Underwriting Specialist – Accident & Health

Underwriting Specialist – Accident & Health

Requirements

• University degree or higher and / or Minimum 5 years+ experience in Accident and Health business.
• Demonstrated knowledge of Accident and Health products
• Proven technical underwriting skills
• Demonstrated ability to develop and execute strategies to grow profitability and top line.
• Strong customer service ethic, with a sound understanding of the business processes.
• Excellent communication, presentation 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 handle multiple priorities, often under tight deadlines.
• Strong sense of responsibility for one’s actions and work.

Responsibilities

• 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.
• 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 for your 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 and key programs 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.
• 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.
• Stay informed about industry trends, market conditions, competitor activities, and regulatory changes within the A&H sector and assigned territory.
• Serve as a subject matter expert for the business.
• Represent AIG and Accident & Health at industry conferences and conventions as needed.
• Mentor and train junior peers.
• Travel as needed for broker and client meetings, industry events, and internal meetings.
• 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.

Preferred Qualifications

No preferred qualifications provided.