Job Description
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Regional Production Specialist 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 Western World Western World has been providing commercial brokers with non-admitted insurance solutions for over a half century. Our experience in the contract bind property, casualty and garage segments combined with the capabilities of Lexington Insurance, enhances AIG’s ability to provide non-admitted solutions from Main Street to Wall Street. Western World is headquartered in Parsippany, New Jersey. 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”. Evaluate and price risks according to guidelines. Develop strong, long term relationships with wholesale brokers and clients to profitably grow a book of business Negotiate pricing, terms and conditions, & deal structure with brokers Participate in special underwriting projects as needed Provide superior customer service to brokers and clients Market our products and services and travel accompanied to assigned agents as required. Communicate with agents regarding rating, underwriting and policy issuance issues. Train and mentor underwriting staff as well as review, and when necessary, approve underwriting decisions. Initiate, coordinate and implement projects to completion 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. Independently underwrite risks of any level of complexity. Implement work systems and procedures. Suggest improvements whenever necessary. Assist in the evaluation of agents and make recommendations to management. Use various underwriting tools available to you to gain a deeper understanding of your portfolio in order to predict and root out poor performing products and lines of business. Identify loss drivers and determine solutions to grow a profitable mix of business. Represent the company in a professional manner at industry functions, conventions, and corporate events. Advise, make recommendations to and generally assist the Line of Business leader in the development and administration of the company’s technical underwriting philosophies, objectives and product pricing. Collaborate with other functional divisions to improve service and process efficiencies. Make recommendation to Line of Business leader regarding analysis of statistical information provided by data processing and industry services to improve our underwriting and profitability. Assist underwriters with quotes, problems, workflow, projects, etc. What You’ll Need To Succeed Avoid providing a long list of requirements as it can discourage potentially relevant candidates from An undergraduate bachelor’s degree Minimum 10 years of Commercial Insurance Company, Agency or Brokerage experience Proven ability to build and maintain strong professional relationships Working knowledge of Casualty, Property, Inland Marine and Excess lines of business including product features, forms, regulatory environments and risks etc, ideally in the Surplus lines or Excess Casualty space Demonstrated sales, marketing, and relationship building experience 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 Ready to take your career to the next level? We would love to hear from you. Compensation for this position includes base salary and eligibility for a bonus in accordance with the terms of the applicable incentive plan. 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 co