
Delegated Underwriting Authority Lead, Pacific
2 days ago
#LI-JC1
Join us as a Delegated Underwriting Authority Lead to play a highly influential role in protecting our clients and growing our business.
AIG is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world's most far-reaching property casualty networks. AIG's General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Operating for more than 50 years, AIG has established a reputation as a leading insurer and ally to our multinational, corporate and SME clients.
Make your mark at AIG
AIG 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 impact
The DUA (Delegated Underwriting Authority) Lead role is an integral part of AIG's Underwriting team and will have ownership and accountability of the performance and results of all the DUAs, including oversight of centralised governance and compliance activities required to establish and implement a robust DUA governance framework across Australia and New Zealand. As a leader, you reach across geographical and functional boundaries to create alliances that further the organization's objectives and market position. Your deep and broad industry knowledge allows you to foresee external conditions that could potentially affect AIG's future.
**Key accountabilities will include but not limited to**:
Overall responsibility for the financial management, performance and achievement of DUAs
Define local underwriting appetite within AIG guidelines using underwriting authority (local delegation) and portfolio management skill sets to achieve Risk Adjusted Profit targets as set by the company
Identify, support, and contribute to internal and external strategic plans that align product offerings
Support growth opportunities, new business segments & product opportunities to achieve growth objectives
Lead the due diligence process for new DUA opportunities
Establish yourself with clients, agents, brokers to be seen as a strategic thought leader in the field
Ensure alignment amongst underwriting staff and leads on interaction with Distribution, Claims, Actuarial, Operations, Finance and other functions to achieve product and company goals
Lead the development, implementation and maintenance of DUA governance processes and systems in accordance with AIG underwriting standards
Support the DUA Audit process ensuring schedules and audit findings/actions are delivered to
Drive and support DUA governance disciplines and capability across the business, increasing adoptability
Deliver execution of relevant tasks in line with the organisation's strategic priorities and provide necessary regular updates and risk reporting to the relevant stakeholders/Committees
Continuous process improvement and issue identification, working to resolve with the necessary parties
Work effectively across the business with Profit Centre Managers, Distribution, Risk, Compliance & Legal teams to ensure regulatory requirements are met and compliant
Drive a team culture that promotes collaboration, innovation, diversity and inclusion, exemplary conduct, employee engagement and performance excellence.
What you'll need to succeed
A commercial thinker with deep knowledge of insurance and financial services industry; an ability to determine how external changes or decisions will impact the company, and plan accordingly
Proven leadership experience with detailed knowledge of underwriting and DUA governance processes
Strong communication skills and ability to build positive relationships with stakeholders
Sound knowledge of risk, compliance and audit management frameworks
Strong time management, analytical, problem-solving and project execution skills
Demonstrated ability to work under pressure and manage and deliver on conflicting priorities
Experience in producing high-quality detailed reports with excellent attention to detail
Experience in process implementation with ability to engage, influence & collaborate across multiple areas
Strong business acumen, with a proven track record of making sound judgment backed by strong analytical, quantitative, process and systems skills.
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
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