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Regulatory Analyst

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American International Group (AIG)

Jul 30, 2024

  • Job
    Full-time
    Senior (5-8 years)
  • Jersey City
  • Quick Apply

AI generated summary

  • You should possess regulatory knowledge, analytical skills, attention to detail, and the ability to communicate effectively. Experience in compliance and relevant industry regulations is essential.
  • You will analyze regulatory requirements, ensure compliance, assess impacts on operations, and prepare reports to support business functions and strategic decisions.

Requirements

  • Required skills:
  • 5+ years Property & Casualty Insurance industry experience required.
  • Strong analytical and computer skills with the ability to communicate with internal colleagues and regulators with professionalism and confidence.
  • Ability to work independently, resolve problems and develop action plans.
  • Must be organized and pay close attention to details.
  • Must be able to multi-task and effectively manage competing priorities.
  • Must be proficient with Microsoft Office.
  • Knowledge of SERFF, Florida IRFS, NILS Insource and SAP preferred.
  • Familiar with the various advisory organizations (AAIS and ISO preferred but not required).
  • Bachelor's degree preferred.
  • Microsoft Office – proficiency in Excel, Word and Sharepoint
  • For positions based in NYC, the base salary range is $77,000 - $89,000.
  • For positions based in Jersey City, the base salary range is $74,000 - $89,000.
  • Enjoy benefits that take care of what matters
  • At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Responsibilities

  • Primary responsibilities:
  • Support the product filings group and related work to assess state filings policies and procedures, state requirements, quality control and monitoring activities.
  • Oversee regulatory annual filings and provide first line supervision for review of work processed by Administrative Assistant.
  • Manage the maintenance of forms listings and rate/rule manuals for certain states.
  • Manage filings made by vendors for adherence to document maintenance policy.
  • Assist with regulatory inquiries, exams and data collection.
  • Assist with the data retention and management projects.
  • Assist with reviewing and interpreting Advisory Organization filing requests and communicate with actuarial, IT and business partners.
  • Assist with quality control audits to ensure that all policies and procedures are being followed.
  • Work on other special projects and perform additional duties as required.
  • Support tracking new laws regarding regulatory and governance that may impact business
  • Handle insurance company periodic regulatory reporting requirements
  • Support licensing obligations of insurers
  • Assist with handling of regulatory complaints.

FAQs

What is the primary responsibility of a Regulatory Analyst at AIG?

The primary responsibility of a Regulatory Analyst at AIG is to support the product filings group, assess state filings policies and procedures, oversee regulatory annual filings, manage forms listings and rate/rule manuals, assist with regulatory inquiries and exams, and perform quality control audits to ensure compliance with policies and procedures.

What qualifications are required for the Regulatory Analyst position?

A minimum of 5 years of experience in the Property & Casualty Insurance industry is required. A bachelor's degree is preferred. Candidates should have strong analytical and computer skills, proficiency in Microsoft Office, and familiarity with regulatory processes and advisory organizations such as AAIS and ISO.

What software knowledge is preferred for this job?

Preferred knowledge includes familiarity with SERFF, Florida IRFS, NILS Insource, and SAP.

What type of environment will the Regulatory Analyst work in?

The Regulatory Analyst will work in a dynamic team environment within AIG's Global Legal, Compliance and Regulatory team, collaborating with various internal colleagues and partners.

Will there be opportunities for career development for a Regulatory Analyst at AIG?

Yes, AIG invests in continuous learning and development for its employees, providing opportunities for professional growth within a supportive culture.

Is travel required for this position?

No, this position does not require travel.

What is the salary range for the Regulatory Analyst position based in NYC?

The base salary range for the position based in NYC is between $77,000 and $89,000.

What benefits does AIG offer to its employees?

AIG offers a comprehensive benefits package that includes various health and wellness benefits, financial security, professional development opportunities, and a culture that promotes diversity and inclusion.

How does AIG support diversity and inclusion in the workplace?

AIG fosters a culture of inclusion and belonging through flexible work arrangements, diversity and inclusion training, cultural awareness activities, and Employee Resource Groups (ERGs) that celebrate the diverse talents and backgrounds of its employees.

How should candidates request a reasonable accommodation for this position?

Candidates who need a reasonable accommodation should send an email to candidatecare@aig.com.

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American International Group (AIG)

Finance
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Benefits

  • Physical and Mental Health benefits

  • Market-aligned base pay

  • Equitable incentive compensation

  • Life and disability insurance options