Assistant Underwriter, Downstream Energy, NA, Talbot - New York, United States - AIG
Description
Assistant Underwriter
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 Lloyds 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 clients 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:
+ Bachelors 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, were proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview (https://sprcdn-) .
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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 whats most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of belonging
Were committed to creating a culture that truly respects and celebrates each others talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIGs greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Functional Area:
RK - Risk
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG PC Global Services, Inc.
At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
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