What are the responsibilities and job description for the Lead Financial Operations Deal Management-Warranty position at AIG?
The Lead Financial Operations Deal Management-Warranty is responsible for all deal creation activities. This includes responsibility for the detailed understanding of the value proposition of US Warranty in the context of the market, the detailed buildup of all financial component of each deal, the operational functions required to support each deal, and the strategic rationale for each potential partnership in line with US Warranty's key strategies.
This person will be responsible for building financial deal sheets to assess economics for the underwriting referral processes, along with coordinating and evaluating the various operational functions needed for each deal's success. This role will support progress on negotiations and prioritize those with the greatest potential. This role will also drive improvements in all sectors of the business that support winning and retaining business.
Essential Duties and Responsibilities
- Significant involvement in all new deal support to ensure that new opportunities are clearly understood, well thought out, and can be executed on by the various departments including customer service, service dispatch, claims, finance, underwriting, and IT.
- Become the voice of the CEO in the business to drive improvements and efficiencies that improve the competitiveness of US Warranty
- Provide industry insights and AIG strategic input related to market changes and AIG's competitiveness
- Build standard economic models in partnership with Finance and Underwriting to streamline the review / quoting process, and improve the accuracy of new deal economics
- Ensure that proposed client agreements align with operational process capacity of AIG and that AIG and its clients / partners can execute within the boundaries of the agreements.
- Work closely with Finance to forecast and plan both sales and cost related financial impacts of new business program(s) to overall AIG profit and loss.
- Provide input on operational strategy related to the growth and maintenance of existing and new clients.
Essential Knowledge, Skills, and Abilities
LI-AC1 #Underwriting #warrantyunderwriting
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.
Reimagining insurance to make a bigger difference to the world
American 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.
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We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.
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Functional Area :
SM - Sales & MarketingService Net Warranty, LLC
