Legal Bill Analyst at AIG

Makati, Metro Manila, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Law degree (JD or LL.B)
Computer literate and proficient user of MS Office Suite and other applications
Basic knowledge of using Internet, Web Browser, Search Engine etc
Good interpersonal and excellent communication skills (both written and verbal)
Tenacity to follow-through on open items to complete assignments and meet deadlines
Strong analytical, problem-solving and organizational skills with ability to prioritize and multi-task in a fast-paced/time-sensitive environment
Any experience in the BPO, financial-services, and/or insurance industry is a plus
Must be willing to work on mid-shift / flexible schedules
High attention to detail
Ability to work independently and with minimum supervision
Self-motivated and ability to take initiative
Works effectively within a teamwork environment to accomplish goals, takes action that respects the needs of others & those of the organization
Plans, prioritizes and schedules own work to ensure timely completion

Responsibilities

Review bills submitted by law firms for reasonableness and compliance with Litigation Management Guidelines to ensure AIG pays only for charges that are reasonable and appropriate
Adjust, approve and reject invoices in the system as appropriate and make recommendations to the adjusters for approval of invoices to be paid
Process all approved invoices for payment in the system
Communicate adjustments and payment appropriately to the law firm or vendor
Maintain a daily spreadsheet reflecting the amounts submitted by the law firm, adjustments made, payment details and any exceptions noted
Contribute data used to generate key performance metric reports identifying trends to be communicated to law firms, vendors, and legal audit teams or claim professionals
Review internal claim systems for claim details, communicate with claim professionals to determine prior authorization or exception approval, and research terminology on the internet
Make decisions on whether or not to approve and pay an invoice and/or adjust amount to be paid accordingly
Perform tasks with sound judgment and discretion and make critical decisions independently and judiciously
Ensure completion of tasks and assignments in a high-volume work environment
Ensure that invoices are reviewed and paid in accordance with all applicable guidelines
Ensure that assigned targets are met in accordance with SLA
Ensure that the quality of work is in compliance with predefined parameters
Ensure adherence to established attendance schedules

Skills

Excel

Invoice Processing

Litigation Management

Claims Review

Vendor Communication

Compliance Review

Data Analysis

Performance Reporting

Spreadsheet Management

Bill Auditing

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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