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Senior Underwriter - Energy & Construction

Join us as an Senior Underwriter that will drive business growth.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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 Senior Underwriter – Energy & Construction will be responsible for supporting the Facultative Desk Energy Product Leader in setting the regional underwriting strategy and the day-to-day underwriting, and management of the LATAM Energy & Construction portfolio written through the Miami FAC Desk including but not limited to:

+ Actively source, qualify, and complete underwriting process for Power Generation (included Renewables Energies), Oil &Gas, Mining, Chemical and Construction (CAR/EAR) accounts. This includes underwriting assessment of risks within UW authorities, preparation of referrals, and monitoring of Natural Catastrophe exposures where applicable.

+ Supports Product Leader driving development and execution of the LAC Energy & Construction underwriting strategy within global ‘guardrails. This includes monitoring portfolio performance, monitoring aggregate exposures and loss ratios, and P&L.

+ Drive underwriting excellence across the business by ensuring adherence to risk appetite, underwriting and line setting guidelines, technical rating, and pricing adequacy.

+ Collaborate with Distribution and Territory Managers, and other line(s) of business underwriters to target desirable accounts and identify cross selling opportunities from brokers and cedents.

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

+ Provide superior customer service to brokers and clients.

+ 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.

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

What you’ll need to succeed

+ University degree; Engineering degree preferred.

+ 5+ years’ experience in LATAM Energy underwriting sector preferably in Power Generation and renewables.

+ Strong understanding of risk selection process, exposure analysis including BI calculations, Catastrophe Risk perils, and technical interpretation of engineering survey reports.

+ Strong understanding of actuarial methods in support of pricing risk (including Catastrophe Risk modelling and pricing), claims and reserving practices.

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

+ Advanced knowledge of Energy technology standards and equipment, emerging issues & trends, and developments in the market.

+ Established LAC FAC broker network with strong professional relationships with key reinsurance intermediaries in the region, as well as with clients and cedents.

+ Knowledge of LAC FAC market placement dynamics and distribution channels.

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

+ Proven track record of delivering profitable growth in Energy LAC Facultative markets.

+ 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.

+ Ability to multi-task and prioritize workflows efficiently.

+ Effective negotiation and management skills.

+ 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. Portuguese preferred.

#LI-AR1 #underwriting #energy #construction

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 [email protected].

Functional Area:

UW - Underwriting

Risk Specialists Companies Insurance Agency, Inc.