Assistant Regional Underwriting Manager, Financial Institutions, Financial Lines

Join us as an Assistant Regional Underwriting Manager, Financial Institutions, Financial Lines to step up to a key team leadership role that will drive business growth.

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.

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 with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business.

• Responsible for driving talent management, including but not limited not: attracting, managing, developing and retaining talent

• Facilitate local decision making while ensuring the consistent execution of strategic initiatives.

• Assesses underwriting skills of underwriters, delegating underwriting authority based on demonstrated skills, and creates a plan to increase underwriting technical capabilities

• Drive consistent underwriting best practices and guidelines, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.

• Apply deep knowledge of market and industry to advise others and provide guidance in regards to complex risks, exposures, and decisions

• Ensure effective utilization of detailed monitoring standards including quality reviews and self-audits to assess underwriting results and compliance.

• Handle referrals within stated authority.

• Execution of division marketing strategy and representing AIG in the marketplace.

• Ownership of relationships between insureds and distribution partners in the territory

• Lead unit to achieve established goals and objectives for penetration, volume and profitability. Collaborate with Underwriting, Claim, Actuarial, Legal, Regulatory and Product Development to maintain the highest standards of product line profitability, marketability and regulatory compliance

• Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead by example

LEADERSHIP SKILLS:

• Strategic orientation, managing vision and purpose, developing organizational capability.

• Results orientation.

• Strong influencing and communications skills.

• Ability to work across multiple areas of company and industries.

• Ability to exercise good judgment, professionalism and diplomacy in decision making in individual and group interactions

• Strong Initiative and Drive – entrepreneurial spirit is required

• Excellent talent assessment and development skills

TECHNICAL SKILLS & EXPERIENCE:

• 10+ years of Financial Lines Underwriting, Agency or Brokerage experience.

• Bachelor’s degree from a four-year college or university.

• Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, 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 manage and prioritize multiple concurrent projects

• Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority

• 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.

• Knowledge of market segmentation, portfolio management, acquisition and distribution.

• Experience with budgeting and expense control.

• Experience managing or leading a team and/or a P&L

For positions based in New York, the base salary range is $120,000-$180,000. 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.

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].