Assistant Regional Underwriting Manager, PL/Cyber, Midwest Financial Lines
About The Position
AIG is seeking an Assistant Regional Underwriting Manager to contribute to their industry-leading Professional and Cyber Liability team. AIG’s strong foundation as the market leader in this area has consistently evolved through innovation, creativity, use of technology, and emphasis on data analytics. AIG prides itself as staying ahead of the curve and are looking for forward-thinking and inventive underwriters to facilitate in navigating a frequently changing marketplace. Areas of focus will be around E&O, Technology, Media and Cyber Liability. In this role, you will be responsible for underwriting and servicing an existing renewal book as well as soliciting new business opportunities. This role includes constant interaction with top nationwide brokers and insureds as AIG’s client base consists of Fortune 500 companies as well as major local regional players who elicit tailored and unique solutions. Through this role, underwriters gain access to a highly evolving and dynamic atmosphere that involves exposure to major influencers in the insurance, technology, and legal fields. The Assistant Regional Underwriting Manager will be based in Chicago and report to the Regional Underwriting Manager. This role will support the development and execution of the strategies for the portfolio within the territory. This role will be responsible for management of a team of Underwriters and oversee the performance of a portfolio of accounts. Further, the position will be responsible for the execution of the strategies for the defined territory. Role can also be a hybrid where manager also underwrites a book of business. Additionally, this role 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 within the Zone/Region and with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business.
Requirements
- Minimum 7+ years of Commercial Underwriting or Brokerage experience
- Bachelor’s degree from a four-year college or university
- Advanced knowledge of the US Cyber/E&O businesses including product features, forms, regulatory environment and risks etc.
- Proven ability to build and maintain strong professional relationships
- 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
- Proficient with underwriting analytical tools and technology
- External thought leadership
- Understanding of how to be effective and productive within a matrixed structure
- Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased level of authority
- Drive consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, and structural adequacy
Responsibilities
- Underwriting and servicing an existing renewal book
- Soliciting new business opportunities
- Management of a team of Underwriters
- Overseeing the performance of a portfolio of accounts
- Execution of strategies for the defined territory
- Managing all Underwriting including planning and monitoring work
- Development of underwriting and/or marketing skills
- Ensuring adherence to underwriting guidelines
- Direct accountability for the business results of their unit within the Zone/Region
- Assigning and managing the work of a team of underwriters
- Assisting underwriters in executing on strategic initiatives
- Providing support and developing solutions to underwriter issues/concerns (system, guidelines, training, reports, new project request, product amendments)
- Collaborating with Distribution, Business & Product Leaders, and other line(s) of business underwriters to target desirable accounts and cross-selling opportunities from brokers
- Monitoring adherence to underwriting requirements and guidelines for assigned book of business
- Keeping abreast of developments in competitive & risk landscapes to determine their effect on both renewal accounts and potential new business opportunities
- Developing strong, long-term relationships with brokers and clients to profitably grow a book of business
- Identifying the need for and managing special underwriting projects as needed
- Providing superior customer service to brokers and clients
- Working collaboratively with all Financial Lines Product Heads, Regional Executives, the Chief Underwriting Office and Actuarial, Legal and Claims departments
- Fostering a culture that promotes collaboration, innovation, diversity, equity and inclusion
Benefits
- Eligible for a bonus in accordance with the terms of the applicable incentive plan
- Total Rewards Program, a comprehensive benefits package focused on health, wellbeing and financial security—as well as professional development
- Continuous learning and development
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What This Job Offers
Job Type
Full-time
Career Level
Manager
