Senior Underwriter Liability Lines - Kenya at American International Group, Inc. (AIG)

About the role

What you need to know:

Liability Lines profit centre is responsible for underwriting WIBA; WIBA plus; Employers Liability, Public Liability, Commercial General Liability Product Liability/Product recall, Contaminated Product Insurance and Environmental Impairment Liability Insurance.

The role is expected to ensure profitable growth of Liability Lines business whilst maintaining sound underwriting standards within prescribed underwriting authority.

Where the tasks in the job are well performed, it is expected that the business line will realize profitability by achieving budgeted production, acceptable loss and expense levels.

Responsibilities

Underwriting

• Respond to underwriting queries on Key account issues.
• Prepare policy wordings for new products and product enhancements
• Receive and execute new and renewal instructions.
• Issue quotations and invoices as may be requested by the producer.
• Engage producers on renewal retention of Key accounts.
• Oversee producer training in collaboration with the Distribution Team.
• Make decisions on policy wordings and endorsements, (subject to authority)
• Make decisions for corrective action on accounts with poor claim ratios
• Ensure adherence with all underwriting guidelines and referrals

Business Development and Retention

• Seek new business opportunities and assist in the pursuant of new partnerships.
• Assist to drive Digital and Direct marketing sales strategies
• Quote on new business and renew existing accounts
• Participate in cross-sell and up-sell initiatives with other profit centres

Portfolio Management and Reporting

• Prepare various management reports as may be requested from time to time
• Manage allocated portfolio accounts in profitable and sustainable growth, constantly assessing overall performance of the portfolio and make recommendations for adjustments to the Profit Centre Manager as needed.
• Assist in portfolio analysis
• Provide input for budgets and forecasting

Business Operations

• Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards
• Respond to enquiries from brokers, clients, branch office, outsourcing partners and support staff

Audit and Compliance

• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements

What we’re looking for:

Qualifications

• Tertiary qualification/degree in a Business discipline
• Insurance Technical qualifications CII/ACII.
• Proficiency in IT applications widely used for business

Experience & Knowledge: -

• Over 5 years’ experience in Underwriting (preferably Liability Lines)
• Over 5 years' working experience in a General Insurance Company
• Business Development working experience is an advantage

Skills & Competencies

• Excellent technical underwriting knowledge
• In depth knowledge of the current business and marketing trends
• Confidence to prepare and present tailored presentations to a varied set of audience
• Strong client management skills and ability to keep promises
• Confident negotiator and ability to “close the deal”
• Team player

Only shortlisted candidates will be contacted

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected] Reasonable accommodations will be determined on a case-by-case basis.