Job offer Miami: AIG Specialty Lines Senior Treaty Underwriter

By iNLIP

Posted on January 14, 2021

7 min read

Latin American Insurance Job offers iNLIP

Job: AIG Specialty Lines Senior Treaty Underwriter.

Responsible for the various aspects of the underwriting process of Financial, Specialty & Marine and Agriculture, with a focus on financial lines, for Latin America and Caribbean region and business development through brokers and ceding companies for all target business.

KEY RESPONSIBILITES, INCLUDE BUT ARE NOT LIMITED TO:

Help in the preparation of the Financial, Specialty & Marine and Agriculture, Treaty Budgets in close coordination with the Department Head for the region.

Liaise with pricing actuary to review results to better interpret results and changes in pricing
Help in the implementation of a business plan strategy for the profitable underwriting of a diverse and balanced Financial, Specialty & Marine and Agriculture, Treaty portfolio of Latin American and the Caribbean on Proportional and Non Proportional basis.

Continuous monitoring of account performance versus agreed target
Constant review, adjustment and establishment of new budget goals
Review and approval of new offers and renewals in line with Validus Re underwriting and pricing guidelines, as well as revision and approval of special acceptances & endorsements
Supervise the input process and storage of data in accordance with the underwriting workflow process
Proactive use and understanding of all metrics associated with Validus Re Pricing tool, VCAPS.
Training and supervision of subordinates including but not limited to following: VRI Validus Re UW Guidelines, need for consistency, need for precision, documentation of G: shared Drive, uploading required documents in DMS/Workflow.
Ensure compliance of laws, rules and regulations affecting Validus Re business (both internal and external)
Maintain awareness of changing insurance/reinsurance market conditions to take advantage of new opportunities
Coordinate with Validus Re underwriting, actuarial, accounting, IT audit and claims departments, to ensure that all information related to the existing portfolio and prospective business is in order
Constant communication with the Claims Manager to discuss issues related to potential claims
Working with Accounting Department in resolving premium payment discrepancies or other issues that may arise.
Establish and effective marketing strategy to promote our department and our group capabilities in an effort to effectively cross-sell our products
Clear and open communication with all other underwriting departments of the group
Business travel and marketing required
Perform other duties as assigned or as may be necessary

REQUIRED SKILLS AND EXPERIENCE:
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. A demonstrably successful underwriting track record, professional insurance qualifications and/or designations a plus.EDUCATION and/or EXPERIENCE

Bachelor’s degree in finance, Law, business administration or risk management and insuranceMinimum five years of underwriting experience in Surety

CPCU, Are, or AFSB Desired.

Knowledge of EXCEL, Word

LANGUAGE SKILLS

Fully Bilingual – English and Spanish, Portuguese is desirable
Excellent Written and Verbal Communication Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. MATHEMATICAL AND ANALYTICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. REASONING ABILITY

Ability to define problems, collect and research data, establish facts, and draw valid conclusions.
Resourceful and decisive with overall good reasoning ability and high degree of attention to detail.
Uses intuition and experience to complement data ORAL COMMUNICATION

Speaks clearly and persuasively in positive or negative situations
Able to explain clearly to all subordinates their tasks and goals. WRITTEN COMMUNICATION

Writes clearly and informatively
Presents numerical data effectively
Able to read and interpret written information
Able to write reports, business correspondence and procedure manuals PLANNING & ORGANIZING
Prioritize and plan work activities
Able to process heavy work loads
Set goals and objectives
Uses time efficiently
Proper supervising of all subordinates