Underwriting Specialist (Credit Officer) - Trade Credit

This Underwriting Specialist (Credit Officer) - Trade Credit role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact:

Credit Analysis

• Perform credit reviews and rating recommendations for large buyer portfolio / Higher Risk and Watchlist Buyers. Establish aggregate limits within Trade Credit appetite framework to support underwriting production targets.
• Respond to Underwriter ad-hoc requests for buyer reviews related to specific renewals and/or new business opportunities in a time efficient manner.
• Present transactions to Credit Committees where individual buyer limits and aggregate buyer limits trigger agreed thresholds.
• Assist and guide Underwriters with new or renewal buyer portfolios as it pertains to buyer risk, policy structure and mitigation parameters.
• Initiate and/or participate in buyer calls and/or visits as needed to ascertain applicable risk profile and appropriate risk appetite

Compliance Monitoring / Training and processes

• Ensure rating coverage and aggregate limits for large Buyer names.
• Ensure all Policyholders have been assigned a rating.
• Ensure rating aging is within AIG Credit Policy Guidelines.
• Ensure all approvals are recorded and related supporting materials saved to AIG System.
• Assist to enhance trade credit finance risk management practices.
• Prepare and deliver training for local and global colleagues on credit and transaction analysis.

Reporting / Portfolio Management

• Prepare monthly and quarterly exposure reports as required.
• Update regional Watch List names and strategies for quarterly review
• Respond to ad-hoc exposure inquiries.
• Undertake sector reviews (split by policyholder or Buyer) on a periodic basis as is deemed necessary by the Chief Credit Officer or Regional Head of Credit.

What you'll need to succeed:

Competences and experience

• 5+ years' credit risk and transaction analysis experience developed within a leading trade credit or equivalent organization.
• Experience of using different market leading credit risk management portfolio techniques and tools.
• Understanding of trade credit/trade finance policies and their respective credit risk drivers and mitigants.
• Strong communication skills, written and oral, presentations.
• Organizational skills and project management.
• Interpersonal skills – team player with internal and external stakeholders / clients.
• Ability to manage time pressure, deadlines and competing tasks / prioritize in a changing environment.
• Ability to handle a varied workload in a diverse and growing portfolio.
• Proven decision-making skills.
• Fluent English, ability to engage with diverse, global teams.
• Willingness to travel regionally is desirable.
• Business acumen.

Technical skills & knowledge

• Expertise in Excel, PowerPoint, Word, basic transactional modelling and forecasting.
• Competent in IT packages and institutional systems.
• Knowledge of different risk and portfolio management packages are desirable.

Ready to step up to new challenges? We would love to hear from you.

For positions based in New York City, the base salary range is $81,000 - $109,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.

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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].  

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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