Underwriter A&H

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

About the role

What you need to know:

Underwriter, A&H Spain, reporting to the Lead UW, Spain will contribute by underwriting new & renewal business, developing, and maintaining relationships with new and existing brokers, building strong client relationships, and working to carry out agreed strategies.

Job Responsibilities

• Evaluates new and renewal policies and endorsements against prescribed criteria to determine if risk qualifies for acceptance; verifies and rates new business; investigates inconsistencies related to risk acceptance; reviews situations not covered by criteria; and develops information for underwriters to isolate problems.
• Manage underwriting to achieve profitable growth, including underwriting new business, renewals, quotes, and other transactions.
• Prepares policy writing instructions and premium billings; analyzes submissions for accuracy of policy issuance information from the underwriter and/or broker, ensuring policies contain all compliance information as indicated on the hand-off sheet; and checks/signs policies prior to release.
• Support Group underwriting to achieve profitable growth, including underwriting new business, renewals, quotes, and other transactions.
• Understanding of the local insurance broker community, plus the ability to build relationships with brokers and senior management.
• Establish and leverage strong relationships with Clients, Brokers and Partners.
• Analytical and quantitative skills.
• Proficient knowledge of key regulatory requirements.
• Communicates with producers, insureds, bureaus, etc. to ensure common understanding.
• Assists the senior underwriter in the preparation of business, line reports and agency analysis and completion of the Audit; prepares underwriting hand-off sheets and renewal information; assists in the review of procedures to resolve issues.
• Participates in research projects involving identification and classification data; conducts Quality Control of issued policies and accurate file maintenance; and reviews experience and classification.
• Visit producers to establish effective relationships.
• Able to internally engage with Local & Regional Leadership.
• Integrator: Collaborate with multiple technical, functional, distribution and client/broker management resources, local, regional, and global, across the wider business.
• Build and maintain appropriate, strong, and effective business relationships with stakeholders.
• Drive a culture that promotes collaboration, diversity, and inclusion.

What we’re looking for:

• Strong and relevant experience of product and local market experience, with underwriting assistance experience with individual insurance products. Experience with group, travel, specialty, and affinity products would be a plus.
• Fluent in Spanish and English.
• Strong sales and negotiation background: ability to influence others to develop business, negotiate agreement, with a strong understanding of sales process, including pre-sale and post-sale requirements of the business.
• Strong understanding of the local insurance broker community (Corporate, Medium and Individual Brokers).
• Analytical and quantitative skills.
• Strong customer service ethic, with a sound understanding of the business processes.
• Knowledge of key regulatory requirements.
• Good risk analysis and technical skills.
• Self-motivated and uses own initiative for both internal and external issues.
• Ability to maintain a flexible approach and adapt rapidly to changing work environments.
• Demonstrated success in using research, analytics, and testing methodologies to make business decisions.
• Strong interpersonal and communication skills. Ability to work across interdisciplinary teams and cultivating a network of productive relationships.
• Entrepreneurial spirit, proactive and team worker.
• Strong problem-solving skills and willingness to roll up one's sleeves to get the job done.
• Strong oral and written communication skills.

We are an Equal Opportunity Employer

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Functional Area: UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Europe S.A. (Spain branch)