Job Information
AIG Senior Underwriter, Marine in Houston, Texas
Senior Underwriter
Join us as a Senior Underwriter to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your first Senior level role.
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.
Our Team
Talbot U.S., a leading U.S.-based Lloyd’s Coverholder/MGA writing on behalf of its parent company, Talbot Underwriting Ltd. (Syndicate 1183), both wholly owned subsidiaries of AIG, is strengthening its leadership position in the E&S market by expanding its team, product, and reach. We aspire to make Talbot the best in the industry for all of our specialty products and services; driving an end-to-end business that delivers exceptional outcomes for our brokers and clients. Talbot is the premier home of global specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, working to solve our client’s needs as quickly as possible.
How you will create an impact
Underwriting and Operational Excellence
Execute the agreed strategy, business objectives and target profitability for the U.S. market for the respective Class of Business
Maintain consistent underwriting best practices and guidelines to ensure rating and pricing adequacy
Underwrite new and existing business in accordance with underwriting authority
Negotiate pricing, terms and conditions & deal structures
Assist in ensuring underwriters with the U.S. team underwrite in accordance with underwriting authority
Act as the primary referral underwriter for the respective U.S. team when the Head of Class is out, to ensure all relevant risks written are in line with underwriting philosophy and policies
Technically evaluate risks to help achieve profitable growth to the portfolio
Review and negotiate manuscript form wordings and coverages
Maintain and monitor appropriate aggregate exposure by sub-classes, insureds, and geography
Ensure that the administration of the document management and workflow systems, population of pricing other risk management information, the maintenance of files and records, underwriting and peer review is carried out in accordance to internal procedures
Ensure that premium entries in the Company’s systems are reviewed and accurately maintained in accordance with applicable procedures
Ensure that any errors or omissions in the entry of risks onto the risk recording system by the relevant team are corrected
Demonstrate a consistent understanding of regulatory and compliance processes
Act in accordance with all regulatory standards and principles at all times
Assist in identifying trends in the portfolio, communicating & implementing appropriate measures in order to protect the portfolio from adverse exposures
Influence decisions by use of analytics and underwriting experience to differentiate Talbot
Management of a book of business including broker plans, target account lists, pipelines, and action plans for poor performing accounts
Participate in special underwriting projects as needed
Provide information and assistance as needed to ensure that other staff can carry out their responsibilities
Make every reasonable effort to increase own knowledge, skills and expertise
Focus on Underwriting Profit and Execution
Ensure effective execution of underwriting standards
Focus on underwriting profitable business that will achieve financial targets
Distribution / Production
Participate in (and lead) broker engagement plans, ultimately driving submission flow that specifically fits our desired appetite
Execute business development and marketing strategies to generate new, and continuously develop existing, business relationships
Communicate risk appetite and value proposition to brokers
Provide superior customer service to brokers and clients
Help to develop products and services to producers
Collaborate with distribution partners to be visible on a weekly basis
Collaboration
Establish strong relationships with leadership and underwriting across the organization
Collaborate to deliver the appropriate underwriting authority in the U.S.
Team Culture and Market Reputation
Promote collaboration, diversity and inclusion within the team
Ability to interact and find success in navigating various cultures and situational challenges
Participate in industry functions and events to further build the Talbot brand identity and marketplace presence
What you’ll need to succeed
Years of Experience and Industry Relevance
7+ years insurance underwriting experience in (or relevant to) the respective Line of Business
Sufficient experience in the insurance industry, with commercial knowledge of P&C lines of business, including product features, forms, regulatory environments and risks
Professional Insurance qualifications and/or designations a plus or evidence of progression towards the same
Established and strong relationships with customers and intermediaries
Proven Capabilities and Relevant Knowledge
Knowledge of market segmentation, portfolio management, and distribution
Strong knowledge of first party insurance for designated Class
Demonstrated sales, marketing, and relationship building experience
Ability to adequately analyze various structures (100%, primary/shared and layered, and excess structures)
Sufficient technical analysis and underwriting acumen combined with marketing and sales skills
Client focused, and results oriented
Willingness to be flexible, learn on the job, and maintain a can-do attitude
Comfort with analytical tools and technology
Other Relevant Skills
Analytical and quantitative skills
Strong problem solving and conflict resolution
Excellent interpersonal, communication, and presentation skills
Ability to share knowledge with other team members and assist in their development
Interest in, or knowledge of, other relevant types of insurance lines of business
Proficiency with the Microsoft Office Suite of applications
Organizational and timekeeping skills and a strong sense of attention to detail are essential
The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters
Must be able to work outside of normal office hours including evenings, weekends and travel for business as necessary
Education
Bachelor’s degree, professional designation, or evidence of progression towards same strongly preferred
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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 belonging
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 .
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG PC Global Services, Inc.
At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (http://www.twitter.com/AIGInsurance) | LinkedIn (http://www.linkedin.com/company/aig) .