Product Line Officer, Casualty, AIG Programs and Glatfelter

AIG • Parsippany, NJ

3d • $130,000 - $190,000 • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Product Line Officer, Commercial Insurance to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Glatfelter Insurance Group is an all lines, full-service insurance broker that markets property, casualty, life, accident and health insurance products and risk management services on both a retail and wholesale / specialty basis throughout the country. Glatfelter Insurance Group offers specialty programs for emergency service organizations, home healthcare agencies, senior living organizations, religious organizations, car wash businesses, municipalities, K-12 public and private schools, independent school bus contractors and water-related entities. American International Group, Inc. completed its acquisition of Glatfelter Insurance Group in November 2018. As part of AIG, Glatfelter brings a high-quality specialty programs business, a demonstrated track record of strong underwriting results and proprietary program management technology that is expected to accelerate the strategic positioning of AIG’s General Insurance business.

Requirements

• Casualty underwriting/underwriting management experience.
• Strong understanding of Admitted/Non-Admitted business requirements.
• Supervisory experience.
• Ability to travel 20%

Nice To Haves

• Programs experience preferred.
• Knowledge of ISOnet; existing relationships with ISO preferred

Responsibilities

• Actively manages the following commercial insurance product lines: General Liability (including Farm); Automobile (including trucking); Garage; Directors and Officers; Employment Practices Liability; Professional Liability; Umbrella.
• Portfolio analysis and management; develops and implements strategies to maximize penetration of a single insurance product line, compliance with filings in terms of products, loss costs; technical price adequacy.
• Technical expert approving all PA Underwriting Authorities, proprietary and manuscript form requests (which may include providing suggested wording), as well as form approval management on admitted business.
• Serves as the technical expert for referrals and exercises authority with regards to underwriting issues, underwriting guidelines (Qwiknotes) for the product line managed.
• Provides technical support to PM's, PLM’s and Product Development team on new and existing business portfolios.
• Manages product line objectives to annual goals, makes decision in response to market conditions and provides product specific training. This position is accountable for overall performance of the product line.
• Evaluates work of staff, as well as make recommendations regarding pay, performance management to other staff dedicated to the product line.
• Role expanding to include quarterly reporting on results (month of; and YTD) by line in terms of premium, renewal retention, aggregate rate achieved vs. needed; new large losses; adverse loss development; profit improvement strategies; manage adverse trends; ISO loss cost management tactics; product management update.
• Manages large claims, including internal inquiries to new losses, coordinating the division response to AIG senior claims team.
• Coverall NexGen Transition – liaison for their respective product lines.
• Provide technical support to Program Managers
• Reinforce natural catastrophe risk management initiative:
• Verify compliance with newly released guidelines
• Suggest additional topics or actions that will further insulate GIG from an outsized loss
• Create new tools and strategies to manage risk aggregations and AAL’s at a program and risk type level.
• Act as a product line expert on existing business, inclusive of identifying actions to further de-risk the portfolio
• Provide guidance on form and coverage revisions during triennial program reviews
• Provide insight on forms options currently available at AIG
• Suggest new coverage options to further enhance existing product offerings
• Provide insight on rating options currently in use at AIG
• Establish enhanced underwriting best practices and guidelines across all programs, inclusive of working with CUO

Benefits

• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed