American International Group

Loss Sensitive Analyst

American International Group

Jersey City, NJ, USA
Full-TimeDepends on ExperienceMid-LevelBachelors
Job Description

Are you a detail-oriented individual with a passion for analyzing data and finding cost-effective solutions? Look no further! American International Group (AIG) is seeking a Loss Sensitive Analyst to join our dynamic team. As a Loss Sensitive Analyst, you will play a vital role in implementing and managing our loss sensitive programs to ensure the financial success of our clients. We are looking for someone who is dedicated, driven, and has a strong understanding of insurance principles. If you thrive in a fast-paced environment and have a knack for problem-solving, we want to hear from you!

  1. Conduct data analysis: The Loss Sensitive Analyst will be responsible for analyzing data related to insurance claims and losses. This will involve collecting, organizing, and interpreting data to identify trends and patterns.
  2. Develop cost-effective solutions: Using their analytical skills, the Loss Sensitive Analyst will develop cost-effective solutions for clients to mitigate losses and improve financial outcomes.
  3. Implement loss sensitive programs: The Loss Sensitive Analyst will be responsible for implementing and managing loss sensitive programs for AIG's clients. This will involve working closely with clients to understand their needs and creating customized programs to meet their specific requirements.
  4. Ensure financial success of clients: The primary responsibility of the Loss Sensitive Analyst is to ensure the financial success of AIG's clients. This will require a strong understanding of insurance principles and the ability to identify and implement effective risk management strategies.
  5. Collaborate with team members: The Loss Sensitive Analyst will work closely with other members of the team, including underwriters and claims professionals, to ensure a cohesive and effective approach to managing clients' losses.
  6. Stay updated on industry trends: It is important for the Loss Sensitive Analyst to stay updated on industry trends and best practices in order to provide the most relevant and effective solutions for clients.
  7. Communicate with clients: The Loss Sensitive Analyst will be responsible for communicating with clients to gather information, provide updates on program performance, and address any concerns or questions they may have.
  8. Identify areas for improvement: The Loss Sensitive Analyst will be expected to proactively identify areas for improvement in the loss sensitive programs and make recommendations to enhance the effectiveness and efficiency of these programs.
  9. Maintain accurate records: The Loss Sensitive Analyst will be responsible for maintaining accurate records of data analysis, program implementation, and client communication.
  10. Adhere to company policies and procedures: The Loss Sensitive Analyst will be expected to adhere to all AIG policies and procedures, as well as regulatory requirements, to ensure compliance and
Where is this job?
This job is located at Jersey City, NJ, USA
Job Qualifications
  • Bachelor's Degree In Finance, Risk Management, Or Related Field.

  • Minimum Of 3 Years Experience In Insurance, Risk Management, Or Financial Analysis.

  • Strong Understanding Of Loss Sensitive Insurance Programs And Familiarity With Industry Trends And Best Practices.

  • Proficient In Data Analysis And Modeling Techniques, With Advanced Knowledge Of Microsoft Excel And Other Analytical Tools.

  • Excellent Communication And Presentation Skills, With The Ability To Effectively Communicate Complex Information To Both Technical And Non-Technical Stakeholders.

Required Skills
  • Data Analysis

  • Account Management

  • Negotiation skills

  • Financial Modeling

  • Claims Management

  • Risk assessment

  • Contract review

  • Loss forecasting

  • Claims handling

  • Insurance Regulations

  • Underwriting Knowledge

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Loss Sensitive Analyst in Jersey City, NJ, USA is between $75,000 to $100,000 per year. This range can vary depending on factors such as the size of the company, the level of experience and education of the individual, and any additional skills or certifications they may have. Salary also may vary depending on the industry in which the analyst works, as well as the specific job duties and responsibilities.

Additional Information
American International Group is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedJanuary 11th, 2024
Apply BeforeMay 22nd, 2025
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About American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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