Underwriter II, Financial Institutions

Lexington Specialty Insurance Agency, Inc.; New York; Hybrid; USD 75,000 - 95,000; Full time

Job summary

AIG is seeking an Underwriter II in New York to independently price and issue new and renewal business within authority guidelines. The role involves market engagement with wholesale brokers, collaboration with cross-functional teams, and opportunities to participate in special underwriting projects.

The position emphasizes relationship-building, knowledge of US financial institutions, and adaptability in a dynamic setting, with eligibility for a bonus per incentive plans.

Qualifications

• Undergraduate degree required.
• 2–4 years of Commercial Insurance experience preferred.
• Proven ability to build and maintain professional relationships.
• Knowledge of US Financial Institutions products, forms and regulations.
• Sales/relationship-building experience with wholesale brokers a plus.
• Able to adapt in a dynamic environment and deliver solutions.

Responsibilities

• Independently select, monitor, and price new and renewal business per authority.
• Market products and travel to assigned wholesale brokers as needed.
• Communicate with brokers regarding rating and policy issuance issues.
• Assist in training staff, interns and PAs within the team.
• Coordinate special projects, revised forms, and underwriting guides.
• Represent the company at industry functions and events.

Skills

Relationship building

Analytical skills

Adaptability

Sales experience

Communication skills

Industry knowledge

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

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.

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 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 - Underwriting Lexington Specialty 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.

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