Executive Underwriter, Private Non-Profit, Financial Lines at AIG

New York, New York, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Minimum 5-7 years of relevant professional experience. Commercial Insurance Company, Agency or Brokerage experience preferred
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, exercise influence, and prioritize and manage multiple concurrent projects
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

Responsibilities

Rapidly evaluate, prioritize and select submissions to be underwritten
Demonstrate advanced technical underwriting skills through strategic, thorough account reviews and file documentation
Exercise judgment, negotiate and make sound business decisions effectively based on level of authority
Use all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed
Render alternative outcomes for more difficult situations and make real-time decisions in a fast-paced environment characterized by ambiguity and change
Understand loss trends, loss triangles, and ratemaking
Assist with overseeing territorial books of business both through the use of various daily reports and constant monitoring of adherence to underwriting requirements and guidelines
Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities
Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers
Assist regional manager and product leaders in further developing existing broker relations as well as establish new relationships to attract business opportunities
Work with management, the Insured, its broker and outside counsel on contract terms and conditions, as well as pricing, terms & conditions, and deal structure on a portfolio of mostly complex risks
Participate in special underwriting projects as needed
Provide training and assistance to less experienced underwriters to better enable them to execute on strategies
Represent AIG at client and broker functions without supervision as necessary/appropriate
Provide superior customer service to brokers and clients

Skills

Underwriting

Financial Lines

Risk Assessment

Account Review

Negotiation

Loss Trends

Loss Triangles

Ratemaking

Business Decision Making

Territorial Management

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

Land your dream remote job 3x faster with AI

Try Jobo Free