Sr. Underwriter - Accident and Health

This Sr. Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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

Financial / Business Development

Responsible for achievement of top and bottom-line results for new and renewal business.Deliver on underwriting profit results with focus on profitability, loss ratio and combined ratio.Develop, maintain and grow relationships with external business partners to drive healthy organic growth of business.Collaborate and cross-sell with other internal stakeholders and lines of business within AIG.

Underwriting / Portfolio Management

Responsible for underwriting new and renewal business including negotiating pricing, coverage, terms, and conditionsMaintain underwriting discipline by adhering to underwriting guidelines, directives, and delegated authority limitsPrepare, review and approval of case referrals by junior peers.Responsible for the quality of underwriting, risk selection and pricing performanceImplement and execute on underwriting best practices and guidelines to ensure rating and pricing adequacyMonitor loss ratio performance for the assigned book of business to ensure monthly/quarterly/annual goals are met.Responsible for the execution of agreed underwriting corrective action plans.Review portfolio analytics and provide leadership to junior peers in the decision making on required actions.

Operations and Business Processes

Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service.Deliver timely and accurate production and P&L reports.Improve service levels, reduce turnaround times, reduce underwriting leakage and improve productivity.Execution of underwriting best practices and guidelines to ensure rating and pricing adequacy.Achieve service levels by managing workflow between underwriting and other stakeholders.Assist in achieving overall GPW goal in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets.Fill in as needed to accomplish regional and business objectives.

Compliance

Quarterly self-audit process to assure 100% and timely compliance.Implement action plans based on audit recommendations and findings.Adherence to all internal and external compliance standards, including implementation of new standards.

PERSONAL QUALIFICATIONS AND CHARACTERISTICS

Educational Qualifications

University degree or higher and / or Minimum 5 years plus experience in Accident and Health business.

Professional and Technical Skills and Experience

Proven Accident and Health products and technical underwriting skills.Demonstrated ability to develop and execute strategies to grow profitability and production growth.Strong customer service ethic, with a sound understanding of the business processes.Excellent communication and influencing skills – both written and oral.Excellent planning, leadership and negotiation skills.Self-motivated and able to set strategic direction.Able to work in a team to lead and contribute so that AIG meets its strategic goals.Knowledge of state regulatory and compliance requirements.Ability to multi-task and handle divisional objectives as requested and handles multiple priorities often under tight deadlines.Strong sense of responsibility for one's actions and work.

For positions based in California, the base salary range is $$88,000 - $110,000. In addition, 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. 

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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 candidatecare@aig.com.  

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

Functional Area:

UW - Underwriting

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