American International Group

Senior Underwriter, Political Risk

American International Group$120K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in Political Risk Insurance market
  • Bachelor's degree in finance, business, or international affairs/political science; Master's preferred
  • Advanced knowledge of Political Risk in underwriting or broking
  • Proficiency in evaluating submissions for underwriting
  • Strong relationship-building skills with tier 1 and 2 brokers

Responsibilities

  • Underwrite and manage an existing book of Political Risk Insurance
  • Collaborate with peers across regions for technical underwriting support
  • Negotiate terms with brokers and clients for risks of all sizes
  • Communicate value propositions to stakeholders
  • Analyze industry trends and develop related strategies
  • Provide customer service to brokers and clients
  • Participate in underwriting projects as needed

Benefits

  • Comprehensive health and wellness benefits
  • Financial security programs
  • Professional development opportunities
  • Supportive work environment with in-office collaboration
  • Total Rewards Program focusing on employee wellbeing
Full Job Description
Join us as a Senior Underwriting Specialist to grow your career at the forefront of Political Risk Insurance. It's an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Political Risk insurance

AIG 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 impact:
  • Underwriting and managing an existing book of Political Risk Insurance and developing and underwriting a pipeline of new business opportunities across the country.
  • Collaborating with peers in other regions and providing technical underwriting support on existing accounts in those regions, ensuring a consistent approach to market throughout the country.
  • Negotiating terms and conditions with brokers and clients, for both large and complex risks as well as middle market.
  • Communicating our value proposition with our brokers and clients and demonstrating our right to win.
  • Identifying future industry trends and understanding how they will impact ours and our client's business and developing new strategies around those trends.
  • Communicating to internal stakeholders on the profitability of the portfolio.
  • Providing superior customer service to brokers and clients.
  • Attend client/broker meetings, presentations and relevant industry events on behalf of the company.
  • Regular collaboration with AIG Distribution colleagues in identifying and closing political risk opportunities.
  • Participating in special underwriting projects as needed.


What you will need to succeed:
  • Experience (5+ years preferred) in the Political Risk Insurance market, including product features, forms, exigent risks.
  • Bachelor's degree from a four-year college or university, focused on finance, business and/or international affairs/political science. Master's Degree preferred.
  • Advanced working knowledge of the Political Risk business in either an underwriting or broking environment.
  • Ability to rapidly evaluate, prioritize and select submissions to be underwritten.
  • Ability to analyze policy wordings and understand manuscript forms.
  • Demonstrated knowledge of current market conditions, trends and the ability to leverage that knowledge to give us the right to win.
  • Relationships with tier 1 and 2 brokers and the ability to develop new relationships.
  • Demonstrated sales, marketing, and relationship-building experience.
  • Proficiency in Microsoft Office environment (including Outlook, Teams, Excel, PowerPoint).
  • Experience with Salesforce and a willingness to learn more.
  • Strong verbal and written communication skills.
  • Ability to work in a fast-paced environment making quick decisions while adhering to sound underwriting discipline.
  • Willingness to travel 25% of the time.


Ready to take your career to the next level? We would love to hear from you.

For positions based in Seattle, Denver, New York, San Francisco, Los Angeles, and Washington D.C., the base salary range is $120,000-$150,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications. If your compensation expectations are above the posted range, we still encourage you to apply-your unique background matters to us. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.

#LI-AIG

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.

Functional Area:

UW - Underwriting

National Union Fire Insurance Company of Pittsburgh, Pa.

About American International Group

American International Group provides property insurance, life insurance, and financial services.

American International Group Careers

Join the dynamic team at American International Group (AIG), a leading global insurance organization, and propel your career into a future of opportunities and professional growth. At AIG, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Work You’ll Do

At American International Group, you will collaborate with some of the brightest minds in the industry, dedicated to solving complex challenges and driving transformative solutions in the world of insurance. Our team is at the forefront of developing innovative insurance products that not only meet the needs of our clients worldwide but also anticipate future trends.

Explore Job Opportunities and Internships

Whether you're a seasoned professional looking for your next challenge or a recent graduate eager to start your career, AIG offers a range of job opportunities and internships across various functions. From underwriting and claims to finance and technology, your next position awaits you at AIG. Our internships provide invaluable hands-on experience, helping you to enhance your skills and make meaningful contributions from day one.

Grow and Develop Your Career

AIG believes in the power of continuous learning and offers extensive training and development programs to help you hone your skills and advance your career. Leadership development, diversity training, and innovation workshops are just a few examples of how we invest in our employees' growth and leadership capabilities.

Benefits and Culture

Joining AIG means more than just having a job; it means being part of a team that values diversity and is committed to creating an inclusive environment where everyone can thrive. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. At AIG, you will find a supportive network and a culture that applauds innovation and rewards performance.

Networking and Professional Development

We encourage our employees to build professional relationships both within and outside the company through networking events, professional groups, and career fairs. These opportunities not only enhance your career but also expand your professional network, which is vital in today’s dynamic job market.

Join Our Team

Search open positions that match your skills and interests on our Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the exciting and rewarding career opportunities available at American International Group today.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news by subscribing to our careers blog. Personalize your experience by signing up for job alert emails tailored to your preferences and be the first to know about new openings and exclusive insights from professionals within AIG. At American International Group, your career is just the beginning – it’s a pathway to developing your skills, meeting new challenges, and making a difference in a global company known for its commitment to innovation and excellence. Join us and shape your future with AIG.
Learn more about American International Group
Size
36,600 employees
Market Cap
$46.4 billion
Industry
Net Income
-$5.9 billion
Founded
1919
5 Year Trend
-0.3%
Revenue
$43.7 billion
NASDAQ

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