Regional Production Specialist Sr, Excess & Surplus Lines

AIG • Chicago, IL

5d • $125,000 - $173,000 • Onsite

About The Position

Join us as a Senior Regional Production Specialist to grow your career at the forefront of Lexington Healthcare insurance. Make your mark in Lexington Healthcare AIG’s Lexington Insurance Company is the leading US-based surplus lines insurer. For over 50 years, it has provided flexible solutions to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients. Drawing on their entrepreneurial spirit, colleagues are encouraged each day to rise to challenges and embrace opportunities to make a difference.

Requirements

• At least 8+ years of excess Healthcare insurance leadership experience.
• Knowledge of market segmentation, portfolio management, acquisition, and distribution
• Proven Strategic Leadership skills in developing vision and purpose, driving for results and leading effective teams.
• Established strong relationships with customers and intermediaries.
• Skilled leader of change; versatile, client focused, results oriented.
• Demonstrated business savvy, analytical and quantitative skills.
• Expert technical underwriting background
• Strong problem solving and conflict resolution experience.
• Strategic orientation, managing vision and purpose, developing organizational capability.
• Talent assessment and development for bench strength and succession planning.
• Proven collaborative leadership skills.
• Ability to work in a fast-paced environment making quick decisions while adhering to a sound underwriting discipline.
• Ability and willingness to be highly visible in the marketplace and travel, as necessary.

Responsibilities

• Manages all Healthcare underwriting within an assigned Branch Office and handles referral decisions for the most complex portfolios.
• Takes on a strategic component in the development, implementation and evaluation of all underwriting strategies and guidelines within a Lexington zone, including pricing, marketing, staff, business development, renewals, budget/expenses, and new product development.
• Illustrates sufficient technical analysis, has a strong underwriting acumen combined with the necessary sales and marketing skills to achieve profitable growth targets.
• Coaches, trains and develops junior staff to their fullest potential.
• Produces, underwrites, manages and services a profitable book of business.
• Utilizes underwriter authority in accordance with the published underwriting guidelines.
• Manages a portfolio of renewal and new business including accounts made up of complex risks.
• Seeks out and secures new and profitable business.
• Effectively negotiates and secures policy terms that align with the company directives, especially utilizing new product and service offerings to bring value to the client.
• Develops and manages underwriting strategies for both renewals and prospects within his/her portfolio of accounts, including knowledge of the current penetration by product, and specific plans to increase company share.
• Develops, positions, markets, and delivers innovative, market-leading products and services through regional framework to a network of producers in a manner that effectively leverages our strengths as a competitive differential in the marketplace.
• Develops framework for underwriting authority.
• Demonstrates understanding of regulatory and compliance processes and ensures AIG stakeholders understand the Lexington Healthcare business model, underwriting methodology, and the risks assumed.
• Supports an effective reinsurance strategy that supports our risk appetite for per risk and aggregation.
• Proactively fosters and develops positive relationships with key customers.
• Develops tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.
• Drives a culture that promotes collaboration, diversity, and inclusion.
• Coordinates strategy and works collaboratively with other aligned business functions including claims, actuarial, and consulting.
• Works alongside Distribution Partners, (Business Development Managers and/or Client Directors) to effectively maximize our distribution partner network.
• Provides direction and support to junior underwriters on new and renewal business.

Benefits

• Competitive benefits
• 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
• Volunteer Time Off and Matching Grants Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed