Professional Indemnity Practice Lead, Financial - Melbourne, Australia - American International Group, Inc.

American International Group, Inc.

Verified Company

Melbourne, Australia

6 days ago

Posted by:

Olivia Brown

beBee Recruiter

Description

Professional Indemnity Practice Lead, Financial Lines

#LI-JC1

Who we are
We are a leading global insurance organisation with operations in approximately 70 countries and jurisdictions. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services.

These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty.

We're also committed to making a positive difference for our people and in the communities where we work and live.

It's why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change.

We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off program.

Get to know the business
AIG Australia 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 in Australia for more than 60 years, AIG has established a reputation as a leading insurer and ally to our multinational, corporate and SME clients.

About the Team

Consisting of underwriters across Australia, the Professional Indemnity team makes up a key component of the wider AIG Australia Financial Lines business unit.

The Financial Lines function plays a major part in AIG Australia's market offering servicing clients across the entire business spectrum from SMEs to large multinational operations.

About the role

AIG's underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG's tradition of innovation, bringing to market ground-breaking 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.

In this role you will be reporting to the Head of Financial Lines, Australia and helping to contribute to the ongoing success of AIG Australia.

You will contribute to the growth and profit of the Financial Lines business unit by underwriting new and renewal business, developing, and maintaining relationships with existing and new brokers, ensuring ongoing visibility of AIG in the market, and executing on agreed strategies.

What you need to know:

Key accountabilities will include but not limited to:

Work closely with the Head of Financial Lines, Australia and CEO, Australia to support and implement marketing and distribution strategies for your assigned sector.
Work closely with Head of Financial Lines, Australia and CEO, Australia to deliver the following, but not limited to; production reporting, renewal and new business strike rates, rate reporting, salesforce pipeline for renewal and new business, market activities, being involved in minor line profit studies.
Ensure credit control (u/cash and aged debtors) are managed to AIG expectations.
Lead, mentor and train Underwriters to enhance team's performance.
Supervise the team effectively and ensure they operate within the appropriate level of authority and in accordance with company procedures.
Perform regular quality control / audits of underwriting staff in order to validate compliance with underwriting policies, tools, procedures, and guidelines.
Identify technical and professional development needs within team and ensure career development plans are initiated.
Empower the team, motivate others, and champion diversity.
Collaborate with other Practice Lead's to provide a unified AIG Financial Lines offering where relevant.
Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
Keep abreast of developments in the global and local macroeconomic/geo and sociopolitical environment to determine their effect on current accounts and potential new business opportunities.
Represent AIG at client and broker functions without supervision as necessary/appropriate.
UW Referral point and UW authority holder.

What we're looking for:

Proven experience in relevant professional experience.
Ability to lead, train and mentor others.
A sound understanding of the Professional Indemnity environment globally and locally.
Proficient level expertise of MS Office suite including programming capability in the same.
Strong ability to identify, analyse and solve pr