At AIG, we are reimagining the way we help customers to manage risk. Join us as an Assistant Regional Underwriting Manager, PL/Cyber, Midwest Financial Lines to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Make your mark in Underwriting
AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
AIG is seeking an Assistant Regional Underwriting Manager 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.
The Assistant Regional Underwriting Manager will be based in Chicago and report to the Regional Underwriting Manager. This role will support the development and execution of the strategies for the portfolio within the territory.
This role will be responsible for management of a team of Underwriters and oversee the performance of a portfolio of accounts. Further, the position will be responsible for the execution of the strategies for the defined territory. Role can also be a hybrid where manager also underwrites a book of business.
Additionally, this role manages all Underwriting including the planning and monitoring work, development of underwriting and/or marketing skills, and ensuring adherence to underwriting guidelines. This position has direct accountability for the business results of their unit within the Zone/Region and with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business.
What you will need to succeed
-
Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased level of authority.
-
Drive consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, and structural 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 manager & underwriters in collaborating with Distribution, Business & Product Leaders, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
-
Monitor the adherence to underwriting requirements and guidelines for assigned book of business.
-
Keep abreast of developments in competitive & risk landscapes to determine their effect on both renewal accounts and potential new business opportunities.
-
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.
-
Work collaboratively with all Financial Lines Product Heads, Regional Executives, the Chief Underwriting Office and Actuarial, Legal and Claims departments.
-
Foster a culture that promotes collaboration, innovation, diversity, equity and inclusion.
Skills & Experience:
-
Minimum 7+ years of Commercial Underwriting or Brokerage experience
-
Bachelor’s degree from a four-year college or university
-
Advanced knowledge of the US Cyber/E&O businesses including product features, forms, regulatory environment and risks etc.
-
Proven ability to build and maintain strong professional relationships
-
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
-
External thought leadership
-
Understanding of how to be effective and productive within a matrixed structure
The base salary range for this position is $135,000-$175,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
#LI-AIG #CyberInsuranceUnderwriting
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides 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.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to [email protected].
UW - Underwriting
Risk Specialists Companies Insurance Agency, Inc.
