Business Development Underwriter - Trade Credit at AIG

London, England, United Kingdom

Apply Now

Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Previous experience working in Risk analysis and underwriting (essential)
At least 2 to 3 years work experience in trade credit sector
Understanding of commerce, economics, and accountancy
Sound credit analysis skills (P&L, balance sheet, and cash flow understanding along with key ratio analysis and proven ability to write credit reports)
Analytical skills to assess all sizes of companies in all business sectors, including ability to articulate results, credit risk assessment, problem solve and provide recommendations
Pro-active ‘team player’ who can deliver the team objective as well as individual goals
Ensure policies and risks remain compliant with AIG underwriting guidelines, audit requirements, processes, and procedures
Ability to build strong relationships based on integrity and trust
Proficient with Excel and Word
Good communication skills (written and verbal)
Excellent customer service disciplines, problem solving mentality
Ability to self-manage, self-driven and desire to further develop

Responsibilities

Grow the Middle market new business book of business and help develop a strong pipeline of new business opportunities through the broker network
Support new business team with timely responses to new business quotes
Maintaining first class customer service experience in line with agreed service levels
Supporting New Business underwriters with the procurement and on boarding new policyholders
Credit analysis, Limit approval within predefined authorities
Keeping up to date with market, economic, sector and country news
Build and maintain strong relationships with brokers, intermediaries, and service providers
Establish a culture of underwriting excellence through improved underwriting decision making, risk selection and data quality including through rigorous adherence to Underwriter Scorecard KPIs
Self-development utilizing available company resources to grow, including regulatory requirements
Promoting the AIG brand through broker engagement and assisting in new business premium growth in line with AIG growth strategy and broker engagement drive
Collaboration between new business risk underwriting and sales team to ensure we put our best terms forward first time round

Skills

Key technologies and capabilities for this role

Trade Credit InsuranceRisk UnderwritingBroker EngagementCredit AnalysisBuyer Risk EvaluationNew Business DevelopmentPolicy OnboardingLimit ApprovalCustomer ServiceMarket AnalysisEconomic AnalysisSector Analysis

Questions & Answers

Common questions about this position

What experience is required for the Business Development Underwriter role?

Previous experience in risk analysis and underwriting is essential, with at least 2 to 3 years in the trade credit sector. Candidates need sound credit analysis skills including P&L, balance sheet, cash flow understanding, key ratio analysis, and the ability to write credit reports.

What are the main responsibilities of this position?

The role involves growing the Middle market new business book through broker networks, supporting new business quotes, maintaining customer service, performing credit analysis and limit approvals, building broker relationships, and ensuring underwriting excellence.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What kind of candidate stands out for this underwriter position?

A proactive team player with analytical skills to assess companies across sectors, strong broker relationship-building abilities, and a commitment to underwriting excellence and self-development will stand out.

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.

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.

Land your dream remote job 3x faster with AI

Try Jobo Free