Regulatory Counsel at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

7+ years of major law firm or in-house experience in the insurance industry
Experience with Property & Casualty insurance
Demonstrated experience handling insurance regulatory matters
Problem-solving skills (critical evaluation and analysis, creative solutions)
Experience with drafting, marking up, and negotiating agreements
Ability to work in a fast-paced environment and develop creative solutions
Excellent written and oral communication skills
Strong organizational, time management, and project management skills
Ability to work independently and as part of a team
Knowledgeable about regulatory and risk management functions
Good judgment and ability to provide timely legal advice
Ability to identify and develop solutions to legal and business risks
JD Required

Responsibilities

Drafting filings with regulators
Conducting legal research
Reviewing policies
Providing counsel to business partners
Support issues related to insurance policy rate and form filings
Support issues related to market conduct and financial exams
Prepare regulatory filings (e.g., Holding Company, and company licensing)
Partner and interact with state regulators
Support issues related to consumer complaints and information requests
Provide guidance concerning financial statement disclosures
Oversee monitoring of insurance laws and insurance department actions
Effectively work in a team environment and collaborate with peers across Legal, Compliance, and other control functions

Skills

Key technologies and capabilities for this role

Legal ResearchDrafting FilingsPolicy ReviewRegulatory FilingsHolding Company FilingsCompany LicensingMarket Conduct ExamsFinancial ExamsAgreement NegotiationProperty Casualty Insurance

Questions & Answers

Common questions about this position

What is the salary for the Regulatory Counsel position?

This information is not specified in the job description.

Is this Regulatory Counsel role remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Regulatory Counsel role?

Key skills include problem-solving (critical evaluation, analysis, creative solutions), drafting/marking up/negotiating agreements, excellent written and oral communication, strong organizational and project management skills, and ability to work independently and in a team.

What is the work environment like at AIG for this Regulatory Counsel position?

It's a dynamic, fast-paced, client-facing role involving collaboration with various AIG teams like Underwriting and Regulatory Reporting, as well as regulators, in a team environment across Legal, Compliance, and other functions.

What experience makes a strong candidate for this Regulatory Counsel role?

Candidates need 7+ years of major law firm or in-house experience in the insurance industry, with a focus on Property & Casualty insurance and demonstrated experience handling insurance regulatory matters, plus a JD.

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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