Underwriter II, Energy

Risk Specialists Companies Insurance Agency, Inc.; Chicago (IL); On-site; USD 84,000 - 111,000; Full time

Job summary

American International Group, Inc. (AIG) is seeking an Underwriter II, Energy to advance risk assessment for the Power and Utility sector. This role focuses on underwriting new and renewal business and working with brokers to source profitable coverage.

You will analyze financial statements, build broker relationships, and provide monthly management information such as submissions, bind rate, and premiums. The position is based in Illinois with base salary ranges disclosed, plus incentive

Qualifications

• 3+ yrs in underwriting experience is preferred.
• The ability to analyze financial statements.
• Strong communication, networking and relationship building skills.
• Good organizational and time management skills.
• Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Responsibilities

• Underwrite new and renewal business to drive profitable growth for the Power and Utility segment.
• Develop and expand broker networks; engage in broker events and build relationships across the market.
• Provide accurate monthly management information including submissions, bind rate, average premium, and total premium.

Skills

Underwriting

Financial statement analysis

Communication

Networking

Relationship building

Time management

Sales orientation

Job description

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

Underwriter II, Energy

This Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills. Make your mark in Underwriting

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

This role will focus on underwriting new and renewal business to help drive the profitable growth of our Power and Utility segment. You will be responsible for assessing the desirability of risk through regular contact with brokers, close coordination with AIG subject matter experts and robust reviews of claims history and general company information.

Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market - in line with a sales plan established with your manager.

Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.

What you'll need to succeed

• 3+ yrs in underwriting experience is preferred
• The ability to analyze financial statements.
• Strong communication, networking and relationship building skills.
• Good organizational and time management skills.
• Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

For positions based in Illinois, the base salary range is $84,000-$111,000.

For positions based in New York City, the base salary range is $110,000-$123,000.

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

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. 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're 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 - Underwriting Risk Specialists Companies Insurance Agency, Inc.

As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength - the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Join our Talent Community

Join our Talent Community. Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.