Associate General Counsel

AIG • Parsippany, NJ

1d • Onsite

About The Position

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide financial security. Make your mark in Global Legal, Compliance and Regulatory Our Global Legal, Compliance and Regulatory (GLCR) team provides first class advice to colleagues and functions across the organization – ensuring AIG navigates an ever-changing landscape that spans state, federal, and international lines. The team has a multi-dimensional impact, from helping avoid legal exposure to collaborating with other functions to develop cutting-edge new products. We are seeking an experienced attorney to join the Reinsurance Legal Team within General Insurance (GI) at AIG. The team is comprised of attorneys and other professionals providing high quality advisory, transactional and regulatory support across GI on ceded and assumed reinsurance-related matters globally. This role will support projects that are time-sensitive, highly visible inside and outside of the company, and key to AIG’s strategic initiatives. This position reports to the Deputy General Counsel for Reinsurance. 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 and competing priorities. Ultimately, you take ownership for key outcomes. The successful candidate will have the opportunity to work on a wide variety of matters and interact directly with senior business leaders within AIG.

Requirements

• Juris Doctor required; U.S. state bar admission.
• Minimum of 6+ years of legal experience with a law firm and/or in-house counsel.
• Ability to manage multiple projects and assignments in a fast paced environment.
• Ability to work collaboratively with peers and internal clients across a global organization as well as independently.

Nice To Haves

• Experience with (re)insurance matters and (re)insurance-related corporate transactions preferred.

Responsibilities

• Negotiating the legal aspects of GI’s ceded reinsurance treaty programs globally across all property and casualty business lines.
• Advising on reinsurance-related aspects of strategic transactions at AIG, including M&A, capital markets and insurance-linked securities (ILS) matters.
• Advising multiple business units on ceded and assumed facultative reinsurance transactions.
• Analyzing the contractual aspects of internal reinsurance arrangements within AIG.
• Working with AIG’s Multinational business, operational and legal teams to structure and implement the reinsurance aspects of complex multinational programs around the world.
• Drafting and negotiating reinsurance and collateral documentation to implement captive reinsurance programs globally.
• Working closely with AIG attorneys around the world to address legal, regulatory and compliance issues of all types related to reinsurance matters.
• Overseeing and managing reinsurance disputes and claims issues.

Benefits

• At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. 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, the “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.
• We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees 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
• For positions based in New York and Connecticut, the base salary range is $170,000-210,000. For positions based in New Jersey and Boston the base salary range is $161,500-199,500. For positions based Chicago, the base salary range is $153,500-$189,500. 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree