Senior Underwriter, SEMM and US L&H, Retail Casualty

AIG Insurance • Chicago, NY

24d • $81,000 - $109,000 • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Underwriter to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Make your mark in SEMM and US L&H, Retail Casualty. 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. How you will create an impact The role will be responsible for underwriting Admitted Casualty accounts. Communicate risk appetite and NA Casualty Value Proposition to brokers. Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross-selling opportunities from brokers. Rapidly evaluate, prioritize, and select submissions to be underwritten. Recognize and create cross-selling opportunities for other AIG General Insurance products. Work with brokers to understand deal structures, terms, and AIG Services that best meets clients’ needs. Negotiate pricing, terms & conditions, and deal structure with brokers and clients. Participate in special underwriting projects as needed. Develop strong, long-term relationships with brokers and clients to profitably grow a book of business. Collaborating with their manager, develop an individual business plan that is in line with product strategies. Responsible for maintaining risk selection in adherence with product guidelines and for achieving rate, renewal retention, and new business goals. Provide mentoring and training to less experienced underwriters. Provide superior customer service to brokers and clients.

Requirements

• Minimum 3+ years of Commercial Insurance Company, Agency, or Brokerage experience.
• Bachelor’s degree from a four-year college or university.
• Proven ability to build and maintain strong professional relationships.
• Advanced working knowledge of lines of business in a specific NA Casualty line of business including product features, forms, regulatory environments and risks etc. (i.e. Environmental, Excess or Admitted Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty).
• Demonstrated sales, marketing, and relationship building experience.
• Very strong verbal and written communication skills.
• Highly motivated and results oriented.
• Ability to work in dynamic, rapidly changing environment, adapt to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
• Willingness to be flexible, learn on the job, and maintain a can-do attitude.
• Comfort with analytical tools and technology.

Responsibilities

• Underwriting Admitted Casualty accounts.
• Communicate risk appetite and NA Casualty Value Proposition to brokers.
• Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross-selling opportunities from brokers.
• Rapidly evaluate, prioritize, and select submissions to be underwritten.
• Recognize and create cross-selling opportunities for other AIG General Insurance products.
• Work with brokers to understand deal structures, terms, and AIG Services that best meets clients’ needs.
• Negotiate pricing, terms & conditions, and deal structure with brokers and clients.
• Participate in special underwriting projects as needed.
• Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.
• Collaborating with their manager, develop an individual business plan that is in line with product strategies.
• Responsible for maintaining risk selection in adherence with product guidelines and for achieving rate, renewal retention, and new business goals.
• Provide mentoring and training to less experienced underwriters.
• Provide superior customer service to brokers and clients.

Benefits

• For positions based in New York City, the base salary range is $81,000-$109,000 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: Benefits Overview .
• At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees