Underwriting Assistant at AIG

Scottsdale, Arizona, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Casualty InsuranceIndustries

Requirements

2+ years of related insurance experience and/or training; or equivalent, a relevant combination of education and experience
Insurance experience preferred
Prioritizing – able to navigate and switch between multiple proprietary, vendor, web-based, and standard computer systems
Microsoft Office – proficiency in Excel, Word, and PowerPoint
Learning Agility – willingness to learn from experiences and new situations
Client Servicing – ability to anticipate (inferred from truncated description)

Responsibilities

Partner with regional underwriters and/or more senior UW Support employees in the end-to-end processing of new and renewal business
Evaluate new and renewal submissions against prescribed criteria to determine completeness; document outstanding items and include them in communication to an underwriter for review
Assist in the follow-up and securing of outstanding items from the broker
Work closely with underwriters and CoE partners to develop and deliver tailored solutions
Identify and resolve account alerts and blocks during the submission process to avoid account conflicts
Upon underwriting instructions, forward individual lines of business to Shared Services for rating
Train on and demonstrate proficiency in utilizing underwriting systems
Perform data analytics, remodeling, referral documentation preparation and completion, form checklist, and working approval (including review of location data and CAT modeling results, analysis of loss information and financial statements, pre-populate loss rating models)
Assist with the issuance of quotes, binders, policies, endorsements, and cancellations within prescribed timelines
Request individual policy filings as needed
Prepare policy writing instructions for Shared Services and premium billings
Manage bureau crits on assigned accounts and follow up with brokers on outstanding information
Prepare documents for reinsurance quotes for underwriting
Complete post-issuance policy review and document all discrepancies for review with Sr. UA, Team Lead, or account underwriter; forward discrepancies to Shared Services for correction as agreed
Assist underwriters with broker follow-ups on outstanding subjectivities (including Legal Agreements, Collateral, Premium, UM/UIM-PIP forms); update systems as required
Track premium booking and policy issuance to ensure LOB metrics are met; escalate to Sr. UA, Team Lead, or account underwriter as needed
Perform and apply knowledge of LOB underwriting rules and/or guidelines for pre-analysis support of submissions in preparation for quoting stage
Communicate account status to manager or underwriter to ensure completion of outstanding items needed to execute policy issuance and premium collection
Exhibit a customer service mindset by proactively engaging with internal and external clients; promptly respond to all phone calls and/or email correspondence
Maintain accurate and updated files for all accounts in accordance with internal service standards and procedures
Attend broker or client meetings as requested by underwriting
Consistently meet service level agreements and metrics in terms of volume, accuracy, and quality
Actively develop knowledge and understanding of fundamental skills and functions of the underwriting support process, underwriting process, risk analysis, and operational drivers
Analyze policy submissions in detail to ensure policy issuance information is accurate and complete
Conduct quality control checks to ensure adherence to division-specific guidelines and procedures

Skills

Key technologies and capabilities for this role

Underwriting SupportRisk AnalysisPolicy ProcessingData AnalyticsCAT ModelingLoss RatingFinancial Statement AnalysisUnderwriting SystemsQuality ControlBroker Communication

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time role.

What are the key responsibilities of the Underwriting Assistant?

Key responsibilities include partnering with underwriters on processing new and renewal business, evaluating submissions for completeness, assisting with follow-ups, performing data analytics, and ensuring policy issuance within timelines.

What skills are needed for this Underwriting Assistant role?

The role requires developing knowledge of underwriting support processes, risk analysis, proficiency in underwriting systems, data analytics, and understanding of LOB underwriting rules and guidelines.

What is the team structure for this position?

This is an individual contributor role within the Underwriting Support Unit of Middle Market Casualty, partnering with regional underwriters, senior UW Support employees, CoE partners, and Shared Services.

What makes a strong candidate for the Underwriting Assistant position?

A strong candidate will have the ability to analyze submissions in detail, conduct quality control checks, demonstrate proficiency in underwriting systems, and effectively partner with underwriters and brokers.

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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