Full Time Counsel

Product Underwriting Legal - Product CounselWho we are:American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide financial security.We are seeking an experienced attorney to join the Product Underwriting Legal team as Product Counsel in the Global Legal, Compliance and Regulatory (GLCR) department at AIG.The Product Underwriting Legal team is comprised of attorneys, and other para-professionals, providing high quality advisory, transactional and regulatory support across AIG. This role will support projects that are time-sensitive, highly visible inside and outside of the company, and key to AIG’s strategic business initiatives. This position ultimately reports to Head of Product Underwriting Legal within GLCR. The primary responsibility of the Product Counsel is to support the Lead Underwriting Counsel in developing market leading products through drafting and developing both new and updated standard proprietary AIG policies and endorsements. The role requires collaboration with other legal teams in GLCR, and with Underwriting, Claims, Actuarial, and Reinsurance colleagues.Responsibilities:Draft and develop both new and updated standard proprietary AIG products, policies, and endorsements. Support Compliance and Regulatory Filings to obtain required approvals, where necessary.Support the Lead Underwriting Counsel in providing advice to the office of the CUO in adopting new and updated policies and endorsements and work with appropriate parties to effectuate the transition. Develop AIG policies and endorsements based on broker and other insurers’ forms, to address client-specific exposures and to promote the use of AIG preferred wordings in policy placements.Work closely with GLCR colleagues to address legal, regulatory and compliance issues of all types related to product development and policy wordings.Provide advice and insights with respect to policies and endorsements used by other market participants.Ensure underwriting intent is reflected by utilizing clear and unambiguous policy and endorsement wording.Work with other areas in AIG, such as Claims, Actuarial, and the Coverage Litigation team, to identify exposure trends relative to policy and endorsement wordings and to appropriately address the trends in policies and endorsements standard language. Drive remediation of existing policies and endorsements, identifying those that should be retired, updated, or replaced. Act as a liaison coordinating and driving policy and endorsement wording drafting and discussions with line of business leaders, chief product underwriters, senior claims executives and other internal and external stakeholders. Support the population and maintenance of a comprehensive policy and endorsement repository.Support the Lead Underwriting Counsel in providing advice to the office of the CUO on the development of guidelines and authorities to facilitate comprehensive product and wordings governance. Provide policy and endorsement training for AIG underwriting staff, giving direction and insight on wording and usage.Provide input to data science teams as an advisor on the design, development, and deployment of AI-enabled tools to assist with policy wording management and governance.Qualifications:5+ years of Product Counsel experienceJD requiredExperience in Property and Casualty experience preferred.Strong ability to prioritize projects, respond promptly in an appropriate manner and deliver with excellence in a high pace environment.Advanced proficiency in Microsoft Office tools and legal research databases.We’re proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, the “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.AIG also has a tuition reimbursement program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.We are an Equal Opportunity EmployerIt has been and will continue to be the policy of American International Group, Inc., 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. The base salary range for this position in New York is $149,000-$187,000. For positions based in Illinois and New Jersey, the base salary range is $135,000-$175,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.Enjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. 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.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides 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.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to View email address on click.appcast.io. Functional Area:LG - Legal, Regulatory & Gov't AffairsAIG PC Global Services, Inc.IL-ChicagoType: Full time