Specialist, Underwriting Operations Support at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum A-level standard of education or equivalent business experience
General insurance knowledge
Knowledge of Underwriting processes with regards to: Submission/Quotes, Risk specifics, basic pricing principles, Reinsurance concepts (FAC RI, Captive, Treaties etc.), Domestic market specifics and customs
Knowledge of premium allocation principles, (European) cross-border tax calculation & processing specifics as well as insurance accounting principles
Strong organisation skills with the ability to prioritise work and meet deadlines
Collaborative with the ability to build strong relationships with key internal and external stakeholders
Excellent communication skills
Strong problem solving skills
Attention to detail
Strong IT skills - experience of Microsoft Outlook, Word, Excel, Powerpoint, Teams and Power BI would be advantageous

Responsibilities

Manage a portfolio of Accounts
Efficiently and accurately ensure all new business and renewal accounts are processed
Proactive engagement with Underwriting to ensure new and renewed accounts have an efficient and smooth account hand over, ensuring information received is understood and complete in order to process / instruct policies on systems and to the network
Liaise with Underwriters to ensure correct interpretation of data for accuracy and completeness
Maintain documentation and files, ensuring all documentation is retained centrally
Accountable for (RI) premium, (RI) commission and tax bookings in processing systems
Track implementation progress and liaise with our global network to resolve queries
Liaise with the Credit Control team - answering queries, tracking, and monitoring premium using core underwriting systems
Manage requests originating from clients and brokers, and refer to Underwriting as required
Participate in client/broker meetings, as requested by Underwriting
Regular interaction with our off-shore team – leading huddles, auditing work, quality control
Build strong relationships with internal and external stakeholders
Develop expert level knowledge with regards to systems, and processes and keep abreast of new guidelines published
Act as reference point for others in the team when questions come up and/or uncertainties exist
Support project work to ensure that existing processes meet requirements

Skills

Underwriting Operations

Account Processing

Portfolio Management

Premium Booking

Commission Tracking

Tax Booking

Stakeholder Liaison

Broker Management

Client Meetings

Quality Control

Auditing

Core Underwriting Systems

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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