Underwriter II, Retail Property at AIG

Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property InsuranceIndustries

Requirements

Some underwriting experience or other relevant professional experience
Ability to analyze financial statements
Strong communication, networking, and relationship building skills
Good organizational and time management skills
Customer and sales-oriented behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable

Responsibilities

Underwrite new and renewal business to drive profitable growth of the Retail Property line
Assess risk desirability through regular broker contact, coordination with AIG subject matter experts, and reviews of claims history and company information
Provide excellent service to brokers with a consistent, timely, and proactive underwriting approach
Generate new business by expanding broker network, attending broker events, and building new relationships in line with a sales plan
Provide accurate monthly management information, including submissions, bind rate, average premium, and total premium

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentFinancial Statement AnalysisBroker Relationship ManagementNetworkingSalesCommunicationTime Management

Questions & Answers

Common questions about this position

What is the salary range for the Underwriter II, Retail Property position in Chicago?

For positions based in Chicago, IL, the base salary range is $78,000 - $96,000 and the position is eligible for a bonus.

Is this a remote role or does it require office presence?

The role is located in either the Chicago, IL or Cleveland, OH office, and AIG values in-person collaboration, asking team members to be primarily in the office.

What skills are required for this Underwriter II role?

Some underwriting experience or other relevant professional experience is needed, along with the ability to analyze financial statements, strong communication, networking and relationship building skills, good organizational and time management skills, and customer and sales orientated behaviors.

What is the company culture like at AIG for this role?

AIG values in-person collaboration as a vital part of its culture to work together effectively and create a supportive, connected environment for the team and clients.

What makes a strong candidate for this Underwriter II position?

Candidates with some underwriting experience or transferable professional skills, the ability to analyze financial statements, strong relationship-building with brokers, and a proactive, sales-oriented mindset will stand out.

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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