Underwriter, Warranty

Underwriter, Warranty

At AIG, we are reimagining the way we help customers to manage risk. Join us 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 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.

As an Underwriter you will be responsible for developing and managing appropriate premium rates for a variety of products across industries such as major appliance, consumer electronics, home warranty, portable electronics, and HVAC/R in accordance with Underwriting Authority and Guidelines.

This role's responsibilities include the coordination, analysis and reporting of loss results, developing and implementing pricing proposals or rate adjustments, and business reviews with both internal and external business partners. The Underwriter will also identify program risks, process improvement opportunities and claim trends and work with the functional departments to implement necessary change.

This underwriting role will focus on supporting a variety of tasks and underwriting activities and experience in the HVAC/R, home warranty, or consumer electronics space is strongly desired.

How you will create an impact

• Develop client pricing proposals and work with actuaries where required. Respond to questions, provide data, and ensure data integrity.
• Assume client relationship and consulting responsibility for select key accounts. Accountability for underwriting results and loss ratio associated with assigned accounts.
• Design and implement business processes to eliminate or minimize losses and reduce operational and insurance costs.
• Analyze loss projections and assumptions, and substantiate, with back-up data and research, all findings.
• Utilize data analytics and root cause analysis to identify drivers of premium pricing. Communicate findings to internal and external business partners. Develop and execute action plans as needed to remediate unfavorable performance.
• Maintain highest level of documentation for accounts - original premium development support and decision-making process, operational considerations, and all subsequent pricing adequacy reviews.

What you'll need to succeed

• Analytical propensity with strong attention to detail
• Technical knowledge or experience in the home warranty, consumer electronics, and the heating, ventilation, and air conditioning (HVAC) industry strongly desired
• Excellent verbal and written communication skills
• Disciplined work ethic; embodies a passion for personal excellence and exceeding status quo performance
• Ability to manage multiple priorities
• Excellent organizational skills; ability to take initiative and work independently
• Excellent interpersonal and leadership skills - experience leading and executing cross-functional projects
• Strong PC skills; proficient in Excel, experience in SQL preferred
• Experience working with large data sets to derive key pricing selections, perform data analytics, and create on-going reporting.
• Professional attitude, enthusiastic, and reliable
• Results oriented, able to execute under pressure

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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 candidatecare@aig.com.

Functional Area:

UW - Underwriting

Service Net Warranty, LLC