What you need to know:

Identify and underwrite profitable liability accounts within underwriting authority, limits and guideline as outline by the Chief Underwriting Officer.

Maintain and grow relationships with brokers under PCM direction.

Manage assigned accounts, ensuring efficient document workflow in line with operational procedures.

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

#AIG-LI

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG South Africa