Senior Underwriting Specialist - Trade Credit

AIG is seeking a Senior Underwriter for the Structured Credit & Project Finance business which is a product tower within the well-established Political Risk Group (PRG) at AIG specializing in the underwriting of credit products (both single asset and portfolio transactions) including coverage of sovereign, corporate and project / asset finance risk.

With underwriting hubs in North America, EMEA, and Asia the Political Risk Group manages a global risk portfolio which is earmarked for growth within AIG’s Credit Lines businesses.  

How you will create an impact:

• Analyzing and evaluating a diverse range of Project Finance and Structured Credit (private corporates) opportunities with a view to recommend (and/or approve) and price transactions that fit within AIG’s risk appetite.
• Working closely with the PRG teams in Europe and Asia in driving business growth by leveraging on existing suite of credit products and participate in new product development.
• Establish and strengthen relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
• Negotiate Insurance policy wordings with brokers and financial institutions and review facility documentation.
• Preparation of in-depth internal credit risk assessment (including extensive financial modeling and financial statement analysis) & other related transaction material in support of underwriting requests and recommendations
• Proactively monitoring a diversified portfolio of project finance and structured credit exposures to ensure compliance with internal policies and preparing regular updates and reporting for management (e.g. covenant monitoring, obligor performance, sector and country analysis)
• Ensure deteriorating obligor trends are timely identified and work jointly with Claims division to manage problem credits and workout situations

What you'll need to succeed:

• Bachelor’s Degree, preferably Finance related. Relevant industry accreditations such as FRM, CFA, ACII will be an added benefit
• Preferably at least up to 7 + years of credit underwriting or banking experience in credit / syndication / origination or a loan-focused product role, with a track record in managing credit approval processes and negotiation/execution of loan and insurance documentation.  

For positions based in Jersey City, NJ the base salary range is $107,000 - $133,000. 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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Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

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].  

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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