Underwriter I, Retail Property

aig; Chicago (IL); On-site; USD 62,000 - 82,500; Full time

Job summary

AIG is seeking an Underwriter for Retail Property in Illinois. The role involves underwriting a line of Retail Property, analyzing risk, and pricing to meet the company’s standards. You will connect with clients and brokers while supporting the underwriting discipline.

Ideal candidates have 1+ years in commercial insurance, a bachelor’s degree, and strong communication skills. The position offers a base salary with bonus eligibility and a broad benefits package.

Qualifications

• 1+ years of relevant professional experience.
• Strong verbal and written communication skills.
• Demonstrated sales, marketing, and relationship building experience.
• Working knowledge of Retail Property products is preferred.
• Ability to work in a dynamic, rapidly changing environment and collaborate across teams.
• Comfort with financial statements and analytical tools.

Responsibilities

• Underwrite a specific line of business within Retail Property.
• Evaluate, prioritize, and select submissions to be underwritten.
• Identify risk exposures, hazards, claims experience and controls.
• Analyze claims and quantify losses.
• Ensure files and services standards adhere to guidelines and comply with underwriting discipline.
• Offer coverage, terms and conditions to generate profit while meeting customer needs.
• Capture market intelligence and broker feedback.

Skills

Client relationships

Verbal/written communication

Analytical thinking

Adaptability

Education

Bachelor's degree

Tools

Analytical tools

Job description

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriter, Retail Property to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Underwriting, Retail Property

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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 you will create an impact

Reporting to the Zonal Underwriting Manager or Underwriting Lead, this role underwrites Retail Property Products under general supervision, issuing quote and policies while ensuring standards and compliance guidelines are met. These individuals will analyze information and have the opportunity to connect with clients and brokers.

• Underwriting a specific line of business within Retail Property
• Evaluating, prioritizing, and selecting submissions to be underwritten.
• Identifying risk exposures, special or common hazards, claims experience and appropriate controls.
• Analyzing claims and quantifying losses.
• Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks.
• Ensuring underwriting files and services standards and compliance guidelines are adhered to on assigned accounts.
• Offering coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
• Capturing market intelligence and broker feedback on accounts.
• Begin demonstrating technical expertise with product(s) in the Financial Lines portfolio.
• Demonstrating strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgement.
• Demonstrating success in negotiation and building collaborative relationships.
• Multi-tasking, prioritizing and time management skills

What you’ll need to succeed

• 1+ years of relevant professional experience. Commercial Insurance Company, Agency or Brokerage experience preferred.
• Bachelor’s degree from a four-year college or university.
• Demonstrated sales, marketing, and relationship building experience.
• Working knowledge of Retail Property products is preferred.
• 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, especially regarding technical aspects.
• Comfort with financial statements, analytical tools and technology

For positions based in Illinois, the base salary range is $62,000-$82,500 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: US Benefits Overview.

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].