American International Group

Underwriting Manager - Ocean Cargo

American International Group$170K — $213K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in Commercial Insurance, Agency, or Brokerage
  • Advanced knowledge of Marine Cargo business with understanding of Multinational and Captive Programs
  • Detail-oriented with strong critical thinking and decision-making skills
  • Adaptable in dynamic environments with ability to prioritize tasks
  • Excellent verbal and written communication skills for collaboration
  • Strong financial acumen and a willingness to learn and negotiate
  • Post-Secondary education or Canadian Insurance Professional designation

Responsibilities

  • Provide technical direction to management and junior underwriters
  • Assess and underwrite new and renewal submissions, analyzing exposures and coverage
  • Conduct strategic account and portfolio reviews
  • Manage a book of business aligning with regional budget goals
  • Set new business production and submission flow goals
  • Collaborate with leadership and underwriters to identify cross-selling opportunities
  • Develop pricing and negotiation strategies while ensuring risk quality
  • Deliver exceptional customer service to clients and brokers
  • Represent AIG at client and broker engagements
  • Foster a culture of collaboration, innovation, and talent development

Benefits

  • Comprehensive benefits package focusing on health and wellbeing
  • Professional development opportunities
  • Support for financial security
  • Total Rewards Program designed for work-life balance
  • Promotes in-person collaboration for a connected work environment
Full Job Description

Join us as an Underwriting Manager, Ocean Cargo to make more of your specialist expertise and experience.

Make your mark in Specialty Underwriting

The Underwriting Manager will contribute to the growth of the business by underwriting Cargo products under general direction, performing highly technical complex assignments within area of expertise.  Responsible for large accounts, building, maintaining strategic client and broker relationships, and developing new business submissions. Managing a team of Underwriter’s across multiple geographies and taking ownership of the regions P&L performance.

How will you create an impact:

  • Providing technical direction to management, less senior underwriters, producers, and claims adjusting colleagues

  • Accepting, declining or modifying new and renewal submissions: identifying exposures and analysis required to underwrite an account, as well as the coverage policies;  determining the exposures to loss assumed and restricted by the insuring agreements and the exclusions

  • Completing strategic account and portfolio reviews

  • Managing a book of business and input to the budget relative to regional budget/goals

  • Establishing new business production goals and submission flow relative to the book of business

  • Collaborating with North American Marine Leadership, Distribution, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers

  • Developing and implementing pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and underwriting strategy

  • Providing superior customer service to brokers and clients

  • Represent AIG at Client and Broker meetings and functions.

  • Driving a culture that promotes collaboration, innovation, diversity and inclusion; attracting and developing talent

What you’ll need to succeed:

  • Minimum 7 years of Commercial Insurance Company, Agency or Brokerage experience

  • Advanced working knowledge of Marine Cargo line of business with a technical understanding of Multinational and Captive Program including product features, forms, and associated risk, etc.

  • Must be detail-oriented, possess critical thinking skills, decision making based on level of authority, problem solving, competent using analytical tools and technology

  • Effective in dynamic environment, adaptable, comfortable with ambiguity, working at pace and prioritizing multiple tasks

  • Excellent communication skills (written and verbal), collaboration, building trust with wide range of colleagues and clients

  • Have a strong financial understanding, appetite for learning about the industry, negotiating and focused on profitable outcomes

  • Post-Secondary education and or Canadian Insurance Professional designation. 

For positions based in New York, the base salary range is $170,000 - $213,000. 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: .

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

#LI-HB!

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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