Underwriting Team Lead, Lexington Property

Company: American International Group
Location: Boston
Posted on: November 13, 2024

Job Description:

Underwriting Team Lead, Lexington PropertyAt AIG, we are reimagining the way we help customers to manage risk. Join us to play your part in that transformation. It's an opportunity to grow your skills and experience as a valued member of the team.Lexington InsuranceAIG's Lexington Insurance Company is the leading US-based surplus lines insurer. For over 50 years, it has provided flexible solutions to companies and organizations of all sizes - from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients.How you will create an impact

• Ability to exercise judgment, negotiate and make sound business decisions effectively based on increased level of authority.
• Renders alternative outcomes for more difficult situations and makes real-time decisions in a fast-paced environment characterized by ambiguity and change.
• Support consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Responsible for assigning and managing the work of a team of underwriters.
• Assist underwriters in executing on strategic initiatives. Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments).
• Assist underwriters in collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
• Utilize various daily reports and constant monitoring of adherence to underwriting requirements and guidelines to oversee assigned book of business.
• Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities.
• Work with management, the Insured, its broker and outside counsel on contract terms and conditions, as well as pricing, terms & conditions, and deal structure for complex risks.
• Develop strong, long-term relationships with brokers and clients to profitably grow a book of business.
• Identify the need for and manage special underwriting projects as needed.
• Provide superior customer service to brokers and clients.
• Produce, underwrite, manage and service a profitable book of business.What you'll need to succeed
  • Effective Team and People Manager, able to attract, engage, retain, and develop a high performing team to meet current and future business needs with ability to clearly articulate and execute plans.
  • Commercial Insurance Company, Agency or Brokerage experience
  • Bachelor's degree from a four-year college or university preferred.
  • Proven ability to build and maintain strong professional relationships.
  • Advanced knowledge of Excess & Surplus Property line of business, including product features, forms, regulatory environment and risks etc.
  • Demonstrated sales, marketing, and relationship building experience.
  • Highly motivated and results oriented.
  • Very strong verbal and written communication skills.
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
  • Proficient with underwriting analytical tools and technology.Ready to solve bigger problems? We would love to hear from you.Enjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what's 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 security-as well as your professional development-to bring peace of mind to you and your family.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's 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 belongingWe're committed to creating a culture that truly respects and celebrates each other's 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 AIG's 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 candidatecare@aig.com.Functional Area: UW - Underwriting Lexington Insurance Company
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Keywords: American International Group, Brookline , Underwriting Team Lead, Lexington Property, Other , Boston, Massachusetts