Senior Underwriter, Marine

Marine Underwriter & Energy, Talbot U.S.
Primary Responsibility:
A Senior Underwriter will demonstrate significant technical analysis and underwriting acumen combined with marketing and sales skills to meet production underwriting goals. This position will be a primary contributor to the development and production of a profitable portfolio, a key member of a high performing team, and overall underwriting and execution for Talbot U.S. This position will maintaining strong broker and client relationships and be responsible for a sub-set of the overall profitability of the business. Candidates are expected to work effectively in a team environment in addition to working independently to manage a profitable book of new and renewal business.
Our Team
Talbot U.S., a leading U.S.-based Lloyd's Coverholder/MGA writing on behalf of its parent company, Talbot Underwriting Ltd. (Syndicate 1183), both wholly owned subsidiaries of AIG, is strengthening its leadership position in the E&S market by expanding its team, product, and reach. We aspire to make Talbot the best in the industry for all of our specialty products and services; driving an end-to-end business that delivers exceptional outcomes for our brokers and clients. Talbot is the premier home of global specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, working to solve our client's needs as quickly as possible.
Desired Contribution
As a key contributor to Talbot U.S., you will be a "go-to" source for help, support, and day-to-day execution because of your deep knowledge and expertise in your field and hands-on underwriting performance. As a more experienced team member, you are capable of driving continual improvement and impacting the way that things get done. You are generally considered to be a substitute in-command behind the Head of Class for Talbot U.S., if and when they are out of office. Because of your influence, whether direct or indirect, we are able to deliver powerful outcomes for our clients.
Responsibilities:

• Underwriting and Operational Excellence
  
  • Execute the agreed strategy, business objectives and target profitability for the U.S. market for the respective Class of Business
  • Maintain consistent underwriting best practices and guidelines to ensure rating and pricing adequacy
  • Underwrite new and existing business in accordance with underwriting authority
  • Negotiate pricing, terms and conditions & deal structures
  • Assist in ensuring underwriters with the U.S. team underwrite in accordance with underwriting authority
  • Act as the primary referral underwriter for the respective U.S. team when the Head of Class is out, to ensure all relevant risks written are in line with underwriting philosophy and policies
  • Technically evaluate risks to help achieve profitable growth to the portfolio
  • Review and negotiate manuscript form wordings and coverages
  • Maintain and monitor appropriate aggregate exposure by sub-classes, insureds, and geography
  • Ensure that the administration of the document management and workflow systems, population of pricing other risk management information, the maintenance of files and records, underwriting and peer review is carried out in accordance to internal procedures
  • Ensure that premium entries in the Company's systems are reviewed and accurately maintained in accordance with applicable procedures
  • Ensure that any errors or omissions in the entry of risks onto the risk recording system by the relevant team are corrected
  • Demonstrate a consistent understanding of regulatory and compliance processes
  • Act in accordance with all regulatory standards and principles at all times
  • Assist in identifying trends in the portfolio, communicating & implementing appropriate measures in order to protect the portfolio from adverse exposures
  • Influence decisions by use of analytics and underwriting experience to differentiate Talbot
  • Management of a book of business including broker plans, target account lists, pipelines, and action plans for poor performing accounts
  • Participate in special underwriting projects as needed
  • Provide information and assistance as needed to ensure that other staff can carry out their responsibilities
  • Make every reasonable effort to increase own knowledge, skills and expertise
• Focus on Underwriting Profit and Execution
• Ensure effective execution of underwriting standards
• Focus on underwriting profitable business that will achieve financial targets

• Distribution / Production
  
  • Participate in (and lead) broker engagement plans, ultimately driving submission flow that specifically fits our desired appetite
  • Execute business development and marketing strategies to generate new, and continuously develop existing, business relationships
  • Communicate risk appetite and value proposition to brokers
  • Provide superior customer service to brokers and clients
  • Help to develop products and services to producers
  • Collaborate with distribution partners to be visible on a weekly basis
• Collaboration
  
  • Establish strong relationships with leadership and underwriting across the organization
  • Collaborate to deliver the appropriate underwriting authority in the U.S.
• Team Culture and Market Reputation
  
  • Promote collaboration, diversity and inclusion within the team
  • Ability to interact and find success in navigating various cultures and situational challenges
  • Participate in industry functions and events to further build the Talbot brand identity and marketplace presence

Job Requirements:

• Years of Experience and Industry Relevance
  
  • At least 7 years insurance underwriting experience in (or relevant to) the respective Line of Business
  • Sufficient experience in the insurance industry, with commercial knowledge of P&C lines of business, including product features, forms, regulatory environments and risks
  • Professional Insurance qualifications and/or designations a plus or evidence of progression towards the same
  • Established and strong relationships with customers and intermediaries
• Proven Capabilities and Relevant Knowledge
  
  • Knowledge of market segmentation, portfolio management, and distribution
  • Strong knowledge of first party insurance for designated Class
  • Demonstrated sales, marketing, and relationship building experience
  • Ability to adequately analyze various structures (100%, primary/shared and layered, and excess structures)
  • Sufficient technical analysis and underwriting acumen combined with marketing and sales skills
  • Client focused, and results oriented
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude
  • Comfort with analytical tools and technology
• Other Relevant Skills
  
  • Analytical and quantitative skills
  • Strong problem solving and conflict resolution
  • Excellent interpersonal, communication, and presentation skills
  • Ability to share knowledge with other team members and assist in their development
  • Interest in, or knowledge of, other relevant types of insurance lines of business
  • Proficiency with the Microsoft Office Suite of applications
  • Organizational and timekeeping skills and a strong sense of attention to detail are essential
  • The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters
  • Must be able to work outside of normal office hours including evenings, weekends and travel for business as necessary
• Education
  
  • Bachelor's degree, professional designation, or evidence of progression towards same strongly preferred

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A look at our Benefits
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, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues 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.
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
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