| Job Description : |
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial
and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through
a diversified, multichannel distribution network.
About the role
This role analyzes and evaluates risk and accepts, rejects, or modifies risk and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives. The underwriter will be responsible for Guaranteed Cost business in the Middle Market Energy Division. Specific acumen in Energy Casualty risks is beneficial, though not a prerequisite.
Under limited direction, underwrites complex standard and non-standard products, new and renewals. Determines how pricing should be modified based on loss experience and is able to evaluate complex exposures.
The role will be responsible for underwriting the Workers’ Compensation, General Liability and Auto Liability primary Casualty product lines.
Communicate risk appetite and NA Casualty Value Proposition to brokers.
Evaluates risk and gives approval or declination for quotes.
Reviews new distribution opportunities, identifies new business relationships, manages pipeline of opportunities and collaborates with region to ensure new opportunities are explored and pursued.
Ensures proper underwriting and rating of renewal business through actual case preparation and monitoring of Underwriters and Associate Underwriters.
Reviews the more difficult accounts and ensures that they are issued accurately and in a timely fashion. Rapidly evaluates, prioritizes and selects submissions to be underwritten.
Has the knowledge and ability to explain the rationale behind the underwriting decisions made on an account.
Generates new business and provides underwriting guidance and appropriate rates for alternate plans at time of renewal.
Makes independent sales calls to market and cross-market products. Identifies target markets, designs, and implements strategies for lead development and builds prospect lists.
Identifies cross-selling opportunities. Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
Travels to broker/client meetings to serve as the NA Casualty product expert and to identify cross selling opportunities.
Perform special requests for clients, which may include task such as business plan changes, or analyzing new agreements.
May direct or conduct internal underwriting audits.
Refers declined business to other AIG divisions, as appropriate.
TECHNICAL SKILLS & EXPERIENCE:
Minimum 5 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.
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.
Willingness to be flexible, learn on the job, and maintain a can-do attitude.
Expertise with analytical tools and technology.
A look at our benefits (For U.S. and UK only)
At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, the “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.
We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its’ policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG’s COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG. Exemptions may be considered on a case-by-case basis in accordance with applicable law.
Functional Area:
UW – Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
National Union Fire Insurance Co of Pittsburgh, PA |
