AIG

Senior Underwriter, Financial Lines

Posted on: 8 Jan 2021

New York City, New York

Job Description

This role underwrites assigned risks under general direction. Has a greater underwriting authority and handles large accounts and/or more complex risks.

Responsibilities include:

* Rapidly evaluating, prioritizing and selecting submissions to be underwritten.
* Demonstrating technical underwriting skills through strategic, thorough account reviews and file documentation.
* Exercising judgment, negotiating and making sound business decisions effectively based on 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.
* Using all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed.
* Understanding fundamentals of loss trends, loss triangles, and ratemaking.
* Assisting management with the implementation of profit center strategic initiatives and providing technical underwriting and marketing support on other projects.
* Assisting regional manager and product leaders in further developing existing broker relations as well as establish new relationships to attract business opportunities.
* Collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities.
* Working with management, brokers, clients, and outside counsel on deal structure, contract terms and conditions on a portfolio of more complex risks.
* Participating in various underwriting and marketing initiatives to improve company results and drive portfolio strategies.
* Developing strong, long term relationships with brokers and clients to profitably grow a book of business.
* Representing AIG at client and broker functions with supervision as necessary/appropriate.
* Contributing to the mentoring, training and development of less experienced staff.
* Participating in special underwriting projects as needed.
* Providing superior customer service to brokers and clients (internal & external).

TECHNICAL SKILLS & EXPERIENCE:

* Minimum 3+ years of relevant professional experience. Commercial Insurance Company, Agency or Brokerage experience preferred.
* Bachelors degree from a four-year college or university.
* Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment and risks etc.
* Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change and exercise influence.
* Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
* 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.
* Comfort with analytical tools and technology.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.

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.

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

National Union Fire Insurance Co of Pittsburgh, PA

AIG

New York, New York

American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

It also provides professional liability insurance products for a range of businesses and risks, including directors and officer’s liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products.

Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company’s Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.

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