Global CUO – Fronting, Multinational and Credit Lines at AIG

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Expertise in underwriting strategies for Fronting, Multinational, and Trade Credit
Ability to lead global underwriting oversight and enhance technical/analytical capabilities
Experience in portfolio positioning for profitability, risk appetite, controls, guidelines, and authorities
Knowledge of policy wording, learning/development frameworks for underwriters
Strong collaboration skills with business units, AIG stakeholders, product leadership, regional leaders, Legal, Claims, Actuarial, Regulatory, ERM, and support functions (e.g., Operations, Audit, COE, Modeling)
Capability to develop and implement global standards for Fronting in General Insurance (Multinational, NA Fronting, Group Captives, AIGRM)
Proficiency in driving business strategy, portfolio construction/optimization, capital use, monitoring, quality reviews, and KPIs
Experience in authority frameworks, training curricula, rating/pricing adequacy, and risk analytics
Leadership in promoting underwriting excellence, innovation, and market-leading solutions

Responsibilities

Lead underwriting strategies for Fronting, Multinational, and Trade Credit globally
Develop and implement consistency/standards for Fronting (including Multinational, NA Fronting, Group Captives, AIGRM)
Oversee fronting/multinational value proposition for seamless global master programs
Drive CUO vision/value proposition adapting to business, competitive, technological, and financial dynamics
Collaboratively develop business strategy with leaders for profitable long-term leadership
Establish underwriting strategies, portfolio optimization, monitoring, controls, guidelines, authority management, and quality reviews
Act as product liaison to/from AIG’s Multinational Division and support its leadership
Develop/deploy authority framework for leaders in AIG North America and International
Ensure adherence to risk appetite, capacity, standards, guidelines, rating/pricing adequacy
Create authority allocation framework for underwriters and aligned training curriculum
Collaborate with support functions (Product Office, Operations, Audit, COE, Modeling, Engineering, Nat Cat, Actuarial, Claims, Regulatory, Legal)
Build relationships with Product leadership, regional leaders, and functions for effective execution
Implement KPIs and monitor adherence to standards across Fronting deals
Develop, position, market, and deliver innovative solutions to clients
Leverage competitive strengths and drive culture of collaboration/diversity

Skills

Underwriting

Fronting

Multinational Programs

Trade Credit

Risk Analytics

Portfolio Optimization

Business Strategy

General Insurance

Group Captives

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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