AIG

Assistant Underwriting Manager

Makati, Metro Manila, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Candidates must possess a Bachelor’s degree in business, finance, or a related field, and demonstrate at least 5 years of experience in underwriting or a similar role within the insurance industry. Strong analytical and risk assessment skills are essential, along with a solid understanding of financial statements and company performance.

Responsibilities

As an Assistant Underwriting Manager, you will be responsible for underwriting new and renewal Financial Lines business, evaluating complex risks, determining appropriate pricing and terms, and building relationships with brokers and clients. You will also contribute to underwriting strategies, mentor junior underwriters, monitor portfolio performance, and ensure compliance with regulatory requirements. Furthermore, you will assist the Profit Center Manager in developing business plans and budgets, and deputize for them as needed.

Skills

Underwriting

Risk Evaluation

Financial Statement Analysis

Industry Trends

Pricing

Terms and Conditions

Relationship Management

Negotiation

Portfolio Monitoring

Strategy Development

Mentorship

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

Key Metrics

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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