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AIG · 5 months ago

Senior Executive Underwriter, AIGRM

Chicago, IL

Full-time

Onsite

Senior Level

$153K/yr - $190K/yr

7+ years exp

AIG is a global insurance company providing insurance products to support clients in business and in life. As a Senior Executive Underwriter, you will play a crucial role in managing risk through underwriting complex insurance solutions and supervising a team of underwriters, ensuring adherence to guidelines while building strong relationships with brokers and clients.

BankingFinancial ServicesInsurance

Responsibilities

This role may supervise a group of Senior and Associate Underwriters, including designing and monitoring work, development of underwriting and/or marketing skills, and ensuring adherence to underwriting guidelines

This level underwriter typically performs highly technical complex assignments within area of expertise

Provides technical direction to management, less senior specialists, producers, and claims adjusting personnel

Responsible for underwriting the Workers’ Compensation, General Liability and Auto Liability primary Casualty product lines

Accepts, declines, or modifies new and renewal submissions submitted by brokers. Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions. Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals. Establishes new business production goals and submission flow relative to the book of business

Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service

Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and AIGRM strategy

May review, evaluate and recommend modifications to underwriting guidelines

Develop strong, long-term relationships with brokers and clients to profitably grow a book of business

Provide superior customer service to brokers and clients

May draft manuscript endorsements that are particular to an underwriting exposure(s) for approval by legal

May be responsible for assigning and managing the work of a team of underwriters while providing guidance

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

Qualification

UnderwritingWorkers’ CompensationGeneral LiabilityAuto LiabilityPricing strategyRisk managementTeam supervisionCross sellingEmployee engagementLong-term relationship building

Required

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

Comfort with analytical tools and technology