Senior Program Manager

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Program Manager to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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.

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 "can do" attitude. A Senior Program Manager is responsible for the underwriting, marketing & portfolio management of each assigned Program.

• 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 chair 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 ‘eligibility’ 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 ‘peers review’ 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’s 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’s 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…