American International Group

Underwriter II, Financial Institutions

American International Group$75K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate degree required
  • 2-4 years of Commercial Insurance experience, preferably in Financial Institutions
  • Strong relationship-building skills
  • Knowledge of US financial institutions, including products and regulatory aspects
  • Sales and marketing expertise, ideally within the Wholesale marketplace
  • Ability to adapt in dynamic environments and collaborate effectively
  • Familiarity with analytical tools and technology

Responsibilities

  • Independently price new and renewal business per Company guidelines
  • Market products and visit assigned wholesale brokers as needed
  • Communicate with brokers about rating and policy issuance
  • Assist in training support staff, interns, and PAs
  • Coordinate special projects such as revised forms and new coverages
  • Plan and implement in-house training and company events
  • Represent the company at industry functions and corporate events

Benefits

  • Comprehensive benefits package focusing on health, wellbeing, and financial security
  • Professional development opportunities
  • Strong emphasis on work-life balance
  • Supportive office culture with a focus on in-person collaboration
Full Job Description
Independently select, monitor, and price new and renewal business according to Company guidelines per Underwriter's level of authority as outlined in individual "Authority Letter".
  • Market our products and services and travel to assigned wholesale brokers as required.
  • Communicate with brokers regarding rating, underwriting and policy issuance issues.
  • Assist in the training of support staff, interns and PAs within the team as well as within the Department.
  • Assist, implement, or coordinate special projects and timetables such as revised forms, new coverages/classes, research, and Underwriting Guide revisions.
  • Assist in planning, coordinating, and implementing in-house education training or other company functions.
  • Represent the company in a professional manner at industry functions, conventions, and corporate events.


  • What you'll need to succeed

    • An undergraduate degree
    • Minimum 2-4 years of Commercial Insurance Company, Agency or Brokerage experience, preferably within the Financial Institutions space.
    • Proven ability to build and maintain strong professional relationships
    • Working knowledge of US Financial Intuitions business including product features, forms, regulatory environments and risks etc.
    • Demonstrated sales, marketing, and relationship building experience, ideally with the Wholesale marketplace
    • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
    • Willingness to be flexible, learn on the job, and maintain a can-do attitude
    • Comfort with analytical tools and technology


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

    For positions based in New York the base salary range is $75,000-$95,000. For positions based in Chicago the base salary range is $67,000-$87,000. For positions based in Denver the base salary range is $60,000-$83,000. In addition, 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

    Lexington Specialty Insurance Agency, Inc.

    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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