AIG Warranty Senior Underwriter will be responsible for developing and managing appropriate premium rates in accordance with Underwriting Authority and Guidelines for our largest clients and key accounts.
This roles responsibilities include the coordination, analysis and reporting of loss results, developing and implementing pricing proposals or rate adjustments, and business reviews with both internal and external business partners. The Sr. Underwriter will also identify program risks, process improvement opportunities and claim trends and work with the functional departments to implement necessary change.
Main Duties and Responsibilities:
* Develop client pricing proposals and work with actuaries where required. Respond to questions, provide data, and ensure data integrity.
* Assume client relationship and consulting responsibility for select key accounts with our largest clients. Accountability for underwriting results and loss ratio associated with assigned accounts.
* Design and implement business processes to eliminate or minimize losses and reduce operational and insurance costs.
* Analyze loss projections and assumptions, and substantiate, with back-up data and research, all findings.
* Utilize data analytics and root cause analysis to identify drivers of premium pricing. Communicate findings to internal and external business partners. Develop and execute action plans as needed to remediate unfavorable performance.
* Maintain highest level of documentation for accounts original premium development support and decision-making process, operational considerations, and all subsequent pricing adequacy reviews.
* Support enhanced underwriting focus on data analytics, report creation, and department-specific testing as it relates to the new Jeffersonville technology platform.
Skill Requirements:
* Relevant underwriting or related field experience
* Proven underwriting or equivalent skills. Knowledge of warranty underwriting preferred.
* Analytical propensity with strong attention to detail
* Excellent verbal and written communication skills
* Disciplined work ethic; embodies a passion for personal excellence and exceeding status quo performance
* Ability to manage multiple priorities
* Strong communication and influencing skills and proven ability to collaborate and work across multiple areas of the organization
* Excellent organizational skills; ability to take initiative and work independently
* Excellent interpersonal and leadership skills experience leading and executing cross-functional projects
* Strong PC skills; proficient in Excel, experience in SQL preferred
* Experience working with large data sets to derive key pricing selections, perform data analytics, and create on-going reporting.
* Well-developed planning, organizational, presentational and budgeting skills
* Self-motivated and able to establish and execute multi-faceted projects.
* Professional attitude, enthusiastic, and reliable
* Results oriented, able to execute under pressure
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 (%): No Travel
Relocation Provided: No
Service Net Warranty, LLC
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.