Executive Underwriter

Los Angeles, CA

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. AIG’s underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.

AIG is seeking an Executive Underwriter to contribute to their industry leading Public Management Liability team. AIG is a market leader in this space and continues to deliver innovative solutions that meet the needs of publicly traded companies regardless of their size. AIG prides itself on maintaining a solutions oriented approach and is looking for forward thinking and creative underwriters to effectively navigate a frequently changing marketplace in a client centric manner. In this role, you will be responsible for underwriting and servicing an existing renewal book as well as competing for new business opportunities. This role includes constant interaction with top nationwide brokers and Fortune 500 companies as well as developing and established regional based firms who seek tailored and unique risk transfer solutions. Through this role, underwriters have the opportunity to be part of a highly evolving and dynamic atmosphere that includes client facing exposure to leaders in the worlds of insurance, business, and law.

What you need to know:

Rapidly evaluate, prioritize and select submissions to be underwritten.
Demonstrates advanced technical underwriting skills through strategic, thorough account reviews and file documentation.
Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
Use all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed.
Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast-paced environment characterized by ambiguity and change.
Understands loss trends, loss triangles, and ratemaking.
Assist with overseeing territorial books of business both through the use of various daily reports and constant monitoring of adherence to underwriting requirements and guidelines.
Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities.
Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
Assist regional manager and product leaders in further developing existing broker relations as well as establish new relationships to attract 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 on a portfolio of mostly complex risks.
Participate in special underwriting projects as needed.
Provide training and assistance to less experienced underwriters to better enable them to execute on strategies.
Represent AIG at client and broker functions without supervision as necessary/appropriate.
Provide superior customer service to brokers and clients.

What we’re looking for:

Minimum 5+ years of relevant professional experience. Commercial Insurance Company, Agency or Brokerage experience preferred.
Bachelor’s degree from a four-year college or university.
Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Fidelity) including product features, forms, regulatory environment, and risks etc.
Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and prioritize and manage multiple concurrent projects.
Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
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.
Comfort with analytical tools and technology.
For positions located in San Diego, the base salary range for this position is $63,000-$78,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
For positions located in Los Angeles, the base salary range for this position is $65,000-$82,000 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.

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 - UnderwritingEstimated Travel Percentage (%): Up to 25%Relocation Provided: NoRisk Specialists Companies Insurance Agency, Inc.

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