(PO883) Financial Lines Business Analyst

(PO883) Financial Lines Business Analyst

20 mag
Milano Provincia

20 mag


Milano Provincia

About the role

The FL Business Analyst will be responsible for producing Operational and related reports to support business leaders in identifying value drivers and formulating action plans to improve growth and profitability. The Analyst is expected to actively analyze and determine problem areas, suggest action plans and find ways to improve the operational reports. The analyst will identify key data sources and work with the responsible functions (marketing, finance, claims, operations, actuarial, underwriting and distribution) to extract needed information in a standardized and efficient manner

The responsibilities for this role include:

- Tracking of reinsurance use (FAC)

- Working with Claims & Actuarial on watchlist and IBNR pools

- Management of DC improvements in collaboration with the product heads

- Monthly validation of the rate change data provided by actuaries

- Track and improve rater usage and simplify rater structure

- Responsible for overall data quality including constant improvement of the UW Scorecard KPIs

- Responsible for Data validation and collection

- Responsible for data collection and data accuracy for Profit studies

- Responsible for the Underwriting Governance structure

- Implement standardized rater structure for all our IT Platform, agreements and quote pad approach

- Review all DUA and MGAs and Broker facilities and implement controls

- Oversee the Data workflow from the different distribution channels providing ad hoc reports

- Monitor constantly the Financial Lines book providing good reports to identify the portfolio composition

- Work to implement efficiencies with our IT platform creating a unique approach and rater harmonization

- Ensure adhere nce to all policies, guidelines and procedures

- Identify, distribute and implement best practices for Business Analytic tools, process and techniques

- Partner with Product Management and work collaboratively across functions (marketing, finance, claims, operations, actuarial, underwriting and distribution) to establish the key financial and operational drivers of economic value for the business segment

- Lead the analysis of the key metrics to evaluate the performance of the business operations (e.g. closure ratios, retention, UW turn times, mix of business changes, etc.) that need to be managed in order for the business segment to produce profitable and growing performance

- Consolidate summary information from all of the different disciplines to provide a holistic view of the performance of the business segment. Highlight critical trends, and recommend actions to improve profitability and growth

- Produce concise, relevant and actionable management information reports and analysis, including an understanding of the completion

- Demonstrate strong understanding of local macroeconomic and competitive trends in each market and provide insight to product managers

- Provide leadership in the decision making on required actions. Propose and help implement solutions to improve profitability with respect to short and long term portfolio remediation strategies

- Monitor agreed upon underwriting corrective action plans with actual to expected result measurement for the business segments

- Provide feedback on specific segment and product strategies to ensure that sales, growth, and profitability objectives are achieved

What we're looking for:

- Preferred minimum of 3+ years of technical underwriting experience in MLC FL

- Analytical and quantitative skills

- Process and system skills

- Strong customer service ethic, with a sound understanding of the business processes

- Good level of English and Fluent in Italian

- Good presentation, prioritization, and time management

- Strong execution and results orientation

- Strong presentation, prioritization, and time management

- Strong communication (oral and written) and influencing skills and proven ability to collaborate and work across multiple areas of the organization

- Proven ability to build strong relationships with producer, clients and colleagues

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: https://www.aig.com/about-us/diversity-equity-and-inclusion

Functional Area:

OP - Operations

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Europe S.A.- General Representative for Italy

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