Senior Underwriting Specialist, Private Non-Profit, Financial Lines

American International Group•New York, NY

58d•$120,000 - $162,000•Onsite

About The Position

Join us as a Senior Underwriting Specialist, Private Non-Profit, Financial Lines to play a highly influential role in protecting our clients and growing our business. Make your mark in Underwriting AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. 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 level underwriter typically handles accounts/clients which are greater in scope and complexity than those handled by a Senior UW or Underwriter. This role is the most senior level individual contributor position within the product. The role is expected to have increased involvement in the development of new business and industry networking, including conference attendance and business proposals. This level underwriter typically performs highly technical complex assignments within area of expertise. Provides technical direction to management, less senior underwriting staff, producers, and claims adjusting personnel. The role will be responsible for underwriting within Financial Lines product lines. May handle underwriting referrals within stated authority limits. Accepts, declines, or modifies new and renewal submissions submitted by brokers. Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions. Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals. Establishes new business production goals and submission flow relative to the book of business. Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service. Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and FL strategy. May review, evaluate and recommend modifications to underwriting guidelines. Participate in special underwriting projects as needed. Develop strong, long term relationships with brokers and clients to profitably grow a book of business. Provide superior customer service to brokers and clients. May draft manuscript endorsements that are particular to an underwriting exposure(s) for approval by legal. May be responsible for assigning and managing the work of a team of underwriters while providing guidance. Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead through example. What you'll need to succeed 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

Requirements

Minimum 7-9 years of Financial Lines Underwriting, Agency or Brokerage experience.
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.
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

Provides technical direction to management, less senior underwriting staff, producers, and claims adjusting personnel.
The role will be responsible for underwriting within Financial Lines product lines.
May handle underwriting referrals within stated authority limits.
Accepts, declines, or modifies new and renewal submissions submitted by brokers. Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions. Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals. Establishes new business production goals and submission flow relative to the book of business.
Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service.
Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and FL strategy.
May review, evaluate and recommend modifications to underwriting guidelines.
Participate in special underwriting projects as needed.
Develop strong, long term relationships with brokers and clients to profitably grow a book of business.
Provide superior customer service to brokers and clients.
May draft manuscript endorsements that are particular to an underwriting exposure(s) for approval by legal.
May be responsible for assigning and managing the work of a team of underwriters while providing guidance.
Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead through example.

Benefits

For positions based in New York City, the base salary range is $120,000 - $162,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
We're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits.

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