Senior Underwriter Marine

Senior Underwriter Marine

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Environmental, Marine, 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.

About the role

What you need to know:

The Marine Sr. Underwriter will demonstrate significant and extensive technical analysis and a great underwriting acumen combined with marketing and sales skills to meet production underwriting goals. This position will be a primary contributor to the development and production of a profitable portfolio, a key member of a high performing team, and overall underwriting and execution for AIG.  This position will maintain strong broker and client relationships and be responsible for a sub-set of the overall profitability of the business. Candidates are expected to work effectively in a team environment in addition to working independently to manage a profitable book of new and renewal business.

Responsibilities:

• Underwriting and Operational Excellence

  • Execute the agreed strategy, business objectives and target profitability

  • Maintain consistent underwriting best practices and guidelines to ensure rating and pricing adequacy

  • Underwrite new and existing business in accordance with underwriting authority

  • Negotiate pricing, terms and conditions & deal structures

  • Technically evaluate risks to help achieve profitable growth to the portfolio

  • Review and negotiate wordings and coverages

  • Identify cross-selling opportunities with different Lines of Business

  • Maintain and monitor appropriate aggregate exposure by sub-classes, insureds, and geography

  • Ensure that the administration of the document management and workflow systems are carried out in accordance to internal procedures

  • Demonstrate a consistent understanding of regulatory and compliance processes

  • Act in accordance with all regulatory standards and principles at all times

  • Assist in identifying trends in the portfolio, communicating & implementing appropriate measures in order to protect the portfolio from adverse exposures

  • Management of a book of business including broker plans, target account lists, pipelines, and action plans for poor performing accounts

  • Participate in special underwriting projects as needed

• Focus on Underwriting Profit and Execution

• Distribution / Production

  • Participate in and lead broker engagement plans, ultimately driving submission flow that specifically fits our desired appetite

  • Execute business development and marketing strategies to generate new, and continuously develop existing, business relationships

  • Communicate risk appetite and value proposition to brokers

  • Provide superior customer service to brokers and clients

  • Help to develop products and services to producers

  • Collaborate with distribution partners to be visible on a weekly basis

• Team Culture and Market Reputation

  • Promote collaboration, diversity and inclusion within the team

  • Ability to interact and find success in navigating various cultures and situational challenges

  • Participate in industry functions and events to further build the Talbot brand identity and marketplace presence

What we’re looking for:

• Relevant and extensive experience in Marine insurance underwriting.

• Bachelors degree: Business Administration or Economics university degree preferred. Master in Marine Insurance will be a Plus.

• Fluent English and Spanish skills (written & spoken)

• Analytical and quantitative skills

• Knowledge of Risks analysis methodologies.

• Outgoing and entrepreneurial personality

• Good communication and interpersonal skills

• Negotiating, communications and presentations skills

• Organizational and timekeeping skills and a strong sense of attention to detail

• Customer focus

• Results driven

We are an Equal Opportunity Employer

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