Product Development Analyst

The Product Development Analyst position is responsible for managing the tasks and processes associated with the product development, filing submission/approval and implementation of new or revised products (rates/rules/forms) for use within the Programs Division.

Specific responsibilities include:

• Assist Underwriting and Program Development in the analysis, development and documentation of products (rates/rules/forms) with a focused responsibility for rate/rule page development and state amendatory forms drafting.

• Coordinate and drive to conclusion the Legal review and approval process for forms/endorsements.

• Format forms/endorsements and assign form numbers/edition dates on all AIG Programs forms/endorsements developed.

  Maintain a library of finalized forms/endorsements for reference.

• Handle all coordination aspects of the state filings submission process serving as a liaison between AIG Programs staff and the AIG State Filings Department.

  Responsible for the completion of all required filing related transmission documentation (request forms, transmittals, checklists, forms lists, explanatory memoranda, etc.).

• Coordinate the response to State Insurance Department objections on state filings with input from Program Managers, Product Line Officers, Actuarial and Legal.

  Direct AIG State Filings Department personnel on responding.

• Coordinate state filing product approvals to include notification to Program Administrators, Underwriting and AIG Systems/Operations for implementation.

  Provide related system programming specifications to align with product/filing intent.

• Conduct research on competitor products and state filings and periodically monitor for market changes.

  Analyze and compare product offerings and provide related guidance on Program development and expansion opportunities.

• Provide support and corresponding organizational control to the manuscript endorsement request/development process.

  Provide regulatory guidance on acceptability, assign form numbers/edition dates to finalized forms, maintain manuscript forms library and inventory/tracking sheet in shared environment.

• Participate in coordination meetings with other business units and support areas of AIG to ensure that the state filing and system implementation activities of AIG Programs are in sync with the rest of the organization.

• Maintain all product development and state filing documentation in a shared environment for ready access for the AIG Programs staff.

• Maintain the AIG Programs State Filings Procedural Manual to reflect all aspects of the product filing and implementation processes.

• Other projects as assigned by Product Development Director

What we’re looking for:

• Experience:

• 5+ years of relevant experience in commercial property/casualty insurance
• Working knowledge of ISO Commercial Lines products and package policy structure
• Bachelor’s degree preferred, will consider insurance designations in lieu of degree (CPCU, AU, ARM, etc)

• Proficiency in Microsoft Office applications – Word, Excel, PowerPoint, etc
• Strong research skills using AM Best State Filings, RateFilings.com, SERFF, etc
• Effective oral and written communication skills
• Excellent organizational and project management skills
• Team player

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit:

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.

If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com .

Reasonable accommodations will be determined on a case-by-case basis.

In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG’s COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG.

Exemptions may be considered on a case by case basis.

Functional Area:

UW
– UnderwritingEstimated Travel Percentage (%): Up to 25%Relocation Provided: NoLexington Insurance Company

We’re a leading global insurance organization with operations in approximately 80 countries and jurisdictions.

We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.

What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty.

Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

We’re also committed to doing the right thing for our people and the communities where we work and live.

It’s why we seek to offer what matters to our ever-diversifying team
– like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change.

We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

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