Production Specialist, Builders Risk
About The Position
This underwriting role will be an ideal next step in your career if you already have some relevant experience in insurance - or this could be your entry into underwriting if you have transferable skills. Lexington has an opportunity for a Production Specialist on the U.S. Builders Risk team specializing in underwriting primary, shared & layered construction risks. Make your mark in Underwriting 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. How you will create an impact This role will focus on underwriting new and renewal business to help drive the profitable growth of our Builders Risk portfolio. You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information. Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market - in line with a sales plan established with your manager. Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
Requirements
- Some underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
- The ability to analyze financial statements.
- Strong communication, networking and relationship building skills.
- Good organizational and time management skills.
- Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.
Responsibilities
- Underwriting new and renewal business to help drive the profitable growth of our Builders Risk portfolio.
- Assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information.
- Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting.
- Generate new business by expanding your broker network, attending broker events, and building new relationships across the market - in line with a sales plan established with your manager.
- Provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
Benefits
- For positions based in New York, Los Angeles, San Francisco, Chicago, Denver, OR Jersey City, the base salary range is $74,000 - $92,600 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Insurance Carriers and Related Activities
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
