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Vice President, Financial Institutions Claims

Company

AIG

Address , New York, Ny
Employment type FULL_TIME
Salary $155,000 - $194,000 a year
Expires 2023-07-22
Posted at 11 months ago
Job Description
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.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
Our Claims professionals support AIG policyholders through some of the most trying times. When our clients face losses large and small, we step up to help them ease the financial burdens of catastrophic events like fires and hurricanes; we help them get their businesses back up and running again or recoup the value of a lost family heirloom or a prized possession. Our Claims team is an industry leader, drawing daily on its unparalleled levels of expertise to offer our clients the highest levels of stewardship to drive total cost of claim improvement and consistent outcomes. AIG manages claims using a wealth of technical and market knowledge about risks, business practices, and the ever-evolving legal and regulatory environment.
About the role
What you need to know:
  • Manage a claims team handling transactional risk, E&O, D&O, EPL, and fiduciary claims against financial institutions.
  • Analyze claims trends and statistics to assist the business in proactively managing risks and exposures.
  • Make presentations to senior management on high severity or complex matters and trends.
  • Train and develop claims adjusters in all areas of claims handling, including investigation, coverage, litigation management, evaluation, reserving and negotiation.
  • Work closely with Underwriting counterparts in risk analysis and account meetings.
  • Keep abreast of litigation trends and regulatory updates effecting professional liability.
  • Assure compliance with Best Practices and departmental policies and procedures.
What we’re looking for:
  • Proficient in Microsoft Office
  • Ability to lead a claims team in a fast-paced environment.
  • 10+ years of professional lines insurance claims experience.
  • Strong organization and time management skills with an ability to prioritize and meet all deadlines.
  • Excellent verbal and written presentation skills.
  • Individual must have good written and verbal communication skills, strong analytical abilities and effective interpersonal and organizational skills.
  • Management experience preferred.
  • Ability to be able to efficiently and effectively manage team assigned caseloads.
  • A successful candidate will be a team player who can proactively identify trends and risks to assist management and underwriting in evaluating accounts and developing policy language.
For positions based in New York City, the base salary range is $155,000-$194,000 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
.
#LI-AIG
A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit:
https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
CL - Claims
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG Claims, Inc.