d) at AIG

Frankfurt, Hessen, Germany

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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

FI Underwriting

Financial Institutions

Banking

Insurance

Private Equity

Venture Capital

Risk Hedging

Budgeting

Forecasting

Underwriting Processes

Broker Network

Product Development

Negotiations

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.

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