At AIG, we are reimagining the way we help customers to manage risk. Join us as 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 Retail PropertyAIG 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.Reporting to the Head of Retail Property, the Zonal Executive will be primarily responsible to execute the geographic underwriting strategy for Retail Property. The role has a significant external focus and requires planning, communication and execution of broker growth strategies throughout the zone. The Zonal Executive will work closely with the Head of Retail Property and the Retail Property Practice leaders to achieve balanced sustainable growth. In addition, the position is responsible for attracting, managing, and developing a team of highly accomplished, driven colleagues. How you will create an impact
Develop, implement, and execute business strategies to maximize penetration, retention, growth, and profitability within Retail Property.
Ensure alignment between the underwriting platform and Distribution, Claims, Actuarial, Finance and other functions to achieve product and company goals.
Support an underwriting vision that recognizes changing business and competitive environment dynamics, key business drivers, and financial elements to demonstrate the value we bring to our clients and brokers.
Work with Product Head and Practice Leaders to manage established product objectives, make product direction decisions in response to market conditions, and provide product-specific training within and outside the respective Division.
Ensure the required standards of governance, systems and controls, and regulatory compliance are established and maintained.
Drive underwriting excellence across the business by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.
Oversee less experienced managers and team leads including developing talent acquisition strategy to ensure the best talent is in place to underwrite the products offered within division.
Plan, manage, and evaluate performance of staff, as well as collaborate regarding pay, performance management, employment, and staffing dedicated to the product line.
In collaboration with HR, develop tools and strategies to attract and retain top industry talent and develop high performing teams.
Establish strong relationships with regional leadership; create mutual understanding of overall parameters and goals to drive effective execution of business model.
Interact with all levels of Insurance community.
Drive a culture that promotes collaboration, diversity, and inclusion.
What you’ll need to succeed
Proven collaborative, strategic leadership skills in developing vision and purpose, driving for results and leading effective teams.
Demonstrated excellent marketing, influencing, negotiating and communication skills.
Proven insurance business development background.
Talent assessment and development for bench strength and succession planning.
Strong influencing and communications skills and ability to work across multiple areas of company and industries.
Change management and team leadership. Internal and external thought leadership.
Minimum 10 years of insurance leadership experience, oversight over multiple products and geographies, as well as staff management experience.
Minimum 15 years of Commercial Insurance Company, Agency, or Brokerage experience.
Proven strategic leadership skills in developing vision and purpose, driving for results, and leading effective teams.
Knowledge of market segmentation, portfolio management, acquisition and distribution.
Understand regulatory and compliance processes.
Must be able to Forecast and budget accurately.
Broad insurance industry experience.
Established strong relationships with customers and intermediaries.
Skilled leader of change; versatile, client focused, results oriented.
Demonstrated business savvy, analytical, and quantitative skills.
Strong problem solving and conflict resolution skills.
For positions based in New York City, the base salary range is $260,000-$310,000 and the position is eligible 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: Benefits Overview (https://sprcdn-assets.sprinklr.com/248/723ffa1b-01a8-4f89-b8aa-7469d8e62d81-213797826/2023-benefits-overview-for-cor.pdf) .Enjoy benefits that take care of what mattersAt 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 worldAmerican 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 belongingWe’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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 [email protected] . Functional Area:UW - UnderwritingEstimated Travel Percentage (%): Up to 25%Relocation Provided: NoRisk Specialists Companies Insurance Agency, Inc.