Senior Production Specialist, Excess & Surplus Lines at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, HealthcareIndustries

Requirements

Minimum of 5+ years’ experience within the Healthcare arena focusing on Hospitals and Allied Health
Bachelor's Degree
Knowledge of specialized Healthcare forms, wordings and program structures (i.e. loss sensitive including self-insured and deductible programs)
Strong interpersonal skills with emphasis on collaboration and working well with others
Strong relationships with retail and wholesale brokerage community
Knowledge of the market, portfolio management, acquisition and distribution
Ability to maintain “audit ready” underwriting files on a timely basis
Ability to work in a fast-paced environment making quick decisions while adhering to a sound underwriting discipline
Ability and willingness to be highly visible in the marketplace and travel as necessary
Outcome focused, self-motivated, dependable, flexible and enthusiastic
Proficient working knowledge of Excel, Pivot Tables and Outlook
Ability to illustrate sufficient technical analysis, strong underwriting acumen, and sales/marketing skills
Ability and willingness to coach, train and develop junior staff

Responsibilities

Produce, underwrite, manage and service a profitable book of business
Utilize underwriter authority in accordance with published underwriting guidelines
Handle a portfolio of renewal and new business including accounts made up of complex risks
Seek out and secure new and profitable business
Manage and develop effective producer and client relationships throughout assigned territory
Coordinate strategy and work collaboratively with other aligned business functions including claims, actuarial, and consulting
Work alongside Distribution Partners (Business Development Managers and/or Client Directors) to maximize distribution partner network
Effectively negotiate and secure policy terms that align with company directives, utilizing new product and service offerings
Develop and manage underwriting strategies for both renewals and prospects within portfolio, including knowledge of current penetration by product and plans to increase company share
Provide direction and support to junior underwriters on new and renewal business
Proactively foster and develop positive relationships with key customers
Make internal and external presentations as necessary
Underwrite Primary, Umbrella and Excess lines of business in Medical Malpractice and General Liability
Work effectively both independently and as part of a team to manage book of business and contribute to overall profitability of the malpractice business portfolio

Skills

Underwriting

Medical Malpractice

General Liability

Excess Lines

Umbrella Insurance

Risk Management

Sales

Marketing

Portfolio Management

Client Relationships

Negotiation

Business Development

Claims Coordination

Actuarial Collaboration

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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