Deputy Head of D&O Product, Financial Lines

Job description

Deputy Head of D&O Product, Financial Lines

Join us as the Deputy Head of D&O Product to step into a collaborative role where you will engage with AIG's industry leading underwriting, claims, and legal teams.

This role will be responsible for working alongside the Head of D&O Product and the larger AIG product team in the development and dissemination of education, thought leadership, policy forms and enhancements for the North American D&O portfolio.

How you will create an impact

• Partner to create D&O trainings and presentations to enhance knowledge of the product, both internally and externally, across business units and regions in Financial Lines.
• Research novel issues regarding coverage, sources of liability and claims trends and assist in presenting findings to internal and external stakeholders.
• Coordinate with claims to identify trends and ensure realization of the D&O product as expected.
• Provide guidance and facilitate dissemination of knowledge regarding common coverage issues and solutions.
• Research and prepare thought leadership papers on claims trends and product offerings.
• Develop broker specific endorsement suites for the D&O Statement, Side A Statement as well as other D&O and Side A policy forms.
• Coordinate coverage enhancements provided for private non-profit and FI panels, and create and maintain an organized system to provide enhancements going forward.
• Assist in the creation of a new D&O coverage section for a new policy forms for use on private non-profit D&O accounts, including commercial and FI accounts.
• Maintain and update endorsement express tool to ensure appropriate use and lifespan of endorsements.
  
   
• Create and Track engagement of D&O public company securities panel counsel and private non-profit D&O panel counsel (both duty and non-duty to defend panels).
• Collaborate with legal and regulatory teams, including state filings, to create D&O and Side A rating plans, as well as maintenance filing of endorsements and policy forms.
• Develop strategy with operations team to promote efficient use of all broker specific endorsement suites.
• Drive consistency of underwriting best practices and guidelines regarding coverage enhancements, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Work collaboratively with all Financial Lines Business Heads, Zonal Executives, the Chief Underwriting Office and Actuarial, Legal and Claims departments.
• Foster a culture that promotes collaboration, innovation, diversity, equity and inclusion.

What you’ll need to succeed

• 5+ years Underwriting, Brokerage, Claims, Legal or Contractual experience in areas of project management, business analysis, etc.
• Strong written & verbal communication skills, including presentation and training facilitation.
• Ability to identify issues, collaborate to solve problems, learn rapidly, exercise influence, and manage and prioritize multiple concurrent projects.
• Ability to collaborate with others to effect change where appropriate.
• Commercial mindset with a proven understanding of how to be effective and productive within a matrixed structure.
• Collegial and collaborative in approach and style.
• Technical expertise in Management Liability Products, preferred.
• Knowledge of the D&O product, including features, forms, regulatory environment, and risks, preferred.

At AIG, we value in-person collaboration as a vital part of our culture, which is why team members come together in the office four days per week.  This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.  This role can be based out of any of our US based offices.

For positions based in New York City or San Francisco, the base salary range is $105,000 - $148,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here:

For positions based in Jersey City, Denver, or Los Angeles, the base salary range is $99,000 - $143,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here:

#LI-ME1

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 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.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc.

(AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks.

It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers.

At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential.

We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals.

We foster a culture of inclusion and belonging through inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs).

With global chapters, ERGs are a cornerstone for our culture of inclusion.

The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

We consider qualified applicants with criminal histories, consistent with applicable law.

UW - Underwriting

Risk Specialists Companies Insurance Agency, Inc.

Required Skill Profession

Financial Specialists