Assistant Underwriting Manager

Job title: Assistant Underwriting Manager

Company: AIG


Job description: At AIG, we are reimagining the way we help customers to manage risk. Join us as an Assistant Underwriting Manager to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.Make your mark in Financial LinesAIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.How you will create an impactThe Assistant Underwriting Manager, Financial Lines is responsible for underwriting and managing a portfolio of Financial Lines insurance products, including Directors and Officers (D&O) Liability, Professional Indemnity/Errors and Omissions (PI/E&O), Cyber, Crime, Financial Institutions, Initial Public Offering (IPO), Crisis Solutions, and other related lines This role involves assessing complex risks, determining appropriate terms and conditions, and building strong relationships with brokers and clients. The Assistant Manager will also contribute to the development of underwriting strategies, mentor junior underwriters, and support the overall growth and profitability of the Financial Lines business in the Philippines and Guam.Underwrite new and renewal Financial Lines business in accordance with established underwriting guidelines and authority levels for both Philippines and Guam.Evaluate complex risks, including analyzing financial statements, company performance, and industry trends.Determine appropriate pricing, terms, and conditions for insurance policies.Develop and maintain strong relationships with brokers, clients, and other stakeholders.Negotiate terms and conditions with brokers, cedants, agents and clients.Monitor portfolio performance, identify trends, and implement corrective actions as needed.Contribute to the development and implementation of underwriting strategies and initiatives.Mentor and train junior underwriters, providing guidance and support.Ensure compliance with all regulatory requirements and internal policies.Collaborate with claims, actuarial, and other departments as needed.Stay updated on industry trends, market conditions, and emerging risks.Participate in business development activities, including marketing and presentations.Handle all Financial Lines products.Report to the Profit Center Manager on portfolio performance, market trends, and underwriting strategies.Assist the Profit Center Manager in developing and implementing business plans and budgets.Deputize for the Profit Center Manager as needed.What you’ll need to succeedBachelor’s degree in business, finance, or a related field.Experience in Financial Lines underwriting.Strong knowledge of Financial Lines insurance products, underwriting principles, and industry practices.Excellent analytical, risk assessment, and decision-making skills.Strong financial acumen and ability to interpret financial statements.Excellent communication, interpersonal, and negotiation skills.Ability to build and maintain strong relationships with internal and external stakeholdersAbility to work independently and as part of a team.Proficiency in Microsoft Office Suite and underwriting systems.Strong understanding of local insurance regulations and compliance requirements.Tenacious, motivated, proactiveLeadership or mentoring experienceReady to take your career to the next level? We would love to hear from you.At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.Enjoy benefits that take care of what mattersAt 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 worldAmerican 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 inclusionWe’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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 .Functional Area: UW – UnderwritingAIG Philippines Insurance Inc

Expected salary:

Location: Makati City, Metro Manila

Job date: Sun, 18 May 2025 00:55:35 GMT

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