American International Group

Underwriting Lead, Retail Property

American International Group
Chicago, IL, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a seasoned underwriting professional with a passion for the retail property industry? Look no further, because American International Group is seeking a driven and experienced Underwriting Lead to join our team. As the Underwriting Lead, you will play a critical role in managing the underwriting process for our retail property business, ensuring profitability and growth while maintaining strong relationships with our clients. We are looking for an individual with strong leadership skills, a deep understanding of the retail property market, and a proven track record of success in underwriting. If you are ready to take your career to the next level with a global leader in the insurance industry, we encourage you to apply for this exciting opportunity.

  1. Lead and manage the underwriting process for our retail property business, ensuring efficiency, accuracy, and profitability.
  2. Develop and implement underwriting strategies and guidelines to support business goals and objectives.
  3. Stay updated on market trends and changes in the retail property industry to make informed underwriting decisions.
  4. Evaluate and analyze risk factors to determine appropriate pricing and coverage for clients.
  5. Review and approve underwriting decisions made by team members to ensure adherence to company standards.
  6. Foster and maintain strong relationships with clients, brokers, and other stakeholders to drive business growth.
  7. Train and mentor junior underwriters to develop their skills and knowledge.
  8. Collaborate with other departments, such as claims and sales, to provide comprehensive solutions for clients.
  9. Conduct regular portfolio reviews and make recommendations for improvements or adjustments as needed.
  10. Maintain compliance with company policies, procedures, and regulatory requirements.
  11. Participate in industry events and networking opportunities to represent the company and stay updated on industry developments.
  12. Conduct performance evaluations and provide feedback to team members to drive individual and team growth.
  13. Collaborate with senior management to develop and implement strategic plans for the retail property business.
  14. Act as a subject matter expert on retail property underwriting and provide guidance and support to team members as needed.
  15. Continuously seek opportunities for process improvement and drive innovation within the underwriting department.
Where is this job?
This job is located at Chicago, IL, USA
Job Qualifications

  • Extensive Experience In Retail Property Underwriting: The Ideal Candidate Should Possess At Least 8-10 Years Of Experience In Underwriting Retail Property Risks, Preferably With A Focus On Middle Market Accounts.

  • Strong Analytical Skills: The Underwriting Lead Should Have A Strong Analytical Mindset With The Ability To Evaluate Complex Risk Factors And Make Sound Underwriting Decisions. They Should Be Able To Analyze Financial Statements, Loss Trends, And Other Relevant Data To Accurately Assess Risk.

  • Knowledge Of Industry Regulations: A Deep Understanding Of Regulatory Requirements Related To The Retail Property Insurance Market Is Essential For This Role. The Candidate Should Have Knowledge Of State-Specific Insurance Laws And Regulations, As Well As Industry Standards And Best Practices.

  • Leadership And Team Management Skills: As A Lead Underwriter, This Role Requires Strong Leadership Skills And The Ability To Manage And Mentor A Team Of Underwriters. The Candidate Should Have Experience In Training, Coaching, And Developing Team Members To Achieve Their Full Potential.

  • Excellent Communication And Negotiation Skills: Strong Communication And Interpersonal Skills Are Crucial For An Underwriting Lead, As They Will Need To Effectively Communicate With Brokers, Agents, And Other Stakeholders. The Candidate Should Also Have Strong Negotiation Skills To Ensure Profitable Outcomes For The Company.

Required Skills

  • Risk Management

  • Financial Analysis

  • Contract Negotiation

  • Policy Analysis

  • Property valuation

  • Team Leadership

  • Sales management

  • Risk assessment

  • Claims

  • Client Relations

  • Market trends

  • Underwriting Strategy

Soft Skills

  • Communication

  • Conflict Resolution

  • Leadership

  • Time management

  • creativity

  • Teamwork

  • Active Listening

  • Adaptability

  • Problem-Solving

  • Empathy

Compensation

According to JobzMall, the average salary range for a Underwriting Lead, Retail Property in Chicago, IL, USA is $82,000 - $120,000 per year. This can vary depending on factors such as the specific company, level of experience, and education.

Additional Information
American International Group is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedMarch 18th, 2024
Apply BeforeNovember 16th, 2025
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About American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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