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Senior Executive Underwriter, Professional Liability/Cyber, West Financial Lines

AIG

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.

Underwriting

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world.

About the role

AIG is seeking a Senior Executive Underwriter to contribute to their industry leading Professional and Cyber Liability team. AIG’s strong foundation as the market leader in this area has consistently evolved through innovation, creativity, use of technology, and emphasis on data analytics. AIG prides itself as staying ahead of the curve and are looking for forward thinking and inventive underwriters to facilitate in navigating a frequently changing marketplace. Areas of focus will be around E&O, Technology, Media and Cyber Liability. In this role, you will be responsible for underwriting and servicing an existing renewal book as well as soliciting new business opportunities. This role includes constant interaction with top nationwide brokers and insureds as AIG’s client base consists of Fortune 500 companies as well as major local regional players who elicit tailored and unique solutions. Through this role, underwriters gain access to a highly evolving and dynamic atmosphere that involves exposure to major influencers in the insurance, technology, and legal fields.  

This level underwriter typically works with accounts/clients which are greater in scope and complexity. The role is expected to have increased involvement in the management, development and training of the staff and increased responsibility for the business results of the unit.

What you need to know:

  • 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. 

What we are looking for: 

  • Minimum 7+ years of Financial Lines, 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 US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) 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

For positions based in San Francisco, California, the base salary range is $148,000-$164,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

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.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

Risk Specialists Companies Insurance Agency, Inc.

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