Marine Cargo Claims Analyst at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Marine InsuranceIndustries

Requirements

3 years’ work experience in Ocean Cargo claims is preferable
Technically sound and highly knowledgeable in Ocean Cargo claims, 1st party and Forwarder Liability
Possess policy language skills for accurate and consistent policy wording interpretation
Have thorough knowledge of legal, regulatory and procedural requirements
Ability to communicate information clearly and concisely both orally and in writing
Must be detailed oriented, have problem solving skills, be self-motivated, proactive, and have forward thinking skills
Strong interpersonal skills, effective time management and organizational skills
Proficient computer skills

Responsibilities

Manage key claim inquiries, coverage determination, quantum analysis and legal liability assessments
Ensure effective vendor management on complex losses
Report key claims messages to management and to internal stakeholders
Ensure adherence to best practices, policies, and regulatory requirements
Timely, accurate and customer focused claim resolution, minimizing indemnity exposure and mitigating vendor expense
Effective communication and management of key advanced complex claims and Inland Marine portfolio messages to internal stakeholders and customers/clients
Financial control through consistent reserve and other financial transaction discipline
Accurate and consistent policy interpretation
Process the sale of salvage with external vendors and effectively negotiate with repair facilities and with towing yards for release of equipment often with invoices more than the available policy limits

Skills

Key technologies and capabilities for this role

Ocean Cargo ClaimsClaims ManagementCoverage DeterminationQuantum AnalysisLegal Liability AssessmentVendor ManagementPolicy InterpretationSalvage SalesFinancial ControlReserve ManagementInland MarineForwarder Liability

Questions & Answers

Common questions about this position

What is the salary range for the Marine Cargo Claims Analyst position?

For positions based in Jersey City, the base salary range is $76,000-$103,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

What benefits are offered for this role?

AIG offers a range of competitive benefits, a summary of which can be viewed in the US Benefits Overview.

Is this a remote position or does it require office work?

The position is based in Jersey City, and AIG values in-person collaboration as a vital part of its culture.

What skills and experience are required for this role?

The role prefers 3 years’ work experience in Ocean Cargo claims, technical knowledge in Ocean Cargo claims including 1st party and Forwarder Liability, policy language skills, thorough knowledge of legal/regulatory requirements, strong communication, problem-solving, and interpersonal skills.

What is the company culture like at AIG for this team?

AIG values in-person collaboration as a vital part of its culture, with Claims teams focused on technical excellence, responsive and professional service with empathy and efficiency, supported by consistent processes and leadership.

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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