Insurance Underwriter Jobs

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Underwriter I, Retail Property

AIG InsuranceChicago, IL
Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriter, Retail Property 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 Underwriting, Retail Property 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.

Requirements

  • 1+ years of relevant professional experience.
  • Commercial Insurance Company, Agency or Brokerage experience preferred.
  • Bachelor’s degree from a four-year college or university.
  • Demonstrated sales, marketing, and relationship building experience.
  • Working knowledge of Retail Property products is preferred.
  • 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, especially regarding technical aspects.
  • Comfort with financial statements, analytical tools and technology

Responsibilities

  • Reporting to the Zonal Underwriting Manager or Underwriting Lead, this role underwrites Retail Property Products under general supervision, issuing quote and policies while ensuring standards and compliance guidelines are met.
  • These individuals will analyze information and have the opportunity to connect with clients and brokers.
  • Underwriting a specific line of business within Retail Property
  • Evaluating, prioritizing, and selecting submissions to be underwritten.
  • Identifying risk exposures, special or common hazards, claims experience and appropriate controls.
  • Analyzing claims and quantifying losses.
  • Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks.
  • Ensuring underwriting files and services standards and compliance guidelines are adhered to on assigned accounts.
  • Offering coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
  • Capturing market intelligence and broker feedback on accounts.
  • Begin demonstrating technical expertise with product(s) in the Financial Lines portfolio.
  • Demonstrating strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgment.
  • Demonstrating success in negotiation and building collaborative relationships.
  • Multi-tasking, prioritizing and time management skills

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

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