Underwriter - Excess GEMM

Title: Underwriter - Excess GEMM

Highlights
AIG Job ID: BH/DD Excess UW
Position Type: Not Indicated
Location: NJ-Berkeley Heights
Relocation: No

Requirements
Education: Bachelors
Experience: 3-5 years

Description:
Under general direction, accepts, declines or modifies new and renewal submissions of Excess Casualty lines submitted by brokers. Understands the coverages afforded by the form and can explain the exposures to loss assumed and restricted by the insuring agreements and exclusions. Identifies exposures and understands the appropriate questions to ask and analysis required to underwrite excess casualty. Analyzes financial statements and uses analysis to aid the underwriting decision. In addition, an underwriter should understand how a company is performing relative to its peers, and have an understanding on the future prospects of the company and its industry group. The underwriter also must analyze the risks associated with different Industry Group segments. Review claims history and identifies loss experience that may be a result of inadequate control, management problems, poor disclosure practices, etc. Based on his or her analysis, the underwriter prepares well- thought-out recommendations and action plan.

Either independently, or in consultation with a manager, prepares pricing and negotiation strategy and negotiates coverages and price with producers consistent with the quality of the risk and company strategy. Develop and build relationships with producers and make independent calls to brokers to market products.

Expected to organize and prioritize risks and effectively communicate information needs to the broker with emphasis on building relationships. The underwriter should excel at customer service.



About AIG:
American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making.
AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

AIG is an Equal Opportunity Employer.