Assistant Regional Underwriting Manager, Financial Institutions, Financial Lines

AIG • New York, NY

2d • $120,000 - $180,000 • Onsite

About The Position

Join us as an Assistant Regional Underwriting Manager, Financial Institutions, Financial Lines to step up to a key team leadership role that will drive business growth. Make your mark in Underwriting AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG. Manages all Underwriting including the planning and monitoring work, development of underwriting and/or marketing skills, and ensuring adherence to underwriting guidelines. This position has direct accountability for the business results of their unit with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business. Responsible for driving talent management, including but not limited not: attracting, managing, developing and retaining talent Facilitate local decision making while ensuring the consistent execution of strategic initiatives. Assesses underwriting skills of underwriters, delegating underwriting authority based on demonstrated skills, and creates a plan to increase underwriting technical capabilities Drive consistent underwriting best practices and guidelines, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy. Apply deep knowledge of market and industry to advise others and provide guidance in regards to complex risks, exposures, and decisions Ensure effective utilization of detailed monitoring standards including quality reviews and self-audits to assess underwriting results and compliance. Handle referrals within stated authority. Execution of division marketing strategy and representing AIG in the marketplace. Ownership of relationships between insureds and distribution partners in the territory Lead unit to achieve established goals and objectives for penetration, volume and profitability. Collaborate with Underwriting, Claim, Actuarial, Legal, Regulatory and Product Development to maintain the highest standards of product line profitability, marketability and regulatory compliance Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead by example

Requirements

• 10+ years of Financial Lines Underwriting, Agency or Brokerage experience.
• Bachelor’s degree from a four-year college or university.
• Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment and risks etc.
• Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects
• Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority
• Very strong verbal and written communication skills.
• Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
• Knowledge of market segmentation, portfolio management, acquisition and distribution.
• Experience with budgeting and expense control.
• Experience managing or leading a team and/or a P&L
• LEADERSHIP SKILLS: Strategic orientation, managing vision and purpose, developing organizational capability.
• Results orientation.
• Strong influencing and communications skills.
• Ability to work across multiple areas of company and industries.
• Ability to exercise good judgment, professionalism and diplomacy in decision making in individual and group interactions
• Strong Initiative and Drive – entrepreneurial spirit is required
• Excellent talent assessment and development skills

Responsibilities

• Manages all Underwriting including the planning and monitoring work, development of underwriting and/or marketing skills, and ensuring adherence to underwriting guidelines.
• Direct accountability for the business results of their unit with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business.
• Responsible for driving talent management, including but not limited not: attracting, managing, developing and retaining talent
• Facilitate local decision making while ensuring the consistent execution of strategic initiatives.
• Assesses underwriting skills of underwriters, delegating underwriting authority based on demonstrated skills, and creates a plan to increase underwriting technical capabilities
• Drive consistent underwriting best practices and guidelines, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Apply deep knowledge of market and industry to advise others and provide guidance in regards to complex risks, exposures, and decisions
• Ensure effective utilization of detailed monitoring standards including quality reviews and self-audits to assess underwriting results and compliance.
• Handle referrals within stated authority.
• Execution of division marketing strategy and representing AIG in the marketplace.
• Ownership of relationships between insureds and distribution partners in the territory
• Lead unit to achieve established goals and objectives for penetration, volume and profitability.
• Collaborate with Underwriting, Claim, Actuarial, Legal, Regulatory and Product Development to maintain the highest standards of product line profitability, marketability and regulatory compliance
• Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead by example

Benefits

• We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
• At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.
• Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
• Volunteer Time Off and Matching Grants Programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager