Private Equity Team Lead, Professional Liability/Cyber, Financial Lines at AIG

New York, New York, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Proven underwriting experience in Professional Liability/Cyber, Financial Lines and a successful record of selling products to clients
Deep technical expertise
Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment, and risks
Proven people management skills and a record of developing more junior colleagues
The ability to analyze financial statements
Strong communication, networking, and relationship-building skills
Good organizational and time management skills
Customer and sales-orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable

Responsibilities

Handle accounts/clients greater in scope and complexity than those handled by a Senior UW or Underwriter
Take ownership for achieving goals and outcomes in the Professional Liability/Cyber, Financial Lines team
Manage colleagues and oversee a range of programs and processes, in addition to handling complex underwriting
Balance the needs of multiple stakeholders and make sound decisions using data, analysis, experience, judgment, and a risk mindset
Build effective relationships with brokers and deliver a high standard of customer service as an example for the team
Promote a culture of collaboration, inclusivity, and learning while mentoring and developing colleagues through effective leadership, role modeling, and training programs
Facilitate personal growth and career development, supporting succession planning
Play a key role in new business development, including attending broker events and building new relationships across the market
Increased involvement in the development of new business and industry networking, including conference attendance and business proposals

Skills

Key technologies and capabilities for this role

UnderwritingProfessional LiabilityCyber InsuranceFinancial LinesTeam LeadershipPeople ManagementRisk AssessmentBroker RelationshipsBusiness DevelopmentIndustry NetworkingMentoringStakeholder ManagementData Analysis

Questions & Answers

Common questions about this position

What is the salary range for this position?

For positions based in New York City, the base salary range is $125,000 - $180,000. In addition, the position is eligible for other incentives.

Is this role remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Private Equity Team Lead role?

Candidates need proven underwriting experience in Professional Liability/Cyber, Financial Lines, deep technical expertise, advanced knowledge of US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity), proven people management skills, ability to analyze financial statements, strong communication and networking skills, and good organizational skills.

What is the company culture like for this team?

The role promotes a culture of collaboration, inclusivity, and learning, with emphasis on mentoring colleagues, facilitating personal growth, career development, and succession planning through effective leadership and training.

What makes a strong candidate for this Team Lead position?

A strong candidate has proven underwriting experience in Professional Liability/Cyber Financial Lines, people management skills with a record of developing juniors, deep technical expertise in US Financial Lines, financial analysis abilities, and strong communication, networking, and sales-oriented behaviors.

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.

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