Join us as a
Senior Executive Underwriter, Financial Institutions - Financial Lines to play a highly influential role in protecting our clients and growing our business.
Make your mark in
UnderwritingAIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague - empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impactAIG has an exciting opportunity for a Senior Executive Underwriter on our Financial Institutions team.
This level underwriter typically works with accounts/clients which are greater in scope and complexity. The role is expected to have increased involvement in the management, development and training of the staff and increased responsibility for the business results of the unit. This role may be responsible for managing a team of underwriters. Responsibilities include:
- Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased level of authority.
- Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast-paced environment characterized by ambiguity and change.
- Support consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
- Responsible for assigning and managing the work of a team of underwriters.
- Assist underwriters in executing on strategic initiatives. Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments).
- Assist underwriters in collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
- Utilize various daily reports and constant monitoring of adherence to underwriting requirements and guidelines to oversee assigned book of business.
- Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities.
- Work with management, the Insured, its broker and outside counsel on contract terms and conditions, as well as pricing, terms & conditions, and deal structure for complex risks.
- Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.
- Identify the need for and manage special underwriting projects as needed.
- Provide superior customer service to brokers and clients.
What you'll need to succeed- Minimum five (5) years of Financial Lines, Agency or Brokerage experience
- Proven ability to build and maintain strong professional relationships.
- Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Fidelity) including product features, forms, regulatory environment and risks etc.
- Demonstrated sales, marketing, and relationship building experience.
- Very strong verbal and written communication skills.
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
- Proficient with underwriting analytical tools and technology.
Ready to step up to new challenges? We would love to hear from you.
For positions based in New York City, the base salary range is $140,000 - $170,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits.
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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 mattersAt 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.
Functional Area:
UW - Underwriting
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