Senior Underwriter - Trade Credit - Multinational & Strategic at AIG

London, England, United Kingdom

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • A good understanding of financial assessment including ability to understand profit and loss, balance sheet and cash flow analysis
  • Proven business acumen and successful commercial career experiences with multinational programs, MN companies and global brokers
  • Good understanding of Trade Credit, wordings, processes and documentation

Responsibilities

  • Hold a ‘dual-pen’ authority – forming a single point of contact for a portfolio of clients
  • Work on new business development in partnership with our dedicated new business Underwriters and global Multinational leadership team
  • Assess specific counterparts and their financial statements to set agreed credit limits
  • Negotiate commercial terms with our customers at year end renewals and during the mid-point of policies where appropriate
  • Develop and maintain a strong relationship with key broking partners
  • Work with clients to improve their credit management and steer them clear of bad debts
  • Underwrite to an agreed acceptable loss ratio
  • Be up to date with sector, economic and political risk trends
  • Work with the head of Strategic & Multinational in the UK on budgeting and reporting
  • Participate in the AIG Global Solutions team supporting the establishment of the Trade Credit Multinational AGS brand as a leading XOL market and multinational program Underwriter

Skills

Trade Credit Insurance
Underwriting
Excess of Loss (XOL)
Buyer Credit Limits
Portfolio Management
Client Relationship Management
Broker Relationships
Renewal Negotiations
Risk Management

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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