Underwriting Specialist managing Retail Property underwriting processes to drive business growth at AIG. Building relationships with brokers while mentoring team members in an inclusive environment.
About the role
- Leads underwriting for new and renewal business, ensuring compliance and risk assessment for Great American Insurance Group. Develops models and maintains strategic partnerships in the underwriting process.
Responsibilities
- Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite
- Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms
- Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance
- Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions
- Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
- Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation
- Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers
- Monitors and shares insights on industry trends, regulatory changes, and market conditions
- Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
- Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes
- May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports
- Performs other duties as assigned.
Requirements
- Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience
- Generally, a minimum of 13 years of experience in Underwriting or a related field
- Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation
- Performs work under minimal supervision
- Works at the highest authority limits on the most complex assignments
- Maintains expert knowledge of company policies and industry laws and regulations
- Demonstrates expert analytical, risk assessment, and problem-solving skills
- Excellent interpersonal and communication skills
- Advanced negotiation and decision-making ability
- Familiarity with marketing strategies and tools is beneficial
Benefits
- Medical, dental, and vision coverage
- Wellness plans
- Parental leave
- Adoption assistance
- Tuition reimbursement
- Paid Time Off and paid holidays
- 401(k) plan with company match
- Employee stock purchase plan
- Commuter benefits
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