Underwriter - Energy

Who we are :

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 offers a broad range of products to customers through a diversified, multichannel distribution network.Global Functions provide a wide range of services to the organization such as Finance, Internal Audit, Communications, Security and Human Resources.

Get to know the business :

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and our standard of underwriting excellence and tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.

What you need to know :

The Facultative Energy & Construction Underwriter will be responsible for supporting the Facultative Desk Energy Product Leader in the day to day underwriting and management of the overall Energy & Construction portfolio written through the Miami FAC Desk including developing business strategy, management of broker and distribution channels, budget and business planning functions and reporting, portfolio analytics, development and training of staff, and compliance of internal policies to achieve a sustainable and profitable regional portfolio, including but not limited to :

Operational Management

Ensures the required standards of governance, systems and controls, and regulatory compliance are established and maintained for the Energy division.

Work with Claims, Finance, Operational, Accounting, Legal, and Actuarial support teams to support portfolio management functions.

Drive a culture that promotes collaboration, diversity and inclusion.

Prepare key performance indicators including but not limited to monitoring of submission flow by distribution channels and analysis of losses / claims behaviors, among others.

Support in the preparation of presentations to both internal and external stakeholders as the business requires.

Maintain updated underwriting files based on corporate guidelines.

Underwriting

Source and qualify opportunities, underwrite, manage, and service a profitable book of Assumed FAC Energy business in Latin American.

Develop, manage and execute on a pipeline of new business opportunities.

Manage existing and develop new producer and client relationships throughout the region.

Work alongside other FAC Desk products to effectively cross-sell the company's offerings.

Collaborate with engineering and technical specialist to identify and understand risk exposures.

Negotiate policy terms and coverages so that coverage terms align with the company directives.

Utilize underwriter authority in accordance with our corporate risk appetite and strategy.

Support Product Leader with development and execution of the LAC Energy underwriting strategy within global ‘guardrails. This includes detailed monitoring and quality reviews to assess loss ratios, underwriting results, and P&L performance.

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.

Develop strong, long-term relationships with brokers and clients to profitably grow a the portfolio.

Provide superior customer service to brokers and clients.

What we’re looking for :

University degree : Engineering degree preferred.

This position is for seasoned candidates in the area of Energy underwriting / industry experience in Latin America including but not limited to Power Generation, Oil & Petrochemical, Mining in Operation, and Construction (CAR / EAR).

Strong understanding of risk selection process, exposure analysis including BI calculations, CAT perils, and analytical interpretation of engineering survey reports.

Strong understanding of actuarial methods in support of pricing risk, claims and reserving practices.

Advanced working knowledge of local & global policy forms, manuscript wordings, industry specific clauses and coverages.

Knowledge of development in industry technology standards, emerging issues & trends, and general market conditions.

Established LAC FAC broker network with strong professional relationships with reinsurance intermediaries in the region.

Knowledge of LAC FAC market placement dynamics and distribution channels.

Demonstrated business savvy, analytical and quantitative skills with strong problem-solving abilities.

Strong business acumen, with a proven track record of making sound judgment backed by strong analytical and quantitative skills.

Strategic and result oriented, managing vision and purpose.

Strong influencing and communications skills, and ability to work collaboratively and manage stakeholders effectively in a matrix structure and across a wide geography.

Excellent written and verbal communication skills; Fluency in English and Spanish.

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

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