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AIG · 2 months ago

Underwriting Team Lead, Retail Property

NY-New York

Full-time

Onsite

Mid, Senior Level

$105K/yr - $148K/yr

7+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking an Underwriting Team Lead for Retail Property. The role is primarily responsible for executing the geographic underwriting strategy and managing a team of underwriters to develop insurance solutions for various clients.

BankingFinancial ServicesInsurance

Responsibilities

Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased 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

Support consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy

Responsible for assigning and managing the work of a team of underwriters

Assist underwriters in executing on strategic initiatives. Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments)

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

Utilize various daily reports and constant monitoring of adherence to underwriting requirements and guidelines to oversee assigned book of business

Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new 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 for complex risks

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

Identify the need for and manage special underwriting projects as needed

Provide superior customer service to brokers and clients

Qualification

Property UnderwritingAdmitted Property knowledgeUnderwriting analytical toolsRelationship buildingVerbalWritten communication

Required

Minimum 7 years of Property Underwriting, Agency or Brokerage experience

Bachelor's degree from a four-year college or university

Proven ability to build and maintain strong professional relationships

Advanced knowledge of the Admitted Property business including product features, forms, regulatory environment and risks etc

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

Proficient with underwriting analytical tools and technology