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AIG · 2 weeks ago

Senior Underwriter, Private Non-Profit, Financial Lines

New York, NY

Full-time

Onsite

Mid, Senior Level

$85K/yr - $110K/yr

5+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Underwriter for their Private Non-Profit, Financial Lines team. This role involves underwriting complex risks associated with Financial Lines Private Non-Profit products and collaborating with various stakeholders to drive business opportunities.

BankingFinancial ServicesInsurance

Responsibilities

Rapidly evaluate, prioritize and select submissions to be underwritten

Demonstrates advanced technical underwriting skills through strategic, thorough account reviews and file documentation

Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority

Use all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed

Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast-paced environment characterized by ambiguity and change

Understands loss trends, loss triangles, and ratemaking

Assist with overseeing territorial books of business both through the use of various daily reports and constant monitoring of adherence to underwriting requirements and guidelines

Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities

Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers

Assist regional manager and product leaders in further developing existing broker relations as well as establish new relationships to attract business opportunities

Work with management, the Insured, its broker and outside counsel on contract terms and conditions, as well as pricing, terms & conditions, and deal structure on a portfolio of mostly complex risks

Participate in special underwriting projects as needed

Provide training and assistance to less experienced underwriters to better enable them to execute on strategies

Represent AIG at client and broker functions without supervision as necessary/appropriate

Provide superior customer service to brokers and clients

Qualification

Financial Lines underwritingAdvanced technical skillsProblem solvingSalesMarketingAnalytical toolsRelationship buildingVerbal communicationWritten communicationAdaptability

Required

Minimum 5-7 years of relevant professional 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 prioritize and manage multiple concurrent projects

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

Preferred

Commercial Insurance Company, Agency or Brokerage experience preferred

Benefits

In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

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.