Assistant Manager - Property
AIG
As the Assistant Manager for Property Lines Puerto Rico, you will play a crucial role in driving profitable growth, maintaining strong relationships with brokers, and ensuring the delivery of exceptional customer service.
Make your mark in Underwriting:
AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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 impact:
Team & Operational Management
+ Support Head of Global Property Puerto Rico with senior management information requests, such as reports, business drivers, quarterly business reviews, strategies, among others.
+ Support Head of Global Property Puerto Rico to drive continuous professional development of the Property team and internal/external trainings required.
+ Manage and develop junior underwriting team.
+ Supports team in making business decisions that leverage their expertise and experience in combination with analytical models.
+ Ensure the required standards of governance, systems and controls, and regulatory compliance are established and maintained by Property team members.
Underwriting
+ Actively source business opportunities and underwrite Property accounts on a direct and fac assumed basis, as per Business Plan objectives.
+ Analyze, prepare, define structure, place and negotiate facultative reinsurance either directly or through reinsurance brokers, adhering to reinsurance and underwriting policies and procedures.
+ Supports team in escalation and negotiation of internal referrals based on technical and commercial arguments, as needed.
+ Supports Head of Global Property Puerto Rico with development, monitoring and influence the deployment of Property underwriting strategy, P&L, product development, executing upon agreed strategies.
+ Perform file peer reviews and support Head of Global Property Puerto Rico in the preparation and management of internal audits, and implementation of action plans derived from them.
+ Drive underwriting excellence across the business by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.
+ Collaborate with Distribution, Executive, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers and ceding companies.
+ Develop strong, long term relationships with brokers and clients to profitable grow a book of business.
+ Provide superior customer service to brokers and clients.
+ Support in the preparation of commercial presentations, marketing material and other initiatives as the business requires.
+ Drive a culture that promotes collaboration, diversity and inclusion.
+ Work with Distribution, Claims, Finance, Operational, Compliance and Legal teams to support portfolio management functions.
+ Support in the generation and analysis of key performance indicators, including but not limited to monitoring of submission flow, effectiveness ratios, analysis of losses/claims behaviors, among others.
+ Maintain updated underwriting files based on corporate guidelines.
What you’ll need to succeed:
+ Bachelor’s degree. Preference is in business administration (Finance, Accounting or Risk Management); or Master’s Degree; or a combination of university and years of experience.
+ This roles suits candidates that already have a broad and solid exposure to underwriting concepts and decision making criteria, similar experience with the job responsibilities, including managing people,
+ Demonstrated business savy, analytical and quantitative skills with strong problem-solving abilities.
+ Extensive direct and facultative Property underwriting experience in Puerto Rican market, with expert technical underwriting background in Property. Desirable experience in Property facultative reinsurance across the Caribbean.
+ Proven track record of delivering profitable growth in Property portfolios.
+ Excellent written and verbal communication skills. Fluency in English and Spanish.
+ Strong business acumen, with a proven track record of making sound judgement backed by strong analytical, quantitative, process and systems skills.
+ Strategic and result oriented, managing vision and purpose.
+ Strong influencing and communication skills, and ability to work collaboratively and manage stakeholders effectively in a matrix structure.
+ Experience working with Catastrophe models (RMS, AIR and similar) is preferred.
+ Proficient in the use of MS Office suite products specially Excel (a must) and Word, Adobe.
Ready to step up to new challenges? 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 matters
At 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 world
American 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 inclusion
We’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 candidatecare@aig.com.
Functional Area:
UW - Underwriting
AIG Insurance Company - Puerto Rico
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