Senior Underwriting Specialist – Retail Property
Company | American International Group |
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Location | Los Angeles, CA, USA |
Salary | $140000 – $180000 |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Senior, Expert or higher |
Requirements
- 7+ years of Commercial Insurance Company, Agency or Brokerage experience.
- Bachelor’s degree from a four-year college or university.
- Proven ability to build and maintain strong professional relationships.
- Advanced working knowledge of lines of business Retail Property products including product features, forms, regulatory environments, and risks, etc.
- Demonstrated sales, marketing, and relationship building experience.
- Very strong verbal and written communication skills.
- Highly motivated and results-oriented.
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
- Comfort with analytical tools and technology.
Responsibilities
- Performs highly technical complex assignments within area of expertise.
- Provides technical direction to management, less senior specialists and underwriters, producers, and claims adjusting personnel.
- Accepts, declines, or modifies new and renewal submissions submitted by brokers.
- Identifies exposures and analysis required to underwrite an account, as well as the coverage policies, and determines the exposures to loss assumed and restricted by the insuring agreements and the exclusions.
- Manages a book of business and may participate in the formulation of the budget relative to regional budget/goals.
- Establishes new business production goals and submission flow relative to the book of business.
- Collaborates with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers while soliciting customer/producer input for improving and enhancing service.
- Develops and implements pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and Retail Property strategy.
- May review, evaluate and recommend modifications to underwriting guidelines.
- Participates in special underwriting projects as needed.
- Develops strong, long term relationships with brokers and clients to profitably grow a book of business.
- Provides superior customer service to brokers and clients.
- May draft manuscript endorsements that are particular to an underwriting exposure(s) for approval by legal.
- May be responsible for assigning and managing the work of a team of underwriters while providing guidance.
Preferred Qualifications
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No preferred qualifications provided.