Senior Executive Underwriter - National Accounts, Excess Casualty
AIG · Chicago, IL · 2 mo ago
Finance$120k/yrFull-time
About the role
AIG is seeking a Senior Underwriting Specialist, National Accounts Excess Casualty to contribute to their industry leading Excess Casualty underwriting team. The role involves exercising judgment, negotiating, and making sound business decisions based on increased authority. The successful candidate will be responsible for managing a team of underwriters, assisting with strategic initiatives, and developing strong relationships with brokers and clients.
Responsibilities
- Exercise judgment and make sound business decisions based on increased level of authority.
- Negotiate and make sound business decisions effectively.
- 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.
- Assign and manage 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.
- Identify the need for and manage special underwriting projects as needed.
- Provide superior customer service to brokers and clients.
Requirements
- Minimum 7-9 years of Commercial Insurance Company, Agency or Brokerage experience.
- Proven ability to build and maintain strong professional relationships.
- Advanced working knowledge of the NA Casualty lines of business including product features, forms, regulatory environments and risks etc. (i.e. Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty).
- 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.
- Expert with underwriting analytical tools and technology.
Qualifications
- Education: Bachelor's degree in Business Administration, Finance, Economics, or related field.
- Professional Certifications: CIC, CPCU, or similar industry certifications preferred.
Skills
- Strong analytical and problem-solving skills.
- Excellent interpersonal and communication skills.
- Ability to work independently and as part of a team.
- Proficiency in Microsoft Office Suite.
Benefits
At AIG, we provide a comprehensive benefits package that includes:
- Health, dental, and vision insurance.
- Paid time off and holidays.
- Flexible spending accounts.
- 401(k) retirement savings plan.
- Employee assistance program.
- Discounts on travel, home insurance, and more.
Pay
The base salary range for this position is $120,000-$150,000, with the possibility of a bonus in accordance with the terms of the applicable incentive plan.
Schedule
This role requires being in the office four days a week.