Policy Wording Specialist - Property

AIG • Jersey City, NJ

9d • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as Wording Specialist to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team and to work with some of the industry’s top talent. Who we are 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, life insurance, retirement solutions, 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 for retirement security. Get to know the business AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

Requirements

• Written and Oral Communication – 3+ years of policy language analysis and drafting experience, preferably in Property, or alternatively, two years of drafting experience and three years of Property underwriting experience; ability to break down difficult concepts in order to provide clear and succinct explanations to underwriters and other stakeholders
• Knowledge – Experience with US Property markets and policy forms; experience and knowledge of both admitted and surplus lines markets a plus
• Flexibility – Proficiency in both working independently and collaborating with others in a team environment across multiple disciplines
• Prioritizing and Time Management – Able to manage time effectively, capable of prioritizing projects and responding promptly in an appropriate manner
• Client Service – Ability to anticipate client (internal and external) needs and act proactively
• Problem Solving – Identify problems and deliver appropriate solutions
• Attention to Detail – Demonstrate attention to detail, and maintain accurate documentation
• Learning Agility – Willingness to continually learn from experiences and new situations
• Forms Management – Experience in building out and maintaining forms libraries a plus
• Microsoft Office – Proficiency in Word, Teams and PowerPoint required, familiarity with Excel preferred
• Education – Degree from a four-year college or university

Nice To Haves

• Knowledge – Experience with US Property markets and policy forms; experience and knowledge of both admitted and surplus lines markets a plus
• Forms Management – Experience in building out and maintaining forms libraries a plus
• Microsoft Office – Proficiency in Word, Teams and PowerPoint required, familiarity with Excel preferred

Responsibilities

• Drive coverage certainty by establishing policy wording guidelines and counseling underwriters on best practices.
• Provide counseling and technical guidance to underwriters on policy language.
• Review competitor forms and make recommendations to the Global Property Wording Manager on acceptability of those forms and required endorsements.
• Draft manuscript endorsements to AIG’s standard policy forms, and create bespoke endorsements for third party policy forms to address client-specific exposures and align with underwriting intent.
• Work with Underwriting, Claims and Legal in drafting new policy forms and endorsements.
• Support the Global Property Wording Manager in maintaining and updating manuscript policy checklists to ensure that policy reviews match AIG’s underwriting intent.
• Develop training to help underwriters better understand the importance of policy wording.
• Contribute to Underwriting Bulletins and other communications to provide underwriters with direction and insight on policy wording and usage.
• Support the development and implementation of the Global Policy Forms Library and Digital Workflow.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees