Underwriting Support Specialist at AIG

San Juan, Puerto Rico, Puerto Rico

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Preferable, although not required, bachelor’s degree in Accounting, Finance, or a related field of study
Some exposure to underwriting concepts and experience in the Insurance Industry
Fluent and excellent written and verbal communication skills (English & Spanish)
Analytical skills, organized, proactive, and detail-oriented
Interpersonal and teamwork skills
Proficient in the use of MS Office suite products, especially Excel (a must)

Responsibilities

Issue policies, endorsements, binders, and certificates in AIG and third-party booking systems
Support underwriters on the follow-up of quotes and/or subjectivity in order to complete the sales process and booking process
Complete the underwriting cycle of all bound accounts in AIG and third-party systems, including binding accounts, facultative reinsurance platform binding process, catastrophe exposure system, and rating system
Provide support to Underwriters regarding the proper filing of bound accounts in One View or any other platform AIG uses for such purpose
Provide a high level of customer service by timely response to broker requests and deadlines
Assist in the day-to-day operations to underwriters as required

Skills

Key technologies and capabilities for this role

ExcelMS OfficeUnderwritingPolicy IssuanceReinsuranceBooking SystemsCustomer ServiceEnglishSpanish

Questions & Answers

Common questions about this position

Is this role remote or onsite?

The position is primarily onsite, with a focus on in-person collaboration.

What benefits does AIG offer?

AIG offers a comprehensive Total Rewards Program, including benefits focused on health, wellbeing, and financial security.

What skills are required for the Underwriting Support Specialist role?

Key requirements include excellent written and verbal communication skills in English and Spanish, analytical skills with strong organization and attention to detail, interpersonal and teamwork skills, and proficiency in MS Office suite, especially Excel.

What is the work environment like at AIG?

The work environment is primarily onsite with a strong emphasis on in-person collaboration, supporting underwriting teams in various insurance areas like Financial Lines, Property, and Cyber.

What makes a strong candidate for this position?

A strong candidate would have some exposure to underwriting concepts and insurance industry experience, preferably a bachelor’s degree in Accounting, Finance, or related field, along with bilingual English/Spanish fluency and Excel proficiency.

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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