Assistant Underwriting Manager

Assistant Underwriting Manager – Financial Lines

Makati City, National Capital Region

Posted today

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Assistant Underwriting Manager to play your part in that transformation. This is an opportunity to grow your skills and experience as a valued member of the team.

Job Description

The Assistant Underwriting Manager, Financial Lines is responsible for underwriting and managing a portfolio of Financial Lines insurance products, including Directors and Officers (D&O) Liability, Professional Indemnity/Errors and Omissions (PI/E&O), Cyber, Crime, Financial Institutions, Initial Public Offering (IPO), Crisis Solutions, and other related lines. This role involves assessing complex risks, determining appropriate terms and conditions, and building strong relationships with brokers and clients. The Assistant Manager will also contribute to the development of underwriting strategies, mentor junior underwriters, and support the overall growth and profitability of the Financial Lines business in the Philippines and Guam.

Responsibilities

• Underwrite new and renewal Financial Lines business in accordance with established underwriting guidelines and authority levels for both Philippines and Guam.
• Evaluate complex risks, including analyzing financial statements, company performance, and industry trends.
• Determine appropriate pricing, terms, and conditions for insurance policies.
• Develop and maintain strong relationships with brokers, clients, and other stakeholders.
• Negotiate terms and conditions with brokers, cedants, agents and clients.
• Monitor portfolio performance, identify trends, and implement corrective actions as needed.
• Contribute to the development and implementation of underwriting strategies and initiatives.
• Mentor and train junior underwriters, providing guidance and support.
• Ensure compliance with all regulatory requirements and internal policies.
• Collaborate with claims, actuarial, and other departments as needed.
• Stay updated on industry trends, market conditions, and emerging risks.
• Participate in business development activities, including marketing and presentations.
• Report to the Profit Center Manager on portfolio performance, market trends, and underwriting strategies.
• Assist the Profit Center Manager in developing and implementing business plans and budgets.
• Deputize for the Profit Center Manager as needed.

What you’ll need to succeed

• Bachelor’s degree in business, finance, or a related field.
• Experience in Financial Lines underwriting.
• Strong knowledge of Financial Lines insurance products, underwriting principles, and industry practices.
• Excellent analytical, risk assessment, and decision-making skills.
• Strong financial acumen and ability to interpret financial statements.
• Excellent communication, interpersonal, and negotiation skills.
• Ability to build and maintain strong relationships with internal and external stakeholders.
• Ability to work independently and as part of a team.
• Proficiency in Microsoft Office Suite and underwriting systems.
• Strong understanding of local insurance regulations and compliance requirements.
• Leadership or mentoring experience.

Ready to take your career to the next level? We would love to hear from you.

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.

About The Company & Benefits

Enjoy benefits that take care of what matters. Our Total Rewards Program offers a comprehensive benefits package focused on health, wellbeing and financial security—as well as professional development—to bring peace of mind to you and your family.

Equal Opportunity

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 providing reasonable accommodations to job applicants and employees with disabilities. If you need a reasonable accommodation, please send an email to the appropriate contact.