Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.
FCIA Trade Credit & Political Risk (FCIA) is a division of Great American Insurance Company that underwrites and services trade credit and political risk insurance policies – it has been part of the Great American Insurance Group since 1991. FCIA's associated organization, the Foreign Credit Insurance Association, pioneered export credit insurance in the United States in 1961.
FCIA offers export and domestic trade credit insurance as well as a wide variety of specialty trade credit and political risk products that facilitate global trade and related financing activities.
https://www.greatamericaninsurancegroup.com/about-us/business-operations/division/fcia-trade-credit-political-risk
We are looking for a Financial Products Underwriter to join our FCIA team in the New York City office. We are open to various levels of experience, including Financial Products Underwriter II, Senior Financial Products Underwriter, and Senior Financial Products Underwriter II. Job title and compensation will be dependent upon successful applicant’s level of experience. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in‑office days are Tuesday–Thursday, with the fourth day determined by business needs.
Essential Job Functions and Responsibilities
Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
Reviews and evaluates moderately complex financial statements, credit reports, and business operations of applicants.
Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors.
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates existing policies for potential renewal or modification.
Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers.
Stays updated on industry trends, regulatory changes, and market conditions.
Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Interprets, explains, and promotes products and services to drive market growth.
Performs other duties as assigned.
Job Requirements
Bachelor’s Degree in Finance, Economics, Business, or a related field or equivalent experience.
Generally, a minimum of 3 years of underwriting, finance, banking, or related experience.
Ability to travel up to 10% of the time.
Business Unit:
FCIA-Trade Credit & Political Risk
Salary Range:
Benefits:
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
*Excludes seasonal employees and interns.
Great American Insurance Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Great American Insurance Group and has not been reviewed or approved by Great American Insurance Group.
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Leave & Time Off Breadth — PTO, paid holidays, and paid parental leave are positioned as generous from the first year. These time‑off provisions are seen as core strengths of the total package.
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Healthcare Strength — Health coverage includes comprehensive medical, dental, and vision options supported by HSA and FSA programs. Wellness resources such as EAP access, fitness facilities or reimbursements, and instructor‑led classes broaden the offering.
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Retirement Support — Immediate 401(k) eligibility with a competitive company match and potential discretionary retirement contributions support long‑term savings. An employee stock purchase option and various discounts further reinforce financial benefits.
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What We Do
Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking. Great American Insurance Company has received an "A" (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+" (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.
