American International Group

Senior Program Manager

American International Group$100K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of commercial underwriting experience with a focus on multi-line package portfolio management.
  • Strong communication and relationship management skills.
  • Demonstrated proficiency in AIG policy rating and issuance platforms (e.g., Cover-All).
  • Working knowledge of ISO, admitted and non-admitted product execution.
  • Proficient in manuscript and admitted form language, alongside policy coverage analysis.
  • Experienced in data analytics and technology tools.
  • Ability to adapt quickly in a dynamic, changing environment.

Responsibilities

  • Develop and negotiate business plans for each assigned program.
  • Conduct underwriting quality reviews and additional file reviews as necessary.
  • Manage program growth and pricing in rate-adequate jurisdictions.
  • Chair stewardship meetings for assigned programs effectively.
  • Identify and market new products to enhance existing portfolios.
  • Use data and analytics to manage programs towards profitability objectives.
  • Monitor renewals and business trends to ensure business plan achievement.

Benefits

  • Comprehensive benefits package focused on health, wellbeing, and financial security.
  • Investments in professional development for employees.
  • Supportive environment emphasizing in-person collaboration.
Full Job Description

Senior Program Manager reports directly to the (Senior Director). A Senior Program Manager is highly motivated, results oriented problem solver who exemplifies a willingness to be flexible, learn on the job and maintain a 7can do8 attitude.A Senior Program Manager is responsible for the underwriting, marketing & portfolio management of each assigned Program.


As a Senior Program Manager you will be responsible for:

  • Developing and negotiating business plans for each assigned program, including plans for new business, renewal rate management, expected retentions to position the division to achieve profit objectives.
  • Participating in Underwriting Quality Reviews; conduct additional file reviews as needed.
  • Positioning program growth in jurisdictions that are deemed rate adequate and managing to the technically correct price.
  • Coordinating and 1chair 2 Stewardship meetings for assigned Programs.
  • Identifying and marketing new products to round out existing portfolios and incrementally enhance portfolio of products afforded to our clients.
  • Incorporating data and analytics to closely manage all programs and position each to achieve their profitability objectives.
  • Monitoring renewals, rate targets vs. achieved, retentions, trends, lost business, etc. on a monthly basis to assure achievement of business plan and profitability targets.
  • Resolve commission exceptions identified for assigned programs.
  • Understanding each assigned program: the industries and their exposures to loss, updating program 1eligibility 2 and coverages afforded as needed to minimize adverse exposures to unanticipated loss.
  • Actively identify training opportunities at the PA level to enhance their LOB knowledge and successfully guide Program Administrators in their execution on risk selection, pricing, coverage terms and conditions in a manner that is aligned with authorities granted by AIG.
  • Actively understanding and managing the authority delegated by the PA to the underwriters assigned to our program(s).
  • Oversight and monitor PA 1peers review 2 process.
  • Developing a strong working knowledge of AIG operating systems (rating and policy issuance) at the PA level.
  • Understanding, managing and minimizing AAL for each program.
  • Having a working knowledge of data feeds, affirming receipt of data in the required format and frequency.
  • Developing line of business expertise for assigned Program(s).
  • Identifying trends in the program profiles, communicating & implementing appropriate measures by LOB in order to protect the portfolio and AIG from adverse exposures.
  • Demonstrating an understanding of industry changes and potential impact by r LOB through clearly articulated recommendations for actions during the account referral process.
  • Ensuring Program Administrator is meeting AIG 1s underwriting expectations and is aligned with program business plans through the execution and management of their underwriting authority including the participation in file reviews, UQR Audits and Stewardship meetings.
  • Reviewing and approving account referrals that exceed the Program Administrator 1s Authority.
  • Participating in insurance & industry specific association training/meetings to enhance knowledge by class of business to stay current with industry specific market trends as it pertains to assigned Program(s).
  • Collaborating with Actuarial, Accounting, Claims, Operations, Program Development, Risk Management and Underwriting as necessary.
  • Overseeing the implementation of new business programs assigned to you including coordination with Operations, IT and other functional support areas.
  • Maintaining current industry knowledge, market intelligence and competitor analysis through regular communication with assigned Program Administrator(s) and participation in external conferences, trade shows, etc.
  • Working with Product Development to address policy form enhancements, rule and rate changes.
  • Developing & providing superior customer service and maintaining strong working relationships with Program Administrator(s) to sustain portfolio profitability through regular on-site visits, conference calls, etc.

What youll need to succeed

  • 10+ Years of Commercial Underwriting Experience focused on Multi Line Package portfolio management.
  • Ability to manage by influence demonstrating strong communication, relationship management, organizational and analytical skills.
  • Demonstrated proficiency on AIG policy rating/issuance platforms (i.e. Cover-All).
  • Working knowledge of ISO, Admitted and Non Admitted product execution.
  • Proven understanding of manuscript, admitted form language and policy coverage analysis.
  • Demonstrated ability to understand and work with analytical tools, reports and technology.
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude.
  • Highly motivated and results-oriented, proven creative problem solver.
  • Very strong verbal and written communication skills.
  • Travel  30%

Ready to maximize your impact? We would love to hear from you.

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. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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 whats 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 6as well as your professional development 6to bring peace of mind to you and your family.

Functional Area:

UW - Underwriting

Risk Specialists Companies Insurance Agency, Inc.

About American International Group

American International Group provides property insurance, life insurance, and financial services.

American International Group Careers

Join the dynamic team at American International Group (AIG), a leading global insurance organization, and propel your career into a future of opportunities and professional growth. At AIG, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Work You’ll Do

At American International Group, you will collaborate with some of the brightest minds in the industry, dedicated to solving complex challenges and driving transformative solutions in the world of insurance. Our team is at the forefront of developing innovative insurance products that not only meet the needs of our clients worldwide but also anticipate future trends.

Explore Job Opportunities and Internships

Whether you're a seasoned professional looking for your next challenge or a recent graduate eager to start your career, AIG offers a range of job opportunities and internships across various functions. From underwriting and claims to finance and technology, your next position awaits you at AIG. Our internships provide invaluable hands-on experience, helping you to enhance your skills and make meaningful contributions from day one.

Grow and Develop Your Career

AIG believes in the power of continuous learning and offers extensive training and development programs to help you hone your skills and advance your career. Leadership development, diversity training, and innovation workshops are just a few examples of how we invest in our employees' growth and leadership capabilities.

Benefits and Culture

Joining AIG means more than just having a job; it means being part of a team that values diversity and is committed to creating an inclusive environment where everyone can thrive. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. At AIG, you will find a supportive network and a culture that applauds innovation and rewards performance.

Networking and Professional Development

We encourage our employees to build professional relationships both within and outside the company through networking events, professional groups, and career fairs. These opportunities not only enhance your career but also expand your professional network, which is vital in today’s dynamic job market.

Join Our Team

Search open positions that match your skills and interests on our Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the exciting and rewarding career opportunities available at American International Group today.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news by subscribing to our careers blog. Personalize your experience by signing up for job alert emails tailored to your preferences and be the first to know about new openings and exclusive insights from professionals within AIG. At American International Group, your career is just the beginning – it’s a pathway to developing your skills, meeting new challenges, and making a difference in a global company known for its commitment to innovation and excellence. Join us and shape your future with AIG.
Learn more about American International Group
Size
36,600 employees
Market Cap
$46.4 billion
Industry
Net Income
-$5.9 billion
Founded
1919
5 Year Trend
-0.3%
Revenue
$43.7 billion
NASDAQ

Similar Jobs

More Jobs at American International Group

More Finance & Insurance Jobs

Find similar Senior Program Manager jobs: