Jobs · Finance · Massachusetts

Senior Underwriter, North America Fronting

AIG · Boston, MA · 3 wk ago
Finance$80k/yrFull-time

About the role

The Senior Underwriter, North America Fronting position at AIG plays a pivotal role in supporting and servicing complex fronting accounts. The main focus is on verifying program structure and reinsurer details, ensuring compliance, and managing account-related tasks.

Responsibilities

  • Work closely with Captive Solutions Fronting Team and liaise with Product pillars to verify program structure and reinsurer details.
  • Collaborate with support teams such as Legal, Actuarial, Credit & Collateral Management to ensure fronting deals are fully compliant.
  • Once bound, gather all necessary program details and reinsurance documentation.
  • Perform sanctions and screening checks.
  • Support Associate Underwriters in completing booking and coding on accounts.
  • Ensure prompt and accurate cash collections and transfers to captives/reinsurers aligned with bookings.
  • Resolve account-related inquiries from internal peers and/or clients/brokers within scope; escalate to leadership if needed.
  • Make independent sales calls to market and cross-market products.
  • Refer declined business to other AIG divisions as appropriate.
  • Participate in client (internal/external) conference calls.
  • Prepare for and assist in responding to all captive audits.

Requirements

  • 3+ years of relevant experience, preferably within the insurance industry.
  • Excellent communication skills, articulate and personable, with the ability to interact with clients and brokers.
  • Proactive, highly motivated, organized, self-sufficient, and capable of working independently under minimal supervision.
  • Strong time management skills, able to meet deadlines and respond flexibly to client needs and program requirements.
  • Ability to manage by influence, demonstrating strong communication, relationship management, organizational, and analytical skills.
  • Adaptable to a dynamic, rapidly changing environment, capable of delivering results and collaborating with a diverse range of colleagues.
  • Demonstrated ability to understand and work with analytical tools, reports, and technology.
  • Computer literacy required: Microsoft IT packages preferred – MS Outlook, Teams, Excel, Word, etc.

Qualifications

While not specified in the job posting, a bachelor's degree in a related field such as actuarial science, finance, or business administration is typically required. Additionally, certification in insurance underwriting may be beneficial.

Skills

  • Knowledge of multiple lines of coverage and topics.
  • Proficiency in using Microsoft IT packages (Outlook, Teams, Excel, Word).
  • Ability to manage and resolve account-related inquiries.
  • Effective communication and interpersonal skills.
  • Strong analytical and problem-solving abilities.
  • Ability to work independently and under minimum supervision.

Benefits

AIG offers a comprehensive benefits package that includes:

  • Health, wellness, and financial security benefits.
  • Professional development opportunities.
  • A supportive and inclusive workplace culture.
  • Continuous learning and development programs.

For positions in Boston, the base salary range is $80,000-$100,000, with eligibility for a bonus based on performance. For positions in New York, the base salary range is also $80,000-$100,000, with similar bonus eligibility.

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