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Head of Financial Institutions Alternative Markets, Financial Lines

Head of Financial Institutions Alternative Markets, Financial Lines

AIGAtlanta, GA, United States
5 days ago
Job type
  • Full-time
Job description

Head of Financial Institutions Alternative Markets, Financial Lines

Join us as Head of Financial Institutions Alternative Markets, Financial Lines to play a key leadership role that will drive business growth.

Make you mark in Underwriting

AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. 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

Leader of two or more product lines within a territory and / or two or more territories within a product line for Financial Lines. This position also handles referral decisions for complex risks in the portfolio. This role takes on a strategic component in the development, implementation and evaluation of all underwriting strategies and guidelines within a region, including pricing, marketing, staff, business development, renewals, budget / expenses and new product development.

Responsibilities

  • Manages product line to desired objectives, making decisions in response to market conditions and provides necessary training within their respective zone.
  • Plans, manages, and evaluates work of staff; makes decisions regarding pay, performance management, development, employment, and staffing.
  • Responsible for local decision making while ensuring the consistent execution of strategic initiatives.
  • Handle referrals on difficult and / or unique risks or larger more sophisticated deals within stated authority.
  • Management of relationships between local customers and distribution partners.
  • Collaborates with Zone Executive and Underwriting Managers to develop and execute a local strategic vision.
  • Responsible for driving talent management, including but not limited to : attracting, managing, developing and retaining talent.
  • Facilitate local decision making while ensuring the consistent execution of strategic initiatives.
  • Assesses underwriting skills of underwriters, delegating underwriting authority based on demonstrated skills, and creates a plan to increase underwriting technical capabilities.
  • Drive consistent underwriting best practices and guidelines, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
  • Apply deep knowledge of market and industry to advise others and provide guidance in regards to complex risks, exposures, and decisions.
  • Ensure effective utilization of detailed monitoring standards including quality reviews and self-audits to assess underwriting results and compliance.
  • Execution of division marketing strategy and representing AIG in the marketplace.
  • Ownership of relationships between insureds and distribution partners in the territory.
  • Lead unit to achieve established goals and objectives for penetration, volume and profitability. Collaborate with Underwriting, Claim, Actuarial, Legal, Regulatory and Product Development to maintain the highest standards of product line profitability, marketability and regulatory compliance.
  • Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring / evaluation work; lead by example.

What you’ll need to succeed

  • Ability to exercise good judgment, professionalism and diplomacy in decision making in individual and group interactions.
  • Strong initiative, drive and entrepreneurial spirit.
  • Strategic orientation, managing vision and purpose, developing organizational capability.
  • Talent assessment and development for bench strength and succession planning.
  • Proven collaborative leadership skills.
  • Strong influencing and communications skills and ability to work across multiple areas of company and industries.
  • Change management and team leadership.
  • External thought leadership.

    • Technical Skills and Experience

  • 10+ years of Financial Lines Underwriting, Agency or Brokerage experience.
  • Bachelor’s degree from a four-year college or university.
  • Advanced knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment and risks etc.
  • Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects.
  • Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority.
  • Very strong verbal and written communication skills.
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
  • Knowledge of market segmentation, portfolio management, acquisition and distribution.
  • Experience with budgeting and expense control.
  • Experience managing or leading a team and / or a P&L.

    • 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.

    Ready to step up to new challenges? We would love to hear from you.

    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 candidatecare@aig.com.

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