Senior Regional Production Specialist, Lexington Healthcare at AIG

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, HealthcareIndustries

Requirements

Minimum 8 years’ experience within the Healthcare arena
Bachelor’s Degree
Knowledge of specialized Healthcare forms, wordings, and program structures (e.g., loss sensitive including self-insured and deductible programs)
Knowledge of Medical Groups is a plus
Strong interpersonal skills with emphasis on collaboration
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 and make quick decisions
Ability and willingness to be highly visible in the marketplace and travel as necessary

Responsibilities

Produce, underwrite, manage, and service a profitable book of miscellaneous medical facilities and allied healthcare business
Utilize underwriter authority in accordance with published underwriting guidelines
Handle renewal and new business, including accounts with complex risks
Seek out and secure new and profitable business
Manage and develop effective broker and client relationships throughout assigned territory
Coordinate strategy and work collaboratively with other aligned business functions (claims, actuarial, and consulting)
Work alongside Distribution Partners (Business Development Managers and/or Client Directors) to maximize the 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
Provide direction and support to junior underwriters
Proactively foster and develop positive relationships with key customers

Skills

Key technologies and capabilities for this role

UnderwritingHealthcare InsurancePortfolio ManagementRisk ManagementLoss Sensitive ProgramsSelf-Insured ProgramsDeductible ProgramsBroker RelationshipsMarket KnowledgeAudit Ready Files

Questions & Answers

Common questions about this position

Is this position remote?

Yes, this is a remote position.

What is the salary for this role?

This information is not specified in the job description.

What experience and skills are required for this position?

The role requires a minimum of 8 years’ experience in the Healthcare arena, a Bachelor’s Degree, strong interpersonal skills with emphasis on collaboration, strong relationships with retail and wholesale brokerage community, and ability to work in a fast-paced environment.

What is the company culture like?

The role emphasizes collaboration with distribution partners and other business functions, working alongside teams like claims, actuarial, and consulting, and providing direction to junior underwriters in a team-oriented environment.

What makes a strong candidate for this role?

A strong candidate has 8+ years of Healthcare experience, knowledge of specialized Healthcare forms and Medical Groups, strong broker relationships, and the ability to manage portfolios and make quick decisions in a fast-paced environment.

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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