Business Manager, Reinsurance

The Reinsurance Officer coordinates with the various departments involved in the reinsurance process, including Underwriting, Finance, Actuarial, Claims and others as appropriate to review reinsurance requirements and analyze structure options.

Your contribution at AIG

As a Leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders, making sound decisions using data, analysis, experience, and judgment, along with a risk mindset. Ultimately, you take ownership for key outcomes.

• Collate the data required to prepare the submission package, which is provided to the broker for submission creation, by liaising with the Underwriting, Finance, Actuarial and Claims departments

• Work with the Legal Department to draft and review the reinsurance contract wording in accordance with AIG’s corporate standards.

• Coordinate the availability of documents and reports for claims, underwriting and transactional audits, as well as any other audits performed by external auditors.

• Evaluate and consider treaty reinsurance quotes and indications and negotiate the transaction to support AIG’s business requirements.

• Coordinate and track execution of contract wordings to full completion by AIG’s contract certainty standards, and maintain electronic filing archive.

• Summarize Treaty Terms and Schematics and distribute internally as needed post-placement

• Develop, manage and maintain relationships with reinsurance brokers and reinsurance markets to facilitate placements, execution of contract wording, timely claims payments and gain market intelligence.

• Support compliance by maintaining appropriate documentation

• Understanding Profit Centre business strategy and reinsurance objectives

• Ensure compliance with corporate and regional security policy

• Managing the special exception process when appropriate.

• Coordinate and manage all external reinsurance underwriting audits as well as Manage and/or conduct field audits for compliance

What we are looking for

• At least 5 years of Reinsurance related experience

• ARe and/or CPCU preferred

• Bachelor’s degree or equivalent experience

• Excellent communication skills (both written and verbal)

• Strong presentation development and executive communication skills

• Advanced PowerPoint capabilities with a strong ability to synthesize complex data into concise, impactful presentations

• Proven ability to create and deliver high-quality presentations for senior leadership and C-suite audiences

• Strong negotiation skills

• Strong attention to detail and quantitative skills

• Ability to meet deadlines and prioritize tasks

• Strong interpersonal skills and ability to work with various internal stakeholders, including underwriting, claims, actuarial, finance and IT departments

• Ability to travel as required (10%)

• Strong Microsoft Office skills, including Word and Excel

For positions based in New York and New Jersey, the base salary range is $138,000-$173,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We are proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits

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.  

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