic business plans. The Underwriting Quality Manager will perform these tasks per their specific areas of expertise, but will also gain exposure to other lines of business. The Underwriting Quality Manager will also provide support to the Global Head of Underwriting Audit with local industry knowledge and support training initiatives. In addition, the Underwriting Quality Manager will support the Global Product team on project initiatives from time to time. Conduct audits annually across all legal entities/portfolios. Undertake pre-audit work, use audit tools, discuss grade and findings in wrap-up meetings; review critical findings and recommendations with Audited Entity, Country, Regional and Global Product teams; prepare reports; vet action plans.

Requirements

• 5+ years industry experience with a P&C carrier of significant market size.
• Management positions in underwriting with P&L responsibility is strongly preferable.
• Audit or Actuarial experience a strong plus.
• 5+ years’ experience with a P&C carrier within the Product organization.
• Proven experience in underwriting a full range of products, placing facultative reinsurance, effective demonstration of management controls and utilization of portfolio management tools, and working with diverse distribution channels are preferable.
• Working experience in multiple regions/countries is a strong plus.
• Ability to provide direction and convey strategy of Global Home Office, Underwriting Audit and Underwriting Governance to Regional and Country staff.
• Excellent knowledge of product line underwriting guidelines, risk appetite, tools, processes, management controls and pricing methodologies, including the ability to train this knowledge to others.
• Working knowledge of regulator requirements.
• Working knowledge of the actuarial function (e.g. reserving, DAC accounting, development of experience and statistical rating – aka rate reviews) and the business analytics area.

Responsibilities

• Determine adherence to the AIG Underwriting Control Framework, including underwriting authority, guidelines, procedures, rules, AIG Corporate, AIG CUO or Product Specific standards and policies.
• Review underwriting quality, pricing compliance, portfolio management utilization, and management controls.
• Provide senior management with commentary on overall underwriting, profitable growth plans, and financial health of entities.
• Leverage underwriting audits for capability assessments of operations.
• Provide support to the Global Head of Underwriting Audit with local industry knowledge and training initiatives.
• Support the Global Product team on project initiatives.
• Conduct annual audits across all legal entities/portfolios.
• Undertake pre-audit work, use audit tools, discuss findings in wrap-up meetings.
• Review critical findings and recommendations with Audited Entity, Country, Regional and Global Product teams.
• Prepare reports and vet action plans.

Benefits

• Bonus in accordance with the terms of the applicable incentive plan.
• Total Rewards Program: a comprehensive benefits package focused on health, wellbeing and financial security—as well as professional development.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed