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Senior Executive Underwriter, AIGRM
Senior Executive Underwriter, AIGRM-October 2024
Los Angeles
Oct 24, 2024
About Senior Executive Underwriter, AIGRM

  Who we are

  American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

  Get to know the business

  General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

  About the role

  AIG is seeking a motivated Sr. Underwriter to contribute to our AIG Risk Management (AIGRM) team. AIG’s strong brand in the market has allowed for excellent client retention and relationships, along with our desire for strong growth and thus the need for underwriting resources. We consistently provide clients with impeccable service, creative solutions with the use of technology, and a well-known established platform.  Our underwriters constantly deliver in an ever-changing marketplace and world. Areas of focus will be around our core coverages, General Liability, Auto Liability, and Workers Compensation.  In this role, you will be responsible for underwriting and servicing an existing renewal book along with assistance to other team members.  This role includes constant interaction with our brokerage community ensuring our renewals are being serviced properly and out soliciting new business opportunities. Through this role, underwriters gain experience in a wide variety of coverages, client industries and specializations.  

  What you need to know:

  The Senior Executive Underwriter will handles accounts/clients which are great in scope and complexity. This role will provide senior level staff and client management. The role is expected to have increased involvement in the development of new business and industry networking, including conference attendance and business proposals.

  The role will be responsible for underwriting the Workers’ Compensation, General Liability and Auto Liability primary Casualty product lines.

  Communicate risk appetite and AIGRM 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 Commercial products.

  Work with broker to understand & negotiate the deal structure, terms, and AIG Services that best meets clients’ needs.

  May review, evaluate and make recommendations in accordance to underwriting guidelines.

  May direct or conduct internal underwriting audits.

  This position may have junior UW staff as direct reports and will be responsible to manage special projects as needed.

  Provide training and assistance to junior UWs to better enable them to execute on strategies.

  Create guidelines and goals to assist in the execution of special projects and initiatives and closely monitor progress on a continuing basis.

  Monitor new and existing regulations closely and identify when changes become important for our clients.

  Provide support to the underwriting staff and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments).

  Review existing process work flows to identify opportunities for process improvement.

  Participate in special underwriting projects as needed.

  Develop long term relationships with brokers and clients to profitably grow a book of business.

  Develop and manage underwriting strategies for both renewals and new accounts, responsible for the development of underwriting and marketing skills and ensures adherence to underwriting guidelines.

  Provide superior customer service to brokers and clients.

  Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead through example.

  TECHNICAL SKILLS & EXPERIENCE:

  Minimum 7+ 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 US Casualty lines of business (Workers’ Compensation, Auto Liability, and General Liability) including product features, forms, regulatory environments and risks etc.

  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, adapting 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.

  Expert with underwriting analytical tools and technology.

  For positions based in Los Angeles, California, the base salary range is $125,000-$135,000 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 (https://sprcdn-assets.sprinklr.com/248/723ffa1b-01a8-4f89-b8aa-7469d8e62d81-213797826/2023-benefits-overview-for-cor.pdf) .

  A look at our Benefits

  We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

  We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

  We are an Equal Opportunity Employer

  American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

  To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

  AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected] . Reasonable accommodations will be determined on a case-by-case basis.

  We consider qualified applicants with criminal histories, consistent with applicable law.

  Functional Area:

  UW - Underwriting

  Estimated Travel Percentage (%): Up to 25%

  Relocation Provided: No

  National Union Fire Insurance Company of Pittsburgh, Pa.

  At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.

  But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

  Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (http://www.twitter.com/AIGInsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

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