Underwriter II, Financial Institutions

AIG; Chicago (IL); On-site; USD 67,000 - 87,000; Full time

Benefits offered by this job

Bonus eligibility

Competitive benefits

Job summary

AIG is seeking an Underwriter II in Chicago to independently select, price and renew commercial lines within authority. You will market to wholesale brokers, communicate on rating and policy issuance, and help train junior staff.

The role emphasizes relationship building, knowledge of US financial institutions, and adaptability in a dynamic environment, with opportunities for professional growth and a performance-based bonus.

Qualifications

• Undergraduate degree required.
• 2–4 years Commercial Insurance experience (FI space preferred).
• Strong relationship-building skills.
• Knowledge of US financial institutions business, products, forms, regulatory environments.
• Sales/marketing experience with wholesale marketplace.
• Able to adapt to a dynamic environment and deliver solutions.
• Comfort with analytical tools and technology.

Responsibilities

• Independently select, monitor, and price new and renewal business according to guidelines and authority levels.
• Market products/services and travel to assigned wholesale brokers.
• Communicate with brokers regarding rating, underwriting, and policy issuance.
• Assist in training support staff, interns, and PAs.
• Assist with special projects and revisions (forms, coverages, classes, guides).
• Coordinate in-house education/training or company functions.
• Represent the company at industry events in a professional manner.

Skills

Relationship building

Analytical tools

Sales experience

Adaptability

Education

Undergraduate degree

Job description

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriter II 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 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. This is an opportunity for an Underwriter with an entrepreneurial spirit to partner with us as we launch a new line of business. 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

• Independently select, monitor, and price new and renewal business according to Company guidelines per Underwriter’s level of authority as outlined in individual “Authority Letter”.
• Market our products and services and travel to assigned wholesale brokers as required.
• Communicate with brokers regarding rating, underwriting and policy issuance issues.
• Assist in the training of support staff, interns and PAs within the team as well as within the Department.
• Assist, implement, or coordinate special projects and timetables such as revised forms, new coverages/classes, research, and Underwriting Guide revisions.
• Assist in planning, coordinating, and implementing in-house education training or other company functions.
• Represent the company in a professional manner at industry functions, conventions, and corporate events.

What you'll need to succeed

• An undergraduate degree
• Minimum 2-4 years of Commercial Insurance Company, Agency or Brokerage experience, preferably within the Financial Institutions space.
• Proven ability to build and maintain strong professional relationships
• Working knowledge of US Financial Intuitions business including product features, forms, regulatory environments and risks etc.
• Demonstrated sales, marketing, and relationship building experience, ideally with the Wholesale marketplace
• 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

Compensation and Benefits

For positions based in New York the base salary range is $75,000-$95,000. For positions based in Chicago the base salary range is $67,000-$87,000. For positions based in Denver the base salary range is $60,000-$83,000. 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.

We are proud to offer a range of competitive benefits, a summary of which can be viewed here: US 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.

Equal Opportunity & Accessibility

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 Lexington Specialty Insurance Agency, Inc.

Additional Information

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