Underwriting Quality Manager

About the role

The Underwriting Quality Manager for Commercial Casualty and Programs at AIG plays a crucial role in ensuring adherence to the AIG Underwriting Control Framework. This individual is responsible for reviewing underwriting quality, pricing compliance, portfolio management utilization, and management controls. They provide senior management with commentary on underwriting strategies, go-forward plans, and financial health of the entity being reviewed. Additionally, they support the Global Product team on project initiatives and conduct annual audits across all legal entities.

Responsibilities

• Determine adherence to AIG Underwriting Control Framework
• Review underwriting quality, pricing compliance, portfolio management utilization, and management controls
• Provide senior management with commentary on underwriting strategies, go-forward plans, and financial health
• Support the Global Product team on project initiatives
• Conduct annual audits across all legal entities
• Undertake pre-audit work, use audit tools, discuss grade and findings in wrap-up meetings
• Review critical findings and recommendations with Audited Entity, Country, Regional, and Global Product teams
• Prepare reports and vet action plans

Requirements

• 5+ years industry experience with a P&C carrier of significant market size
• Management positions in underwriting with P&L responsibility is strongly preferable
• Audit or Actuarial experience a strong plus
• 5+ years’ experience with a P&C carrier within the Product organization
• Proven experience in underwriting a full range of products, placing facultative reinsurance, effective demonstration of management controls and utilization of portfolio management tools, and working with diverse distribution channels
• Working experience in multiple regions/countries is a strong plus
• Ability to provide direction and convey strategy of Global Home Office, Underwriting Audit, and Underwriting Governance to Regional and Country staff
• Excellent knowledge of product line underwriting guidelines, risk appetite, tools, processes, management controls, and pricing methodologies, including the ability to train this knowledge to others
• Working knowledge of regulator requirements
• Working knowledge of the actuarial function (e.g., reserving, DAC accounting, development of experience and statistical rating – aka rate reviews) and the business analytics area

Qualifications

• Education: Bachelor's degree in Business Administration, Finance, Actuarial Science, or related field
• Professional Certifications: CFA, CPA, or similar certifications preferred

Skills

• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Proficiency in Microsoft Office Suite
• Experience with audit tools and software
• Knowledge of regulatory requirements and actuarial principles

Benefits

At AIG, we offer a comprehensive benefits package that includes:

• Competitive base salary ranging from $96,000 to $113,000 in New Jersey and $104,000 to $114,000 in Chicago
• Annual bonus eligibility based on performance
• Health, wellness, and financial security benefits
• Continuous learning and development opportunities
• Cultural awareness activities and Employee Resource Groups (ERGs)

Pay

Base salary ranges from $96,000 to $113,000 in New Jersey and $104,000 to $114,000 in Chicago.

Schedule

AIG operates with a hybrid schedule, encouraging in-person collaboration while offering remote work options.