Full-Time

Product Development Analyst

Confirmed live in the last 24 hours

American International Group

American International Group

10,001+ employees

Global insurance provider for individuals and businesses

Compensation Overview

$70k - $103k/yr

+ Bonus

Mid, Senior

Philadelphia, PA, USA + 2 more

More locations: Lenexa, KS, USA | New York, NY, USA

Positions based in Jersey City, NJ have a base salary range of $76,000-$103,000. Positions based in NYC have a base salary range of $70,000-$95,000.

Category
Product Management
Product
Requirements
  • 5+ years of relevant experience in insurance industry.
  • Experience in Commercial Lines property/casualty insurance products.
  • Working knowledge of ISO Commercial Lines and AAIS products, package policy structure, and Programs business.
  • Bachelor’s degree and insurance designations (CPCU, AU, ARM, etc.) preferred, will consider applicable insurance experience in lieu of degree.
  • Proficiency in Microsoft Office applications – Word, Excel, PowerPoint, etc.
  • Proficiency in SharePoint.
  • Strong research skills, including use of AM Best State Filings, RateFilings.com, SERFF, etc.
  • Effective oral and written communication skills.
  • Excellent organizational and project management skills.
Responsibilities
  • Support Product Development Managers on various product and filings related tasks.
  • Serve as a liaison between the Programs team, and between the Programs staff, the State Filings Department, and the Program Administrator.
  • Handle administrative and technical aspects of the product development and state filings processes. Format policy forms/endorsements, assign form numbers/edition dates, etc. Perform simple forms drafting such as State amendatory endorsements. Assist with the development of form/rate/rule manuals.
  • Provide filings preparation support filing including completion of related transmission documentation (request forms, transmittals, checklists, forms lists, explanatory memoranda, etc.).
  • Perform product and related compliance maintenance (including update of UM/UIM Status Sheets & IRPM/Schedule Mod Workbooks as an example, reviewing and intake of bureau circulars, review, intake and implementation of corporate changes, and drafting and implementation of regulatory/bureau form changes).
  • Provide support for the manuscript endorsement request/development process.
  • Update and maintain product library, forms lists, product form/rate/rule manuals, product repositories including the Global Forms Library, status sheets, etc.
  • Track progress of filing approvals and respond to requests for filing status and copies of forms and/or filings.
  • Support requests for competitive analysis, and product and filing research for Program Managers, Product Line Officers, Actuarial, Systems and other Stakeholders.
  • Resolve product and filings discrepancies.
  • Upload completed filings to AIG Programs external website and internal SharePoint repository.
  • Assist with systems implementation of products.
  • Assist with product inquiries on Market Conduct Exams.
  • Align with Product Development staff members to further expertise in insurance product development and filing processes.
  • Additional ad-hoc requests and handling of special projects as requested by VP of Product Development.
Desired Qualifications
  • Bachelor’s degree and insurance designations (CPCU, AU, ARM, etc.) preferred, will consider applicable insurance experience in lieu of degree.
American International Group

American International Group

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AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which cater to the diverse needs of their clients. AIG operates by underwriting insurance policies, managing risk, and investing the premiums collected to generate income. This company stands out from its competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information secure. AIG's goal is to help clients manage risk, protect their assets, and achieve financial security, with a particular focus on retirement planning through its subsidiary, Corebridge Financial.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1919

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven underwriting reduces costs and improves AIG's operational efficiency.
  • Growing demand for cybersecurity insurance presents new product opportunities for AIG.
  • AIG's expansion in Atlanta enhances regional service capabilities and talent access.

What critics are saying

  • Tech-driven startups could erode AIG's market share with innovative solutions.
  • Climate change-related disasters may increase AIG's claims costs and impact profitability.
  • Digital transformation requires significant investment, potentially straining AIG's resources.

What makes American International Group unique

  • AIG's partnership with Blackstone for Syndicate 2478 offers new capital opportunities.
  • Corebridge Financial's focus on retirement planning diversifies AIG's service offerings.
  • AIG's emphasis on cybersecurity ensures client data protection and trust.

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Benefits

Health Insurance

Paid Sick Leave

Paid Vacation

Tuition Reimbursement

Flexible Work Hours

Company News

Coverage
Jan 28th, 2025
Aig Announces Expanded Global Leadership Role For Jon Hancock

AIG <i class="fa fa-info-circle company-popover" data-content="h3AIG/h3. div. table

Coverage
Jan 9th, 2025
Aig Appoints Christopher Flatt Global Chief Underwriting Officer

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Coverage
Jan 1st, 2025
Aig Completes Sale Of Travel Guard Business To Zurich

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Coverage
Jan 1st, 2025
Aig Launches Syndicate 2478 At Lloyd’S In Partnership With Blackstone

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Intelligence360
Nov 19th, 2024
Aig To Expand Into 180,000 Square Feet Of Space In Atlanta Georgia.

Atlanta, Georgia — According to state and local development sources, AIG plans to build out 180,000 square feet of new space in Atlanta. The company plans to occupy the new space at 3500 Lenox Rd NE in Atlanta, on or about April 1, 2026. According to the company website American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance