AIG Careers: Underwriter Energy - Jobs in South Africa

AIG Careers: Underwriter Energy

Posted on :

11 Jun, 2013

Category :

Energy Jobs in South Africa

AIG Vacancies for Underwriter Energy

Location: Johannesburg

Job Description:

Job Title: Senior Underwriter Energy
Job ID #: 84840 Employment Type: Full Time – Permanent
Location: Johannesburg Education Preferred: Professional Qualification
Business Unit: AIG Property Casualty Relocation Provided: No
Functional Area: Underwriting – Commercial Lines Travel Percentage: 0%


Position Description
We are seeking a Senior Underwriter Energy and Engineered Risks who will be responsible to identify and underwrite profitable accounts under the direction and guidance from the PC Manager and within underwriting limits. Maintain and grow relationships with brokers in co-operation with Branch management and the Business Development Manager. Manage a portfolio of assigned accounts, ensuring efficient document work flow in line with operational procedures.

Reporting to the PC Manager, this role is based in Johannesburg, South Africa.


Specific responsibilities will include:

Technical Underwriting:
-Underwrite business within underwriting authority thorough a rigorous risk assessment process which includes consideration of loss control, claims history and all other appropriate risk management factors;
-Play an active role in the development and negotiation and sign off of large programs by motivating limits and policy structures where referral is required;
-Provide technical underwriting guidance to junior underwriters as directed by PC Manager;
-Ensure adherence with all underwriting guidelines and referrals.


Portfolio Management:
-Manage allocated portfolio accounts in profitable and sustainable growth, constantly assessing overall performance of the portfolio and make recommendations for adjustments to the PC Manager as needed;
-Provide accurate estimates and reports as required.


Business Development and Retention:
-Keep abreast of market changes and trends;
-Proactively engage with BMC’s to provide technical support for branch business development initiatives;
-Seek opportunities to improve synergies and participate in cross sell initiatives with other profit centres;
-Develop and maintain strong personal and professional relationships with clients and brokers;
-Represent Chartis on industry bodies and professional associations and organizations.


Business Operations:
-Adhere to internal SLA to ensure operational efficiency and achievement of agreed customer service standards.


Expense control:
-Manage all expenses within budget. Continuously work to reduce the expense ratio through constant attention to efficiencies and opportunities to maximize productivity through streamlining of processes.


Audit and Compliance:
-Ensure adherence to audit requirements;
-Ensure adherence to regulatory and compliance requirements.


Position Requirements
The successful candidate will have a level degree in business, economics, insurance or marketing. Insurance qualification and be FAIS compliant.

3-5 years short term insurance underwriting experience, including at least 2 years in line of business.


About AIG
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions.AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.

AIG Property Casualty is a global market leader, one of the few truly global property casualty franchises. AIG Life and Retirement is one of the largest life insurance organizations in the U.S., and provides protection, investment and income solutions needed for financial and retirement security.

United Guaranty Corporation is the marketplace leader in mortgage insurance in the U.S.


To Apply for AIG Careers:

Click on the Apply Now button at the end of this page to apply online

Deadline: 30th June 2013

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