Picture yourself building a successful career at AIG working alongside other talented, highly motivated individuals committed to reaching our goal of becoming the world's leading insurance provider. We believe that our success depends on building a world class team. If you would like to be a part of our team, we invite you to consider putting your talents to work with AIG in our Marine Underwriting division as an Underwriting Specialist.
Position Summary:
The Underwriting Specialist will contribute to the growth of the business by underwriting Ocean Marine products under general direction from the product CUO, performing highly technical complex assignments within area of expertise. Responsible for new and renewal business production and building and maintaining strategic client and broker relationships.
Duties and Responsibilities:
- Providing technical direction to management, less senior specialists, producers, and claims adjusting colleagues
- Accepting, declining or modifying new and renewal submissions: identifying exposures and analysis required to underwrite an account, as well as the coverage policies; determining the exposures to loss assumed and restricted by the insuring agreements and the exclusions
- Managing a book of business and input to the budget relative to regional budget/goals
- Establishing new business production goals and submission flow relative to the book of business
- Collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers
- Developing and implementing pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and underwriting strategy
- Providing superior customer service to brokers and clients
- Driving a culture that promotes collaboration, innovation, diversity and inclusion; attracting and developing talent
What we are looking for:
- Advanced working knowledge of Ocean Marine lines of business, with a technical understanding of Ocean Cargo, Marine Hull and Liabilities, including product features, forms, regulatory environments and associated risks, etc.
- Must be detail-oriented, possess critical thinking skills, decision making based on level of authority, problem solving, competent using analytical tools and technology
- Effective in dynamic environment, adaptable, comfortable with ambiguity, working at pace and prioritizing multiple tasks
- Excellent communication skills (written and verbal), collaboration, building trust with wide range of colleagues and clients
- Have a strong financial understanding, appetite for learning about the industry, negotiating and focused on profitable outcomes
- Minimum 7 years of Commercial Insurance Company, Agency or Brokerage experience
- Bachelor's degree from a four-year college or university 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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