Product Analyst - Accident & Health - American International Group

Product Analyst

Join us as a Product Analyst to make more of your specialist expertise and experience.

Make your mark in General Insurance

General Insurance is a leading provider of insurance products and services – focused on helping to manage risk for commercial and personal customers. We offer a broad range of products through a diversified, multi-channel distribution network, including one of the world’s most far-reaching property casualty networks.

The role will work closely with Underwriting, Sales Directors, Claims and Operations, Finance, Legal, Risk and Compliance to help achieve strategic initiatives, which will assure the long-term growth of profits for Accident and Health.

The primary function for the Product Drafting Analyst role is to prepare and design new and enhanced product forms for the US Accident & Health team.  The role requires close collaboration with key partners in the following business functions – Underwriting, Distribution, Actuarial, Legal, Claims and Marketing to ensure the success of the strategic goals of US A&H are met from a product perspective.

How you will create an impact

• Draft language for generic and state specific product policy forms for assigned projects for filing with state DOI’s based on company standards and all relevant legal and regulatory requirements, including necessary forms to facilitate approval/sign-off from management and relevant business teams. 
• Review proposed insurance policies, endorsements, rate and rules and assist business units on filing strategies, pre-filing research and areas of deficiency.
• Develop policy wording for new coverages that accurately defines the intent whether for a completely brand-new policy form or an amendment that adds new coverage to an existing form.
• Form types developed: policy, certificate, riders & endorsements, filing letters explaining product scope/covered groups/product variations, Explanation of Variables, and Issue Pages.
• Develops policy forms for “single case filings” as needed and in accordance with state statutes and regulations based on information provided by product, underwriting, actuarial, legal and compliance.

• Partner with state filing department, legal, compliance, product, underwriting, and actuaries to obtain responses to comments and/or objections from state insurance examiners.
• Reviews objections and statutory references and develops responses to objections or comments from state insurance departments in accordance with state statutes and regulations and in a professional tone.
• Provide expertise in analyzing proposed product change requests to current or previous filings, defining possible options to support the requested changes and clearly identifying the impact.
• Provide product support to others, including Underwriting, Marketing and training teams as it relates to policy forms.

• Monitor and track filing statuses to ensure established metrics are met and all necessary stakeholders are kept up to date regarding form development progress and activity.
• Review marketing material for product content to ensure compliance with A&H adverting regulations and clarity of product offering for the consumer.
• Provide ad hoc guidance to the Canadian team to assist with product development and implementation of best practices for process and form language.

What you'll need to succeed

• University degree or higher and/or Experience in Accident and Health business.
• Strong customer service ethic, with a sound understanding of the business processes.
• Excellent planning and negotiation skills.
• Self-motivated and able to set strategic direction.
• Able to work in a team to lead and contribute so that AIG meets its strategic goals.
• Natural relationship builder with integrity, reliability, and maturity
• Critical thinking and problem-solving skills
• Keep attention to detail and adherence to deadlines
• Ability to prioritize among competing tasks
• Self-motivated and able to thrive in a result driving environment
• Excellent verbal and written communication skills to communicate product ideas to clients
• Advanced motivational and negotiation skills
• Strong organizational skills

For positions based in Jersey City, NJ the base salary range is $70,000 - $88,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG 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.  

AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB%20POSTER%20FINAL_3-9-16.pdf

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