Job Information
AIG Head of Financial Lines Insurance Department in Ho Chi Minh, Vietnam
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.
We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including property, aviation, financial lines, casualty, environmental, catastrophic events, high net worth individuals, and boardroom liabilities.
What you need to know: As a Leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders, making sound decisions using data, analysis, experience, and judgment, along with a risk mindset. Ultimately, you take ownership for key outcomes. This role will report to the General Director.
Key functions:
To manage all aspects of the Financial Insurance Products including, but not limited to:
Directors & Officers Liability Insurance (Management Liability Insurance)
Professional Indemnity Insurance
Cyber Insurance
Crime Insurance
Kidnap & Ransom Insurance
Manage department including:
Develop and deliver Strategic Plan – identifying growth opportunities, new business segments, new product opportunities to support growth objectives.
Develop and execute a marketing plan for your products, which should include creation and dissemination of marketing materials, as well as marketing events including formal seminars and producer training sessions, and informal presentations to producers.
Increase of AIG market share through new business development, new distributions.
Expand relationships with key producers, clients and industry groups.
Train and develop your underwriting team to provide strong business outcomes and appropriate career paths for high achievers.
Ad-hoc special projects or requirements that may arise from time to time.
Key accountabilities:
1.Financial Objectives:
Grow profitability aligning with strategies, financial budget objectives, and manage portfolio to protect balance sheet. Plan strategies for department within matrix environment.
Manage expense within targeted outcomes.
Develop and implement business plans aligning with corporate standards and guidelines.
2.Customer relationship engagement:
Expand customer relationships, articulate strategy, and value to clients, brokers, partners, and distributions. Respect the voice of clients, brokers and partners, and change for customer’s needs.
3.Business processes:
Develop and maintain an adequate pipeline of new business opportunities through targeting segment and market.
Ensure operation working smoothly and reduce bottleneck to maximize efficiency, mitigate compliance and regulatory risk i.e.
Manage and ensure adherence to corporate guidelines, disciplines and standards: maintenance of underwriting discipline and adherence to authority; referral of all accounts which fall outside of your authority to relevant Regionals and referral points.
Acquire comprehensive knowledge and utilize resources effectively.
Carry out budget process following company guidelines.
Prompt and timely advice to Segment/Commercial/Country Managers on New Business and Renewal negotiations on accounts
Managing an excellent relationship with colleagues in other departments.
Oversight of product and underwriting compliance.
4.Other:
Tasks as assigned by the General Director
What we are looking for
Preferably a University Degree or equivalent
Experience and knowledge about Financial insurance products; experience in sales, business development, or marketing preferable, writing both insurance and reinsurance business, experience negotiating and closing commercial contracts, ideally in insurance;
Must be confident and have a strong desire to lead and grow the business.
Good interpersonal skills, strong leadership and negotiation, and management skills.
Strong local market and industry knowledge.
Fluent in English, both written and spoken.
We are an Equal Opportunity Employer
American International Group, 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 AIG, 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: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG 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 candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
AIG Vietnam Insurance Company Limited
At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (http://www.twitter.com/AIGInsurance) | LinkedIn (http://www.linkedin.com/company/aig) .