Underwriting Support Specialist at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Part TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Knowledge of commercial insurance policy forms and regulatory requirements
Bachelor’s degree preferred or equivalent work experience
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 client (internal and external) needs and act proactively
Problem Solving – identify problems and solutions matched to the appropriate solutions
Attention to Detail – demonstrate attention to detail to ensure accurate documentation is maintained
Leadership Skills – ability to mentor peers in the team

Responsibilities

Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region
Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite; triage submission for missing information and follow up with the broker for outstanding items
Perform a comparison of renewal submission information against prior year information and document differences for underwriting (e.g., large exposure change, new entities or sold entities, change in operations, significant change in loss history)
For renewals prior to policy expiration, review policies for manuscript endorsements and initiate the manuscript endorsement approval process on behalf of underwriting
Issue policies, endorsements, and cancellations; prepare policy writing instructions and premium billings, and process individual policy filings
Complete loss rating and develop initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter
Possess an in-depth understanding of coverages and program structures, as well as internal policy coding systems to ensure account completeness
Designated as the first point of contact for brokers
Assist the underwriter in the preparation of business and metric reports; assist in the review of procedures to resolve issues
Train and provide oversight of less experienced support staff
Participate in projects as required
Establish effective relationships with internal and external customers
Perform quality control of all work returned from Shared Services (e.g., manual rating, policies, endorsements)
Perform quality control of premium audit statements prior to underwriting review; document discrepancies and work with the premium auditor for resolution
Perform quality control of adjustments prior to underwriting review; document discrepancies and work with CS adjustment team for resolution
Attend broker or client meetings as requested by underwriting

Skills

Risk Screening

Underwriting Support

Policy Issuance

Endorsements Processing

Cancellations

Loss Rating

Coverage Structuring

Renewal Review

Manuscript Endorsements

Premium Billings

Broker Communication

LOB Risk Appetite

Policy Coding

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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