Financial Lines Business Analyst, ItalyApply locations Milano time type Full time posted on Posted Yesterday job requisition id JR2406115
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 poolsManagement of DC improvements in collaboration with the product headsMonthly validation of the rate change data provided by actuariesContact person for UW in reporting rater issueTrack and improve rater usage and simplify rater structureContact point with O&S departmentResponsible for overall data quality including constant improvement of the UW Scorecard KPIsResponsible for Data validation and collectionResponsible for data collection and data accuracy for Profit studiesResponsible for the Underwriting Governance structureImplement standardized rater structure for all our IT Platform, agreements and quote pad approachReview all DUA and MGAs and Broker facilities and implement controlsOversee the Data workflow from the different distribution channels providing ad hoc reportsMonitor constantly the Financial Lines book providing good reports to identify the portfolio compositionWork to implement efficiencies with our IT platform creating a unique approach and rater harmonizationEnsure adherence to all policies, guidelines and proceduresIdentify, distribute and implement best practices for Business Analytic tools, process and techniquesPartner 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 segmentLead 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 performanceConsolidate 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 growthProduce concise, relevant and actionable management information reports and analysis, including an understanding of the completionDemonstrate strong understanding of local macroeconomic and competitive trends in each market and provide insight to product managersProvide 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 strategiesMonitor agreed upon underwriting corrective action plans with actual to expected result measurement for the business segmentsProvide feedback on specific segment and product strategies to ensure that sales, growth, and profitability objectives are achievedWhat we're looking for: Analytical and quantitative skillsProcess and system skillsStrong customer service ethic, with a sound understanding of the business processesGood level of English and Fluent in ItalianGood presentation, prioritization, and time managementStrong execution and results orientationStrong communication (oral and written) and influencing skills and proven ability to collaborate and work across multiple areas of the organizationProven ability to build strong relationships with producer, clients and colleaguesReimagining 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.
Welcome to a culture of belonging 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. 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 ******.
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