Senior Underwriting Assistant - London, United Kingdom - AIG

AIG

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Senior Underwriting Assistant, Underwriting Support (Grade 16)

This position is part of the UW support career progression and may report to a Senior Specialist, UW Support, Team Leader, or to a Team Manager, Underwriting Support.

The UW Asst is an individual contributor within the Underwriting Support Unit of the product field operations.

The individual is expected to actively develop their knowledge and understanding of the fundamental skills and functions of the underwriting support process, underwriting process, risk analysis, and operational drivers.

Duties:

This role handles the most complex accounts and provides technical guidance to the other junior support staff. The role works under moderate supervision.
Partner with regional underwriters and/or more senior UW Support employees in the end-to-end processing of new and renewal business.

Evaluates new and renewal submissions against prescribed criteria to determine completeness; documents outstanding items and include them in communication to an underwriter for review.

Assists in the follow-up and securing of outstanding items from the broker.
Works closely with underwriters and CoE partners to develop and deliver tailored solutions.
Identify and resolve account alerts and blocks during the submission process to avoid account conflicts.
Upon underwriting instructions, forwards individual lines of business to Shared Services for rating.
Trains on and demonstrates proficiency in utilizing underwriting systems.
Perform data analytics, remodeling, when necessary, referral documentation preparation and completion, as well as form checklist and working approval.

This may include (depending on LOB):
Review location data and CAT modeling results that are reported accurately, as appropriate.
Analyze loss information and financial statements to facilitate quote development. Pre-populate loss rating models.
Assist with the issuance of quotes, binders, policies, endorsements, and cancellations within prescribed timelines.
Requests individual policy filings as needed.
Prepares policy writing instructions for Shared Services and premium billings.
Manages bureau crits on assigned accounts and follows up with brokers on outstanding information.
Prepare documents for reinsurance quotes for underwriting.
Complete post-issuance policy review and document all discrepancies for review with Sr. UA, Team Lead, or account underwriter. As agreed, forward discrepancies to Shared Services for correction.
Track premium booking and policy issuance to ensure LOB metrics are met. Escalate to Sr. UA, Team Lead, or account underwriter as needed.

Communicate account status to manager or underwriter to ensure completion of outstanding items needed to execute policy issuance and premium collection.

Maintain accurate and updated files for all accounts in accordance with internal service standards and procedures.
Attend broker or client meetings as requested by underwriting.
Consistently meet service levels agreements and metrics in terms of volume, accuracy, and quality.

Job Requirements:

1-3 years of related insurance experience and/or training; or equivalent, a relevant combination of education and experience.
Prioritizing - able to navigate and switch between multiple proprietary, vendor, web-based, and standard computer systems.
Microsoft Office - proficiency in Excel, Word and Powerpoint
Learning Agility - willingness to learn from experiences and new situations.
Client Servicing - ability to anticipate client (internal and external) needs and act proactively.
Problem Solving - identify problems and solutions matched to the appropriate solutions.
Attention to Detail - demonstrate attention to detail to ensure accurate documentation is maintained.

A look at our Benefits

We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing.

We provide a variety of leaves for personal, health, family and military needs.

For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community.

Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers.

We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

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, co