A
Head of Marine, GCC and North Africa Cluster
AIG MEA Limited
Dubai, UAEAED 18,000-50,000/moToday
UAEFinance & AccountingFull Time
Skills Required
ErpCommunicationCustomer Service
Job Description
Head of MarineAt AIG we are reimagining the way we help customers to manage risk. Join us as a Head of Marine to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.Marine UnderwritingAIG 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 impactThe purpose of this job is to manage the Marine portfolio for our GCCNA region and be responsible for Profit and Sales for the Marine division.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.What you’ll need to succeedQualifications & Education: University Degree / CII QualificationExperience: Extensive business experience and proven track record of technical underwriting and portfolio management of marine products.Training: No mandatory external trainingKnowledge: Marine Product knowledge, Business Finance & Insurance acumen, Market Knowledge, Compliance, People Management, Change management skills, Extensive underwriting and market knowledge, Reviewing contracts, policy wordings, manuscript wordings, Risk Management/Loss ControlJob AccountabilitiesPortfolio ManagementOwnership of Marine P & L with focus on profitable growthEnsure adherence to Marine Underwriting GuidelinesRetention and New Business DevelopmentMaintain and develop strong broker/client relationshipsGenerate new business from existing producers and up-sell current accounts.Ensure account retention rates are maintained as per company/department norms.Product and TechnologyReview / refresh existing products on 18/24-month cycleInnovation and development of new products or offerings on 18/24-month cycleEnsure the use of technology mainly for high volume small ticket policies. Bring in efficiency to existing processes by using the available technologies.Team ManagementProvide support and guidance to the team for both personal and professional development. Including but not limited to technical development, confidence building strategies and direction, clear communication, etc.Ensure team performance is in line with Company / Department normsEnsure that the team achieves individual and company objectivesCommunication and Working RelationshipsInternal - Senior Management and Referral pointsClaims adjustersBusiness development managersLawyersCompliance officersFinanceExternal - BrokersClientsRisk ManagersLoss adjustersKey CompetenciesDirection and Goal SettingEffective analytical skillsStrong interpersonal and communication skills both written and verbalNegotiation skills and the ability to influence othersExtensive underwriting experience in direct insurance and reinsurance marketsStrong underwriting skills with high expertise in risk evaluation and pricingStrong marketing and relationship skills in balance with profit-oriented goals of the department / companyWell established contacts with clients and Business ProducersProblem-solving skills and a logical approach to workSelf-motivationSound judgement and decisivenessAbility to work to tight deadlinesTeam playerCustomer service attitudeReady to take your career to the next level. We would love to hear from you.Apply now: call to action optionsReady to make a bigger impact. We look forward to reviewing your application.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 mattersAt 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 worldAmerican 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 and casualty networks. It is an exciting time to join us across our operations. We are thinking in new and innovative wa
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