Senior Underwriter, National Accounts, Professional Liability/Cyber, Financial Lines

AIG • New York, NY

4d • $110,000 - $127,000 • Onsite

About The Position

Join us as a Senior Underwriter, National Accounts, Professional Liability/Cyber, Financial Lines to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your first Senior level role. 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 AIG is seeking a Senior Underwriter to contribute to their industry leading Professional and Cyber Liability team. AIG’s strong foundation as the market leader in this area has consistently evolved through innovation, creativity, use of technology, and emphasis on data analytics. AIG prides itself as staying ahead of the curve and are looking for forward thinking and inventive underwriters to facilitate in navigating a frequently changing marketplace. Areas of focus will be around E&O, Technology, Media and Cyber Liability. In this role, you will be responsible for underwriting and servicing an existing renewal book as well as soliciting new business opportunities. This role includes constant interaction with top nationwide brokers and insureds as AIG’s client base consists of Fortune 500 companies as well as major local regional players who elicit tailored and unique solutions. Through this role, underwriters gain access to a highly evolving and dynamic atmosphere that involves exposure to major influencers in the insurance, technology, and legal fields. This role underwrites assigned risks under general direction. Has a greater underwriting authority and handles large accounts and/or more complex risks.

Requirements

• Minimum 3+ years of relevant professional experience.
• Commercial Insurance Company, Agency or Brokerage experience preferred.
• Bachelor’s degree from a four-year college or university.
• 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 and exercise influence.
• Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
• Demonstrated sales, marketing, and relationship building experience.
• 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.
• Comfort with analytical tools and technology.

Responsibilities

• Rapidly evaluating, prioritizing and selecting submissions to be underwritten.
• Demonstrating technical underwriting skills through strategic, thorough account reviews and file documentation.
• Exercising judgment, negotiating and making sound business decisions effectively based on level of authority.
• Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast paced environment characterized by ambiguity and change.
• Using all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed.
• Understanding fundamentals of loss trends, loss triangles, and ratemaking.
• Assisting management with the implementation of profit center strategic initiatives and providing technical underwriting and marketing support on other projects.
• Assisting regional manager and product leaders in further developing existing broker relations as well as establish new relationships to attract business opportunities.
• Collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities.
• Working with management, brokers, clients, and outside counsel on deal structure, contract terms and conditions on a portfolio of more complex risks.
• Participating in various underwriting and marketing initiatives to improve company results and drive portfolio strategies.
• Developing strong, long term relationships with brokers and clients to profitably grow a book of business.
• Representing AIG at client and broker functions with supervision as necessary/appropriate.
• Contributing to the mentoring, training and development of less experienced staff.
• Participating in special underwriting projects as needed.
• Providing superior customer service to brokers and clients (internal & external).

Benefits

• For positions based in New York, the base salary range is $110,000-$127,000. 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 Overview.
• At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.
• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level