Senior Policy Wordings Technician

Senior Policy Wordings Technician page is loaded Senior Policy Wordings Technicianlocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: JR Get to know the business American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.Lex-London is the US division of American International Group, Inc. (AIG). As such it occupies a specialist niche area in the London Market and it's focus is delivering quality products to sophisticated buyers who have high expectations in relation to customer service and delivery.Lex-London's strength, results, longevity and performance are well respected in the London market and they are leading providers of capacity in US Property, US Casualty and Financial Institutions lines of business. About the role What you need to know: One of the key supportive elements is the market leading policy agreement and delivery process Lex-London's the market lead in several of the lines of business written and Insureds are Fortune 1000 type corporations with household names The policy wordings involved cover the spectrum of London market products from full-blown manuscript to MRC's. The role is predominantly Property focused with preference for experience in that line, but the expectation is for flexibility and the role will support all lines underwritten. The role comes with an expectation that the successful candidate will already have understanding and insight into the range of products written, preferably in a US risk context but at least for large global commercial clients. The successful candidate will support the other team members across Casualty and Property and will deputise in the managers absence and whenever necessary. The individual will have an insight into normal market contract terms and conditions, a knowledge of the utilisation of them in the market and their own opinion of their merits The role comes with an expectation of a high degree of self-motivation and individual responsibility for quality and timeliness of product delivery. An organised and refined process already exists which serves the business. Candidates would be expected generally adhere to this but with a view to considering improvement or modification. The role involves a close working relationship with the team of underwriters supporting their exacting requirements. The role involves active interaction with London market top-tier brokers face-to-face, email etc. The role involves interaction with UK and US legal partners to ensure compliance with regulations in both jurisdictions and/or for problem resolution. The role is within an existing team of mutually supportive specialist policy technicians. The expectation is that individual line of business knowledge is shared and the team can provide cover during periods of high seasonal activity and holidays. Several previous holders of similar roles have developed into pure underwriting roles The successful candidate will be expected to have: Familiarity with London Market Contracts, Slips, Wordings, Endorsements. Ability to evaluate and draft new and renewal standard and non-standard policies of all degrees of complexity plus endorsements to advise underwriters. Insight into terms and conditions currently in use in London Market contacts for commercial high-end customers. Know the market position, logic and attitude to same ability to work with and understand underwriter requirements. Will have an insight into regulatory requirements as they pertain to commercial customers in UK market and if possible with US knowledge. Ability to voice opinion with underwriters, brokers and insureds in defence of underwriting guidelines and Company position. Demonstrable awareness of regulatory requirements as they pertain to commercial customers in UK market and if possible, with US knowledge.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 Area:UW - UnderwritingAIG Europe S.A. (U.K. Branch) & American International Group UK Ltdlocations: Londontime type: Full timeposted on: Posted Today