Underwriter I Specialty Lines - Marine

AIG Insurance • Chicago, IL

1d • Onsite

About The Position

AIG is seeking an Underwriter I specializing in Marine within Specialty Lines. The role supports underwriting activity by reviewing strategic accounts, documenting files, and adhering to underwriting guidelines and discipline. It also provides technical support for profit center initiatives and projects, helps develop processes and procedures that improve efficiency, and contributes to the development of less experienced staff. The underwriter provides customer service to brokers and internal and external clients and may participate in special underwriting projects.

The position calls for an understanding of insurance and associated risks, including loss trends, loss triangles, and ratemaking. The successful candidate will apply analytical and critical thinking skills, make decisions within their level of authority, solve problems, and manage multiple priorities in a dynamic environment. Strong communication, collaboration, financial understanding, negotiation, and a focus on profitable business are important.

AIG asks team members to be primarily in the office, emphasizing in-person collaboration. The position is eligible for a bonus under the applicable incentive plan. AIG describes its Total Rewards Program as including benefits focused on health, wellbeing, financial security, and professional development.

Requirements

• Understanding of insurance and associated risks, including fundamentals of loss trends, loss triangles, and ratemaking.
• Detail-oriented, with analytical and critical thinking skills, decision-making appropriate to level of authority, and problem-solving ability.
• Able to work effectively in a dynamic environment, adapt to ambiguity, work at pace, and prioritize multiple tasks.
• Strong written and verbal communication skills, collaboration skills, and ability to build trust with a wide range of colleagues and clients.
• Financial understanding, willingness to learn about the industry, negotiation skills, and focus on profitable business.
• At least 1 year of relevant professional experience.

Nice To Haves

• Commercial insurance company, agency, or brokerage experience.
• Bachelor’s degree from a four-year college or university.

Responsibilities

• Deliver strategic account reviews and prepare associated file documentation.
• Adhere to underwriting guidelines and discipline.
• Assist management with implementing profit center strategic initiatives and provide technical support on other projects.
• Assist regional managers and product leaders in developing existing processes and establishing new processes and procedures to streamline efficiency.
• Contribute to the development of less experienced staff.
• Participate in special underwriting projects as needed.
• Provide superior customer service to brokers and internal and external clients.

Benefits

• Bonus eligibility in accordance with the terms of the applicable incentive plan.
• Total Rewards Program benefits focused on health, wellbeing, financial security, and professional development.

What This Job Offers

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