Assistant Regional Underwriting Manager, Public Companies, Financial Lines

Join us as an Assistant Regional Underwriting Manager, Public Companies, Financial Lines to play a key leadership role that will drive business growth.

Make your mark in Underwriting

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.

How you will create an impact

The Assistant Regional Underwriting Manager for Corporate Accounts, Financial Institutions portfolio will be based in New York and report to the Regional Underwriting Manager in the Northeast region.  This role will support the development and execution of the strategies for this portfolio within the territory.

This role will be responsible for management of a team of Underwriters and oversee the performance of a portfolio of accounts.  Further, the position will be responsible for the execution of the strategies for the defined territory.  Role can also be a hybrid where manager also underwrites a book of business.

Additionally, this role will assist in managing all Underwriting including the planning and monitoring work, development of underwriting and/or marketing skills, and ensuring adherence to underwriting guidelines. This position has shared accountability for the business results of their unit within the Zone/Region and with respect to profitability, penetration and/or volume within a specific account, segment, geographic area, product or line of business.

Role and Responsibilities:

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

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

• Responsible for assigning and managing the work of a team of underwriters.

• Assist underwriters in executing on strategic initiatives.  Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments). 

• Assist manager & underwriters in collaborating with Distribution, Business & Product Leaders, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.

• Monitor the adherence to underwriting requirements and guidelines for assigned book of business.

• Keep abreast of developments in competitive & risk landscapes to determine their effect on both renewal accounts and potential new business opportunities.

• Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.

• Identify the need for and manage special underwriting projects as needed.

• Provide superior customer service to brokers and clients.

• Work collaboratively with all Retail Casualty Product Heads, Regional Executives, the Chief Underwriting Office and Actuarial, Legal and Claims departments

• Foster a culture that promotes collaboration, innovation, diversity, equity and inclusion

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.

• Demonstrated experience in managing a team.

What you’ll need to succeed

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

• 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.

Ready to step up to new challenges? We would love to hear from you.

For positions based in New York City, the base salary range is $125,000 - $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.

#LI-AIG

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].