Job Information
AIG Ground Up Practice Leader, Retail Property in New York, New York
At AIG, we are reimagining the way we help customers to manage risk. Join us as 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 Retail Property
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.
Reporting to the Head of Retail Property, North America, this role is key in the design and implementation of the underwriting strategy for Retail Property. As part of the product leadership team you will have responsibility for the overall growth and profitability of the portfolio through leadership of the key underwriting practice of Ground Up business. In addition, the position is responsible for contributing to developing a team of highly accomplished, driven colleagues.
How you will create an impact
Responsible for the P&L within North American Retail Property.
Responsible for the highest level day-to-day referrals/approvals within North American Retail Property.
Development and successful execution of key initiatives for the Retail Property portfolio.
Lead, direct and control strategic, financial, and operating plans within the scope of you practice to ensure the organization achieves its short and long-term objectives as set by the overall corporate business plan; and inform and choreograph implementation of key objectives.
Monitor the competitive environment to identify business threats and opportunities and develop business plans to address them.
Drive consistent distribution and underwriting best practices and guidelines to ensure rating and pricing adequacy of the business.
Ensure effective utilization of detailed monitoring standards including quality reviews to assess underwriting results and loss ratios down to the account level.
Mentor regional leaders to develop and implement business strategies with local insights.
Partner closely with General Insurance product leaders, to enhance and integrate all complimentary product offerings.
Co-create business strategy within global framework, focusing on risk appetite that impacts profitability and effectively manages risk.
Oversee decisions regarding pricing strategies, resource allocations and talent assessments.
Ensure alignment between the underwriting platform and CUO, Distribution, Claims, Actuarial, Finance and other functions to achieve product and company goals.
Monitor monthly KPI’s on Retail Property’s UW Scorecard
What you’ll need to succeed
Strategic orientation, managing vision and purpose, developing organizational capability.
Talent assessment and development for bench strength and succession planning.
Proven collaborative leadership skills.
Strong influencing and communications skills and ability to work across multiple areas of company and industries.
Change management and team leadership.
External and internal thought leadership.
Minimum of 15 years of large commercial property insurance experience with an emphasis on engineered risk. Oversight of multiple products and geographies, as well as at least 10 years of staff management experience is preferred.
Proven strategic leadership skills in developing vision and purpose, driving for results and leading effective teams.
Knowledge of market segmentation, portfolio management, acquisition, and distribution.
Demonstrated excellent marketing, influencing, negotiating and communication skills.
Proven insurance business development background.
Established strong relationships with customers and intermediaries.
Demonstrated business savvy, analytical, and quantitative skills.
Strong problem solving and conflict resolution skills.
For positions based in New York City, the base salary range is $283,000-$350,000 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 (https://sprcdn-assets.sprinklr.com/248/723ffa1b-01a8-4f89-b8aa-7469d8e62d81-213797826/2023-benefits-overview-for-cor.pdf) .
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
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