Who we are
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.
Get to know the business
Come and join an ambitious and growing company that helps people plan for the future. We’re an innovative business who want to stand out from the crowd. At AIG Life UK, we are experts in protection. It’s what we do. We look after over 1.2 million people, specialising in life insurance, income protection, critical illness cover and more. For us, protection products are about more than financial security, it’s about helping people live better lives, supporting them when they need us most.
This is reflected in our culture - we believe that the best things we do in life, we do for others. As we grow, we take tremendous pride in seeing our employees grow with us, and are committed to attracting, nurturing and developing the best talent.
About the role
What you need to know:
Responsible for producing Group Scheme quotations including 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 AIG Life 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 AIG Life
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 group risk 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
Why work for us
We are an in-house team that enjoys getting the most out of optimising our pricing strategies. The continuing strategy is to keep AIG Life at the forefront of what is available, holding a technical edge in the marketplace. The team has a fantastic working atmosphere, of which we enjoy the benefits, though that does not mean we take our foot off the accelerator pedal. There is a small team atmosphere which brims with enthusiasm and has a wide breadth of technical knowledge. Everyone focuses on the job in hand, and there is a great working atmosphere with open discussion. This is an excellent opportunity to join a compact knowledgeable team that works with all aspects of Actuarial pricing.
Benefits:
We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a devoted learner program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
Flexibility is a highly valued part of our culture. Be that the ability to work part time, shifts, term-time only or be based at home, flexibility helps ensure all our people can have a rewarding career.
We firmly believe that the more support we provide to keep you happy and healthy, the better environment we all work in. As a result, we offer a range of benefits and support that help you create long-term wellbeing habits, including our industry leading Smart Health product.
In addition to a competitive salary, and our generous benefits package, there are lots of great reasons to join us. Take a look on our career pages for more details about our flexibility, commitment to health and wellbeing, and how you can grow with the company.
We are an Equal Opportunity Employer
Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. At Corebridge Financial, 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.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
OP - Operations
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Life Limited
