AIG Life UK - Trainee Scheme Underwriter

Recruiter
AIG
Location
London
Salary
Competitive
Posted
21 May 2019
Closes
18 Jun 2019
Contract Type
Permanent
Hours
Full Time
Functional Area:
OP - Operations

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Life Limited

Based in the London Fenchurch Street office you will be responsible for producing Group Scheme quotations incorporating Group Life, Group Income Protection and Group Critical Illness business for Corporate clients according the AIG Life scheme underwriting basis, to the agreed turn-around times. The Trainee Scheme Underwriter will play a vital and supporting role in the business management of our group risk portfolio, with specific responsibilities for scheme underwriting and all activities connected with it, through the profitable acquisition and retention of business.

Key Responsibilities
  • Conduct Scheme underwriting in line with AIG Life Corporate guidelines and bases.
  • Working with the AIG Life distribution to underwrite, issue application forms and put on-risk all schemes, and with the operations team to provide administration support on all on-risk schemes including rate reviews, re-quoting tolerance breaches and scheme changes.
  • Maintaining good relationships with AIG Life distribution and client service teams, including managing expectations and meeting deadlines / service standards as required.
  • Contributing to the profitability of the portfolio through the acquisition and retention of business.
  • Contributing ideas and support to the positive development of the scheme underwriting basis, the underwriting systems in general and process improvements
  • Working as part of a ??virtual team with other operational areas such as actuarial, underwriting and claims to ensure an excellent client relationship and a client focussed approach to business management.
  • Applying policy changes and issuing policy schedules
  • Contributing to on-going projects within the AIG Life team


General Duties and Tasks
  • Underwriting life, critical illness, and income protection schemes on a daily basis, aligned to Group Risk Services underwriting bases and within agreed service standards.
  • Working with AIG Life distribution team to provide efficient and appropriate support through underwriting, issue of application forms and put on-risk all schemes allocated.
  • Liaison with Reinsurer on scheme referrals
  • Contributing ideas and support to the positive development of the practices, processes and standards in Group Risk Services
  • Support in system development, maintenance and testing
  • Being involved in project work on an ad hoc basis.
  • Working as part of a ??virtual team with other operational areas such as actuarial, underwriting, administration and claims to ensure an excellent client relationship and a client focussed approach to business management.
  • Maintain a checking register to build a database of underwritten cases


Skills and Expertise

Essential
  • Strong analytical skills.
  • Demonstrable skills in MS Office suite particularly excel.
  • Excellent communication and team working skills.
  • Strong organisational skills.
  • Degree or equivalent qualified with progress in ACII


Desirable
  • Previous involvement in product development projects or other cross department projects.
  • Experience in system testing.
  • A knowledge of the UK grouprisk market.
  • Up to 12months scheme underwriting experience or training


Personal Attributes
  • Strong team working behaviour and welcomes peer review
  • Able to work independently
  • Adaptable and open to change
  • Strong attention to detail
  • High degree of numeracy
  • Proactive and self-motivated
  • Keen to develop business knowledge demonstrated by pursuing CII studies
  • High degree of organisation and flexibility
  • Takes personal responsibility for results


It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.

At AIG, we believe that diversity and inclusion are critical to our future and our mission " creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.