AIG

Head of Financial Institutions

AIG

full-time

Posted on:

Location Type: Hybrid

Location: New York City • Illinois • New York • United States

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Salary

💰 $215,000 - $270,000 per year

Job Level

Lead

About the role

  • Deliver profitable growth through effective risk selection; execute on rate, coverage and limits management strategies; drive targeted correction or remediation strategies as needed
  • Manage all underwriting activities including planning and monitoring work, development of marketing skills and adherence to underwriting guidelines
  • Deliver consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy
  • Assesses skills of underwriters, working with the Head of LexPro and Chief Underwriting Office to delegate underwriting authority based on demonstrated technical capabilities
  • Support regional field underwriting staff through training and development activities
  • Serve as key referral point for field underwriting staff within stated authority; apply knowledge of market and industry to provide guidance on complex risks, exposures, and decisions
  • Drive leading talent management practices, including but not limited to attracting, managing, developing and retaining talent
  • Work with the underwriting team to draft and implement manuscript endorsements and broker specific amendatory endorsements. Review and refresh policy wording as needed.
  • Understanding of regulatory and compliance processes.
  • Work with broker, clients and internal resources to develop innovative new products and capitalize on Lexington competitive advantage.
  • Manage all internal and external audit processes; Create and implement audit preparedness strategies for the team.
  • Help create a culture that promotes collaboration, innovation, diversity, and inclusion
  • Represent the company in a professional manner at industry functions, conventions, and corporate events.

Requirements

  • An undergraduate degree
  • Minimum 10 years of Commercial Insurance Company, Agency or Brokerage experience, within the Financial Institutions space.
  • Understanding of regulatory and compliance processes.
  • Proven ability to build and maintain strong professional relationships
  • Advanced knowledge of US Financial Lines business including product features, forms, regulatory environments and risks etc.
  • Commercial in approach; goal-oriented but flexible enough to value different methods of achievement
  • Strong influencing and communications skills; able to work across multiple areas both internally and externally
  • Highly developed leadership skills that inspire teams to realize their potential
  • Ability to challenge effectively both people and portfolio strategy with the ability to effect change where appropriate
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude
  • Comfort with analytical tools and technology
  • Available to travel when required.
Benefits
  • Competitive benefits package
  • Health, wellbeing, and financial security focused benefits
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
underwritingrisk selectionrate managementcoverage managementlimits managementpolicy wordingaudit processesregulatory compliancefinancial linesproduct development
Soft Skills
leadershipcommunicationrelationship buildinginfluencingcollaborationflexibilityadaptabilityproblem-solvingtalent managementinnovation
Certifications
undergraduate degree