Senior Underwriting Specialist, Energy

aig; Toronto; On-site; CAD 88,000 - 133,000; Full time

Benefits offered by this job

Total Rewards Program

Job summary

AIG is seeking a Senior Underwriting Specialist for Energy to lead underwriting for a Canadian book and to grow a national pipeline in Oil & Gas, Mining, Construction, Power/Utilities, and Chemical sectors.

The role requires deep energy knowledge, a track record of 10+ years, and the ability to mentor junior staff while collaborating with cross-border teams and brokers. Competitive benefits accompany a heavy travel expectation.

Qualifications

• Energy industry experience and technical acumen.
• 10+ years Insurance Industry experience.
• Bachelor's degree from a four-year college or university.
• Advanced knowledge of Energy lines of business and risk management.

Responsibilities

• Underwrite and manage an existing Energy book and build a pipeline of new opportunities across the country.
• Collaborate with regional peers and provide technical underwriting support.
• Negotiate terms with brokers and clients.
• Communicate value proposition to brokers and clients and demonstrate win capability.
• Identify industry trends and develop strategies accordingly.
• Mentor junior team members and ensure governance and compliance.

Skills

Energy industry experience

Advanced underwriting

Strategic orientation

Strong communication

Broker relationships

Sales/relationship building

Travel readiness

Education

Bachelor's degree

Job description

Senior Underwriting Specialist, Energy

Join us as a Senior Underwriting Specialist to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your next Senior level role.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber and Multinational Clients. 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. AIG has an exciting opportunity for a Underwriter to join our North America Specialty, "Energy Team focusing on property coverage for clients in the Oil and Gas, Mining, Construction, Power/Utilities and Chemical sectors

How you will create an impact:

• Underwriting and managing an existing book of Energy risks and developing and underwriting a pipeline of new business opportunities across the country
• Collaborating with peers in other regions and providing technical underwriting support on existing accounts in those regions, ensuring a consistent approach to market throughout the country.
• Negotiate terms and conditions with brokers and clients
• Communicating our value proposition with our brokers and clients and demonstrating our right to win
• Identifying future industry trends, understand how they will impact ours our client's business and developing new strategies around those trends
• Communicating to internal stakeholders on the profitable of the portfolio
• Providing superior customer service to brokers and clients.
• Attend client/broker meetings, presentations and relevant industry events on behalf of the company.
• Serve as a designated UW resource, exercising technical underwriting authority with regards to Energy lines within Canada
• Ability to mentor and foster junior staff on the team.
• Ensures the required standards of governance, systems and controls, and regulatory compliance are maintained.
• Establish relationships with members of the distribution and zonal leadership teams.
• Embrace a culture that promotes collaboration, diversity, and inclusion.

What you'll need to succeed:

• Energy industry experience & technical acumen.
• Preferred minimum of 10+ years Insurance Industry experience.
• Bachelor's degree from a four-year college or university
• Advanced working knowledge of the Energy lines of business including product features, forms, regulatory environments and risks etc.
• Major Client and complex risk experience, including knowledge of Energy market segmentation, portfolio management, acquisition and distribution
• Strategic orientation, managing vision and purpose, including process excellence and system skills
• Ability to rapidly evaluate, prioritize and select submissions to be underwritten.
• Ability to analyze policy wordings
• Demonstrated knowledge of current market conditions, trends and the ability to leverage that knowledge to give us right to win
• Relationships with tier 1 and 2 brokers and the ability to develop new relationships
• Demonstrated sales, marketing, and relationship building experience.
• Strong verbal and written communication skills
• Ability to work in a fast-paced environment making quick decisions while adhering to sound underwriting discipline
• Willingness to travel 25% of the time

The base salary range for this position is CAD $88,000-$133,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications. If your compensation expectations are above the posted range, we still encourage you to apply - your unique background matters to us. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: CA Benefits Overview.

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 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 world

American 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 inclusion

We'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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [e-mail].

Functional Area:

UW - UnderwritingRisk Specialists Companies Insurance Agency, Inc.