Head of FAC RI, GCC

1 week ago


Business Bay, United Arab Emirates AIG Insurance Full time

LI- AIG Job PurposeThe purpose of this job is to manage the Reinsurance Casualty Portfolio for all geographies under the purview of GCC&NA ClusterThis role will be responsible for Profit and Sales for the Casualty division focused on Commercial General Liability Workers Compensation / Employers Liability Defense Base Act Commercial Auto Product Recall and Environment Impairment Liability. Additionally this role will also be responsible for oversight of underwriting staff portfolio management building and enhancing broker and insured relationships training & developing current underwriting teams hiring additional staff maintaining profitability and development/execution of successful business plan. Qualifications/Education/Experience/KnowledgeQualifications & Education:Degree/Insurance QualificationsExperience:Experience in underwriting and handling Casualty PortfolioTraining:No mandatory external trainingKnowledge:Extensive underwriting and market knowledge AccountabilitiesPortfolio ManagementOwnership of Casualty Reinsurance P&L. This includes taking correctivemeasures on GOE NLI and acquisition costs wherever required.Ensure adherence to Casualty Underwriting Guidelines as set forth by the ChiefUnderwriting Office.Ensure all relevant tools such as but not limited to Duck-Creek or equivalentraters local rating guidelines and all other guidelines set locally in support ofunderwriting strategy are strictly followedResponsible for maintaining a profitability portfolio of all Casualty linesincluding but not limited to CGL WC/EL DBA Commercial Auto ProductRecall and Environment Impairment Liability.Responsible for working with the Chief Underwriting office to develop localstrategies which may deviate from global strategiesRetention and New Business DevelopmentMaintain strong broker/client relationships.Generate new business from existing producers and up-sell current accounts.Ensure account retention rates are maintained as per company/department norms- 2 -Product and Technology Review / refresh existing products on 18/24-month cycle Innovation and development of new products or offerings on 18/24-month cycle Ensure the use of technology mainly for high volume small ticket policies. Bringin efficiency to existing processes by using the available technologiesTeam Management Provide all possible support and guidance to the team for both personal andprofessional development. Including but not limited to technical developmentconfidence building strategies and direction clear communication etc. Ensure team performance is in line with Company / Department norms Ensure that the team achieves individual and company objectives4. Communication and Working RelationshipsInternal Senior Management and Referral points Claims adjusters Business development managers Lawyers Compliance officers FinanceExternal Brokers Clients Risk Managers Loss adjusters5. Key Competencies Effective analytical skills Strong interpersonal and communication skills both written and verbal Negotiation skills and the ability to influence others Extensive underwriting experience in direct insurance and reinsurance markets Strong underwriting skills with high expertise in risk evaluation and pricing Strong marketing and relationship skills in balance with profit-oriented goals of thedepartment / company Well established contacts with clients and Business Producers Confident decision-making skills Problem-solving skills and a logical approach to work Self-motivation Sound judgement Ability to work to tight deadlines Team player Customer service skills. 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 whats 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 securityas well as your professional developmentto 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 worlds 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 Were committed to creating a culture that truly respects and celebrates each others 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 AIGs 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 - Underwriting AIG MEA Limited Required Experience: Director Key Skills Marketing & Promotions,Attorney At Law,Jni,Airlines,Art Employment Type : Full-Time Experience: years Vacancy: 1



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