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AIG · 1 month ago

Senior Underwriting Specialist, Retail Property

Chicago, IL

Full-time

Onsite

Senior Level

$125K/yr - $173K/yr

7+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Underwriting Specialist for Retail Property. This role will be responsible for executing the geographic underwriting strategy, managing a book of business, and collaborating with various stakeholders to enhance service and growth opportunities.

BankingFinancial ServicesInsurance

Responsibilities

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

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

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 Retail Property strategy

May review, evaluate and recommend modifications to underwriting guidelines

Participate in special underwriting projects as needed

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

Qualification

Commercial Insurance ExperienceRetail Property KnowledgeSalesMarketing SkillsAnalytical Tools ProficiencyRelationship BuildingMotivatedVerbal CommunicationWritten CommunicationResults-orientedAdaptabilityTeam Management

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 lines of business Retail Property products 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

Comfort with analytical tools and technology

Benefits

Eligible for a bonus in accordance with the terms of the applicable incentive plan

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