Senior Underwriter, Accident & Health

Sr. Underwriter - Accident and Health

This Sr. 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.

How you will create an impact

Financial / Business Development

• Responsible for achievement of top and bottom-line results for new and renewal business.
• Deliver on underwriting profit results with focus on profitability, loss ratio and combined ratio.
• Develop, maintain and grow relationships with external business partners to drive healthy organic growth of business.
• Collaborate and cross-sell with other internal stakeholders and lines of business within AIG.

Underwriting / Portfolio Management

• Responsible for underwriting new and renewal business including negotiating pricing, coverage, terms, and conditions
• Maintain underwriting discipline by adhering to underwriting guidelines, directives, and delegated authority limits
• Prepare, review and approval of case referrals by junior peers.
• Responsible for the quality of underwriting, risk selection and pricing performance
• Implement and execute on underwriting best practices and guidelines to ensure rating and pricing adequacy
• Monitor loss ratio performance for the assigned book of business to ensure monthly/quarterly/annual goals are met.
• Responsible for the execution of agreed underwriting corrective action plans.
• Review portfolio analytics and provide leadership to junior peers in the decision making on required actions.

Operations and Business Processes

• Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service.
• Deliver timely and accurate production and P&L reports.
• Improve service levels, reduce turnaround times, reduce underwriting leakage and improve productivity.
• Execution of underwriting best practices and guidelines to ensure rating and pricing adequacy.
• Achieve service levels by managing workflow between underwriting and other stakeholders.
• Assist in achieving overall GPW goal in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets.
• Fill in as needed to accomplish regional and business objectives.

Compliance

• Quarterly self-audit process to assure 100% and timely compliance.
• Implement action plans based on audit recommendations and findings.
• Adherence to all internal and external compliance standards, including implementation of new standards.

PERSONAL QUALIFICATIONS AND CHARACTERISTICS

Educational Qualifications

• University degree or higher and / or Minimum 5+ years experience in Accident and Health business.

Professional and Technical Skills and Experience

• Proven Accident and Health products and technical underwriting skills.
• Demonstrated ability to develop and execute strategies to grow profitability and production growth.
• Strong customer service ethic, with a sound understanding of the business processes.
• Excellent communication and influencing skills – both written and oral.
• Excellent planning, leadership and negotiation skills.
• Self-motivated and able to set strategic direction.
• Able to work in a team to lead and contribute so that AIG meets its strategic goals.
• Knowledge of state regulatory and compliance requirements.
• Ability to multi-task and handle divisional objectives as requested and handles multiple priorities often under tight deadlines.
• Strong sense of responsibility for one's actions and work.

For positions based in Chicago, IL the base salary range is $84,000 - $111,000. 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: