Senior Underwriter – Casualty needed at AIG

Principle duties and responsibilities

• Assist with the development of products, pricing, underwriting and risk segmentation strategies.
• Ensure renewal review process is completed within Standard Operating Procedures requirements to assist profitability and growth targets.
• Ensure compliance with data integrity requirements, underwriting guidelines, authorities, and company retention limits, through risk assessment process,
• Decide on financial transactions within authorities – discounts, rates, accepting business, declining to quote on business, declarations, endorsements, pro-rata endorsements and invoicing.
• Ensure all relevant supporting documentation (Placement Slips, Policy Wordings, endorsements, etc) are issued in line with policy requirements and standard operating procedures.
• Maintain, create and ensure sign off with relevant internal stakeholders on all policy wordings as required.
• Investigation and resolution of internal and external account queries.
• Ensure adherence to our Appetite guidelines as defined by GARB
• Develop budgets and strategies for premium growth, loss containment, profitability and retention and all other areas of underwriting responsibility.
• Participate in client/broker meetings
• Give presentations, trainings and take care of internal and external networking

Job requirements

• Minimum of 5 years working experience in casualty underwriting.
• Understanding of various premium and program structures within the insurance sector
• NQF level 5 or 6
• RE5

Core Competencies Requirements:

• Accountability
• Budgeting
• Business Acumen
• Business Development
• Career Development
• AIG product knowledge/function
• Competitive Analysis
• Conducting Presentations
• Decision making
• Insurance industry knowledge
• Insurance industry regulations / codes
• Relationship building
• Strategic Planning