d) at AIG

Frankfurt, Hessen, Germany

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Excellent university degree in law or economics (international degree preferred)
In-depth relevant experience within Financial Institutions underwriting in the following areas of financial services: banking (Retail/Private/Investment Banking), insurance, private equity/Venture Capital, portfolio/fund management
Broad knowledge of the German financial and insurance market
Ability to work in a team, ability to grasp things quickly and high resilience as well as to cope with work under stress
Minimum first experience in (team) management
Fluent in German and English

Responsibilities

Coordination, management and underwriting of Financial Institutions risks with focus on the German financial market
Continuous development of the FI strategy for Germany as well as implementation of FI-DACH-strategy for Germany in cooperation with the Head of FI DACH
Responsible for budgeting and forecasting for the German FI portfolio
Continuous improvements and developments of FI underwriting processes and procedures
Establishing and expanding the German Broker and customer network
Product Development and implementation of new FI insurance solutions (FIDO, BBB, FIPI, IMI, PE)
Contact person for wording development and negotiations with the brokers
Responsible for growing the German FI portfolio (New Business)
Referral underwriter for Financial Institutions risks
Minimum of 20% travel activity within Germany

Skills

Key technologies and capabilities for this role

Financial Institutions underwritingRisk managementPortfolio budgetingUnderwriting processesBroker network managementProduct developmentFIDOBBBFIPIIMIPEGerman financial marketBankingPrivate equityVenture CapitalFund management

Questions & Answers

Common questions about this position

What are the main locations for this role?

The position is based at our Frankfurt or Munich location.

What benefits does AIG offer?

Benefits include 30 days' vacation per year, days off on December 24 and 31, a company pension scheme, capital-forming benefits, flexible working hours, smart working, bicycle leasing, and regular Culture & Inclusion events.

What qualifications and experience are required?

Candidates need an excellent university degree in law or economics (international degree preferred), in-depth experience in Financial Institutions underwriting in areas like banking, insurance, private equity, broad knowledge of the German financial and insurance market, team management experience, and fluency in German and English.

What is the company culture like at AIG?

AIG offers a digital and international environment with flexible working hours, smart working, flat hierarchies, real creative freedom, and teamwork as the top priority, along with regular Culture & Inclusion events.

What makes a strong candidate for this Practice Lead role?

A strong candidate has in-depth underwriting experience in Financial Institutions across banking, insurance, and private equity, knowledge of the German market, team management experience, and fluency in German and English.

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