Senior Underwriting Specialist - Ocean Cargo

American International Group (AIG); New York (NY); On-site; USD 118,000 - 178,000; Full time

Job summary

The Senior Underwriting Specialist - Ocean Cargo at American International Group, Inc. (AIG) will leverage deep Marine Cargo expertise to underwrite large accounts and manage strategic broker relationships from our New York office.

You will contribute to pricing strategy, participate in portfolio reviews, and drive profitable growth while upholding AIG’s standards for service and inclusion. Base salary ranges from $118,000 to $178,000, with bonus eligibility and comprehensive benefits.

Qualifications

• Minimum 7+ years of Commercial Insurance Company, Agency or Brokerage experience.
• Advanced working knowledge of Marine Cargo line of business.
• Detail-oriented with strong analytical and communication skills.
• Ability to work in a dynamic environment and prioritize tasks.
• Strong financial understanding and negotiation focus.

Responsibilities

• Providing technical direction to management, underwriters, producers, and claims adjusting colleagues.
• Accepting, declining or modifying new and renewal submissions with exposure analysis.
• Completing strategic account and portfolio reviews.
• Managing a book of business and contributing to regional budgets.
• Setting new business production goals and submission flow.
• Collaborating with North American Marine Leadership and brokers to target accounts.
• Developing pricing, terms, and deal structures with brokers and clients.
• Providing superior customer service to brokers and clients.
• Representing AIG at client and broker meetings and functions.
• Fostering a culture of collaboration, innovation, diversity and inclusion.

Skills

Marine Cargo knowledge

Underwriting experience

Attention to detail

Analytical thinking

Communication skills

Financial understanding

Collaboration

Education

Post-secondary education

Job description

Join us as a Senior Underwriting Specialist - Ocean Cargo to make more of your expertise and experience.

Who we are At AIG, we protect our clients against uncertainty and risk and provide the confidence for tomorrow’s opportunities. Join us as a Specialty Underwriter to grow your skills and experience as a valued member of the team.

Make your mark in Specialty 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.

How will you create an impact

• Providing technical direction to management, underwriters, producers, and claims adjusting colleagues.
• Accepting, declining or modifying new and renewal submissions: identifying exposures and analysis required to underwrite an account, as well as the coverage policies; determining the exposures to loss assumed and restricted by the insuring agreements and the exclusions.
• Completing strategic account and portfolio reviews.
• Managing a book of business and input to the budget relative to regional budget/goals.
• Establishing new business production goals and submission flow relative to the book of business.
• Collaborating with North American Marine Leadership, Distribution, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers.
• Developing and implementing pricing and negotiation strategy, terms & conditions, and deal structures with brokers and clients while maintaining the quality of the risk and underwriting strategy.
• Providing superior customer service to brokers and clients.
• Represent AIG at Client and Broker meetings and functions.
• Driving a culture that promotes collaboration, innovation, diversity and inclusion; attracting and developing talent.

What you’ll need to succeed

• Minimum 7+ years of Commercial Insurance Company, Agency or Brokerage experience.
• Advanced working knowledge of Marine Cargo line of business with a technical understanding of Multinational and Captive Program including product features, forms, and associated risk, etc.
• Must be detail-oriented, possess critical thinking skills, decision making based on level of authority, problem solving, competent using analytical tools and technology.
• Effective in dynamic environment, adaptable, comfortable with ambiguity, working at pace and prioritizing multiple tasks.
• Excellent communication skills (written and verbal), collaboration, building trust with wide range of colleagues and clients.
• Have a strong financial understanding, appetite for learning about the industry, negotiating and focused on profitable outcomes.
• Post-Secondary education.

The Senior Underwriting Specialist will contribute to the growth of the business by underwriting Cargo products under general direction, performing highly technical complex assignments within area of expertise. Responsible for large accounts, building, maintaining strategic client and broker relationships, and developing new business submissions.

For positions based in New York, the base salary range is $118,000-$178,000. For positions based in San Francisco, the base salary range is $128,000-$164,000. In addition, 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. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview#LI-AIG #underwriting #cargo #oceancargo

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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.

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].

We consider qualified applicants with criminal histories, consistent with applicable law.

Locations: NY-New York; CA - San Francisco
Type: Full time