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AIG · 1 day ago

Underwriting Audit Manager

GA-Atlanta

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking an Underwriting Audit Manager to enhance their underwriting quality and compliance. The role involves conducting audits, reviewing underwriting practices, and providing insights for profitable growth plans across various insurance products.

BankingFinancial ServicesInsurance

Responsibilities

Determine adherence to the AIG Underwriting Control Framework

Review underwriting quality, pricing compliance, portfolio management utilization, management controls and provide senior management with commentary on the overall underwriting, go-forward critical profitable growth plans and improved control on the legacy book and financial health of the entity being reviewed

Leverage underwriting audits for capability assessments of operations in light of Product strategic business plans

Perform these tasks per their specific areas of expertise, but will also gain exposure to other lines of business like Energy, Construction and Aerospace

Provide support to the Global Head of Underwriting Audit with local industry knowledge and support training initiatives

Support the Global Product team on project initiatives from time to time

Conduct audits annually across all legal entities/portfolios

Undertake pre-audit work, use audit tools, discuss grade and findings in wrap-up meetings; review critical findings and recommendations with Audited Entity, Country, Regional and Global Product teams; prepare reports; vet action plans

Qualification

Underwriting experienceP&C insurance knowledgeAudit experiencePortfolio management toolsRegulatory requirements knowledgeManagement controlsTraining skillsBusiness analyticsCommunication skills

Required

10+ years industry experience with a P&C carrier of significant market size

Management positions in underwriting with P&L responsibility is strongly preferable

Audit or Actuarial experience a strong plus

5+ years' experience with a P&C carrier within the Product organization

Proven experience in underwriting a full range of products, placing facultative reinsurance, effective demonstration of management controls and utilization of portfolio management tools, and working with diverse distribution channels are preferable

Working experience in multiple regions/countries is a strong plus

Ability to provide direction and convey strategy of Global Home Office, Underwriting Audit and Underwriting Governance to Regional and Country staff

Excellent knowledge of product line underwriting guidelines, risk appetite, tools, processes, management controls and pricing methodologies, including the ability to train this knowledge to others

Working knowledge of regulator requirements

Working knowledge of the actuarial function (e.g. reserving, DAC accounting, development of experience and statistical rating – aka rate reviews) and the business analytics area