Commercial Property Underwriting Analyst Graduate (Jul 2024)

About AIG Australia

AIG Australia is a prominent provider of insurance products and services catering to commercial and personal insurance clients, boasting a comprehensive property casualty network. With over 50 years of operation, AIG has earned recognition as a leading insurer, serving multinational, corporate, and SME clients. Positioned as global risk leaders and committed global citizens, AIG not only offers diverse insurance solutions but also actively contributes to addressing significant global challenges such as climate change and fostering inclusive workplaces, embodying a dedication to positive change within the communities it serves.

To know more, watch this video:

Your role

AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. They are reimagining how they help customers to manage risk, transforming their operating model and reshaping their role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering people to grow as insurance professionals and add more value to customers and AIG.

Reporting to the Head of Commercial Property, you will contribute to the success of the Commercial Property profit centre by underwriting a sustainable and profitable portfolio of Commercial Property business within corporate underwriting guidelines and within granted underwriting authority

Key accountabilities will include but not limited to:

• Assisting underwriters in evaluating insurance applications for property coverage.
• Review property risk submissions and determine if they meet underwriting guidelines, relevant underwriting authority and AIG principles.
• Conducting research and analysis on properties, including inspections and assessments.
• Gathering and verifying information from various sources, such as clients, agents, and databases.
• Assisting in the preparation of underwriting reports and proposals.
• Collaborating with other departments, such as claims and sales, to ensure accurate risk assessment.
• Providing support in policy issuance and endorsement processes.
• Maintaining accurate records and documentation of underwriting activities.
• Keeping abreast of industry trends, regulations, and changes in underwriting guidelines.
• Providing excellent customer service to clients and agents, addressing inquiries and concerns promptly and professionally.

Training & development

At AIG, they are constantly working to ensure that all employees have the training and skills they need to have a rewarding and successful career. Designed with that commitment at its core, their globally centralised Early Career program provides a platform for participants to launch or accelerate their careers. Through a range of approaches including innovative experiential learning and technical training, performance assessments, formalised mentoring, and exposure to senior leaders, their Early Career program offers unparalleled development opportunities for their diverse early career talent. 

Whether you’re a recent university graduate or a graduate with up to two years of work experience, the program is designed to evolve with the rapid pace of technological advancements and changing employee preferences to ensure that today’s participants become leaders capable of conquering tomorrow’s challenges.

Over the two-year duration of the program, successful candidates will work in a dynamic environment combining formal and experience-based training alongside meaningful and rewarding work experience. Then, guided by experienced professionals, they will put the skills they learn into practice in a supportive corporate environment.

Benefits

At AIG, their people are their greatest asset. They know how important it is to protect and invest in what’s most important to you. The benefits they offer include:

• Retirement & Savings Benefits
• Wellness Benefits
• Financial Assistance
• Career Support
• Culture & Community

Career progression

They're dedicated to supporting career growth and development, providing opportunities for employees to enhance their skills, connect with clients globally, and explore new avenues within the organization. Through initiatives such as skill development, learning opportunities, and tuition reimbursement, employees are empowered to evolve professionally and pursue diverse career paths within AIG. Additionally, the organization emphasizes "growing in place," allowing team members to transition into different departments, acquire new skills, and explore areas of interest as they progress in their careers.

Work-life balance

AIG promotes work-life balance by offering flexible work arrangements and a range of benefits aimed at supporting physical and mental well-being. Employees have access to affordable health benefits, paid time off, emergency care services for children and elderly dependents, as well as parental leave. Additionally, wellness programming, global security services, and an Employee Assistance Program (EAP) contribute to fostering a supportive and inclusive work environment.

To know more about the work-life balance at AIG, watch this video here.

Company culture

Life at AIG embodies a culture of innovation, openness, and inclusivity, where employees are encouraged to contribute fresh perspectives and ideas. They foster an environment of allyship, philanthropy, and internal mobility, prioritizing respect for colleagues and embracing diverse viewpoints. AIG's global commitment to tackling challenges with optimism and investing in employee growth ensures a culture of belonging, where individuals can thrive, access creativity, and achieve long-term success, supported by initiatives like long-term family care options.

About you

What you’ll need to succeed

• AIG seeks candidates who have demonstrated outstanding academic and extracurricular achievement, possess strong analytical and interpersonal skills, and are enthusiastic about and committed to the insurance industry.
• Candidates who have graduated within the last 2 years or a junior professional with less than 2 years’ work experience that is seeking a new career path within the commercial Property underwriting space.
• Excellent computer skills including the Microsoft Office suite of applications
• A curious nature and a customer service mindset with good communication skills (verbal and written).
• Enthusiastic team player with the ability to optimise business values to clients by delivering high-quality services and positive client experiences to sustain and enhance the customer base.
• Passion for customer service excellence and ability to build, develop and maintain positive relationships
• High level of initiative and ability to prioritise tasks in an agile environment along with excellent time management and organisational ability.
• Strong business acumen with the ability to analyse data and use it for decision-making
• Tertiary qualifications in Commerce, Economics or Law would be desirable.

Sources

The following sources were used in researching this page

• aig.com/home/about
• aig.com/home/careers/benefits
• aig.com/home/careers/life-at-aig
• aig.com/home/careers/experienced-professionals