Senior Insurance Risk Manager - American International Group

Who we are:

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

About the Role

The Corporate Insurance team at AIG is responsible for managing insurance needs of the company and its various businesses. The team delivers advice and consultation on specific insurance programs, evaluation of risk with mapping to insurance and claims management.

We’re seeking an experienced Risk Manager with broad knowledge across the corporate insurance portfolio, including a specific focus on Property & Casualty insurances. This role works closely with AIG’s business units internally, and externally with brokers, vendors and nonaffiliated insurance companies to transfer the risk of loss by purchasing insurance with an objective to maintain expenses, and in line with the Company’s risk appetite.

This is a unique role withing Global P&C Carrier as it brings a high level of visibility internally. This individual must be comfortable liaising with and securing input from leaders on a regular basis, as well as comfortable consulting in review of coverage and renewals each year.

This role reports to the Global Head of Corporate Insurance.

Key Accountabilities and Responsibilities

•                Analyze and assess the impact of risks of loss arising out of AIG’s business operations

•                Stay abreast of Company’s business and operational changes impacting the insurance risk

•                Evaluate, select and develop appropriate risk control and risk finance techniques to minimize pure loss impact

•                Direct, coordinate, and negotiate insurance placements for AIG, subsidiaries and affiliates as assigned.  Review invoices, binders and policies for accuracy. Expected to lead certain insurance programs with support from other members of the team

•                Deliver presentations for internal and external audiences on AIG’s corporate insurance programs, operations and risk management programs

•                Review AIG service provider/vendor, special events and real estate contracts to assess the operational risks and advise on the appropriate amount and type of insurance recommended

•                Provide insurance guidance  in line with indemnity and hold harmless sections or the contract

•                Review COI and/or policies if needed to assist Company’s business unit. 

•                Communicate and manage a smooth insurance transition to AIG’s corporate insurance programs on mergers and acquisitions and off AIG’s corporate programs on divestitures

•                Annually assess controls in place for managing risks arising out of Corporate Insurance department’s operations and processes

•                Uphold and adhere to AIG, Inc.’s corporate policies.  This includes but is not limited to Records, Information and Management Policy with standards, Insurance Purchasing Policy with standards, and Auto Vehicle Use Policy

•                 Additional areas of focus including divestiture support & providing guidance on contracts, leases and vendor reviews;

Qualifications and Experience

•      Bachelor’s Degree in Risk Management, Finance, or related quantitative field of study

•      7+ years of relevant professional work experience  (Risk Management, Broker or Insurance Co.)

•      Comprehensive working knowledge of insurance coverage in property & casualty lines including insurance related concepts, processes, and regulations

•      Demonstrated technical experience in corporate insurance risk management

•      Excellent planning, organization, time management, prioritization and multitasking skills to accomplish deliverables on a timely basis

•      Effective team player with proven track record of collaboration and coordination with other business areas

•      Ability to develop, cultivate, and maintain excellent relationships within, and external to, the Company

For positions based in New York, the base salary range is $112,800-$141,000 and the position is eligible for a bonus [OR commission] 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:2024 Benefits Overview.

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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 belonging

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 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 candidatecare@aig.com.  

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Employee Services, Inc.