Catastrophe Modeling Analyst, Downstream Energy, NA, Talbot U.S.

This Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills.

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.

Talbot U.S., a leading U.S.-based Lloyd’s Coverholder/MGA writing on behalf of its parent company, Talbot Underwriting Ltd. (Syndicate 1183), both wholly owned subsidiaries of AIG, is strengthening its leadership position in the E&S market by expanding its team, product, and reach. We aspire to make Talbot the best in the industry for all of our specialty products and services; driving an end-to-end business that delivers exceptional outcomes for our brokers and clients. Talbot is the premier home of global specialized underwriters, addressing the most challenging risks in the market, providing thought leadership and innovative solutions, working to solve our client’s needs as quickly as possible.

POSITION SUMMARY:  

Provide assistance to senior underwriters in underwriting of contacts of insurance in accordance with department standards and agreed underwriting authority. This position also entails visiting brokers and clients on a continuous basis to build and maintain positive working relationships.

How you will create an impact:

• Assist underwriters in completing rating analysis using proprietary models and tools to support the underwriting decision making process.
• Prepare data for use in commercial catastrophe models using MS Access, Excel, SQL and other proprietary tools and software.
• Use commercial catastrophe risk models (primarily RMS – RiskLink) to support underwriting activities.
• Review policy terms and conditions and identify potential issues to be discussed with brokers.
• Communicate with brokers on assigned accounts regarding terms/conditions/pricing
• Identify potential accumulations with other accounts and monitor CAT aggregate accumulations.
• Prepare authorizations and present them for underwriter approval and transmittal to brokers.
• Monitor progress on authorizations for new and renewal business.
• Review and process endorsement requests that come in during the policy term.
• Maintain and organize account files according to department standards.
• Help promote the development of new business by visiting brokers and presenting our capabilities.
• Report as required at weekly and monthly underwriting meetings and other forums as requested.
• Act in accordance with all regulatory standards and principles at all times.
• Other duties as required.

What you will need to succeed:

• Bachelor’s degree or equivalent in Business Administration or related field.
• Proficiency in MS Office (Excel and Access) and Microsoft SQL; knowledge of commercial catastrophe models is preferred.
• Ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters.
• Self-motivated, has superior attention to detail, and can work with minimal daily supervision.
• Excellent analytical, reasoning, and problem solving skills.
• Ability to review policy wording.
• Ability to represent TALBOT US and its underwriting philosophy.
• Thorough knowledge of the underwriting process and familiarity with the reinsurance environment.
• Proven organizational and timekeeping skills and a strong sense of attention to detail.

For positions based in New York City, the base salary range is $72,000-$90,000 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:  AIG Benefits Overview  

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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 cr