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Underwriter – Environmental – Retail Casualty

Underwriter – Environmental – Retail Casualty

CompanyAmerican International Group
LocationNew York, NY, USA
Salary$68000 – $91000
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior, Mid Level

Requirements

  • 1+ years of relevant professional experience; Insurance experience preferred.
  • Bachelor’s degree from a four-year college or university.
  • Working knowledge of financial statements and analysis.
  • Excellent interpersonal, communication and analytical skills.
  • Excellent organizational skills and ability to handle multiple tasks in a high-volume, fast-paced environment.
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
  • Ability to facilitate cross-function collaboration, especially regarding technical aspects.
  • Detail-oriented with demonstrated ability to self-direct, prioritize work, and meet deadlines.
  • Takes initiative on projects and assignments, seeks alternate solutions when necessary.
  • Highly motivated and results-oriented.

Responsibilities

  • Underwrites NA Casualty Products under general supervision, issuing quotes and policies while ensuring standards and compliance guidelines are met.
  • Responsible for underwriting a specific line of business within NA Casualty (i.e. Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty).
  • Evaluating, prioritizing, and selecting submissions to be underwritten.
  • Identifying risk exposures, special or common hazards, claims experience and appropriate controls.
  • Analyzing claims and quantifying losses.
  • Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks.
  • Ensuring underwriting files and services standards and compliance guidelines are adhered to on assigned accounts.
  • Offering coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
  • Capturing market intelligence and broker feedback on accounts.
  • Demonstrating strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgment.
  • Demonstrating success in negotiation and building collaborative relationships.
  • Appropriately balancing changing priorities based upon underwriting needs and performing within time constraints with a high volume of work.
  • Selling and negotiating to achieve bottom line profitability for the Company.
  • Contributing to development of producer strategies.
  • Developing and maintaining a submission pipeline sufficient to achieve overall production and business mix objective.
  • Providing superior customer service to brokers and clients (internal & external).

Preferred Qualifications

  • Exposure to NA Casualty products is preferred. (i.e. Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty)