American International Group: A multinational corporation dedicated to providing innovative technology and creative solutions to helping clients conquer new risks. Image source: wsj.com.
Working for American International Group: Employment, Careers, and Jobs
If you are interested in working for the American International Group, AIG, and need to learn about employment, careers, and jobs at the Company, you will find this post helpful. Please, continue reading:
American International Group: Company Overview
American International Group, AIG, is an American multinational corporation that was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.
American International Group provides life insurance, property casualty insurance, retirement products, and other financial services to individual and commercial customers.
AIG operates through General Insurance, Life and Retirement, Legacy Portfolio, and Other Operations segments.
The General Insurance segment covers insurance businesses in North America and international business areas.
The Life and Retirement segment comprises life insurance, individual retirement, group retirement, and institutional markets.
The Legacy Portfolio segment includes discontinued or exited product lines, distribution channels, and policy forms.
The Other Operations segment consists of income from assets held by the company and other corporate subsidiaries.
Why Work for American International Group
In AIG’s diverse and inclusive culture, workers and managers partner for each other’s success, making life there to be so rewarding.
Over 45,000 employees come together every day to make a difference in the lives of millions around the world, making life at the company to be enriching.
Life at AIG is so innovative and internationally-made as the company builds award-winning apps, develops and markets new products, fights for big data, and supports clients everywhere with custom services and coverage.
AIG is a universal company filled with people from various backgrounds and with various skill sets. Each individual is unique and, therefore, values diverse aspects of working with the company.
AIG applies innovative technology and creative solutions to help their clients conquer new risks. They believe innovation doesn’t grow in a box, but it does increase in safe places. So they provide the safety that gives individuals and companies the freedom to grow.
The company is passionate about helping their people learn and advance in the company. They offer, as a global business leader, opportunities to connect with clients around the globe, build new skill sets, and have their employees’ voice heard.
As the company works in areas from risk management to technology to underwriting, their people respond to global changes, expect challenges, and help build a safer, more flexible world.
AIG Careers and Jobs
At American International Group (AIG), you have the opportunity to advance your career by building a safer, stronger future for businesses, families, and communities across the globe.
AIG employees exemplify the company’s values of diversity, inclusion and global citizenship – and in return, the company offers world-class opportunities that lead to exciting careers across a wide array of disciplines.
Student Programs
AIG is committed to hiring high-potential candidates from universities around the globe. As you begin your career, you’ll profit from training, guidance, and mentoring by leaders and managers invested in your success.
Therefore, apply to join this creative and dynamic organization where knowledge is planted, innovation is encouraged, and achievement is rewarded. AIG is truly a great place to start your career.
Global Opportunities
AIG believes in supporting the next generation of international leaders, providing the freedom, resources, and support to map your career path across many disciplines and geographies.
Select an area below to discover the tremendous opportunities offered by the company. Check out the current positions the company has to offer.
• Underwriting and Claims Audit Analyst
• Operational Programmer
• Development Claims Assessor
Actuarial
• Senior Actuarial Analyst
Change
• Program Manager
Strategic
• Strategic Development Manager
AIG Training and Development Programs
There are unlimited opportunities provided by AIG for professional development. From one department to another, both vertical and horizontal career are possible in the Company.
Joining the team offers you the chance to work on a large number of interesting local and international projects. There are well-organized management structure and corporate culture in AIG that help perfectly to energize the set work and personal goals.
The employees who have grown inside the Company now head the majority of key areas in the Company. A special system of development of key personnel is provided by AIG for development of their professional and managerial potential.
The Talent Management Program, which involves the most promising and successful employees in the United States, is one of the Company’s latest initiatives in this area.
In-house training where AIG, CJSC personnel are also involved is designed and implemented by AIG headquarters in New York, NY.
The company organizes special training seminars and meetings annually, where specialists from different countries share experience and information about new methods of work.
The system of the Annual Performance Appraisal helps significantly to determine the potential and direction of professional growth. This system includes both the analysis of the personnel operations and determination of the area of professional development of training inside the Company.
The personnel training and development plan is made and implemented under the Annual Performance Appraisal, where the targets and tasks for the next period are formed.
Thus, the employees working in the Company have an opportunity to undergo complex training program for development of business, professional and personal skills and competencies with external training centers.
In addition, the Company’s personnel participate in a variety of in-house trainings and seminars which are designed and held by the personnel from different departments. Above all, young specialists are trained at work to adopt the experience of the senior colleagues.
AIG Student Internship Program and Recruitment Process
AIG has a 10-week summer internship program designed to provide students with an insight into the company’s industry through hands-on experience. As an Intern, you will be challenged with meaningful, business-critical projects as you work closely with mentors and colleagues.
You will also be exposed to other business areas within AIG, in addition to your day-to-day responsibilities, to gain a wider knowledge of what the company does.
Through a companywide project, the internship program will also provide you with invaluable opportunities to work with colleagues across all levels within AIG.
Performance management is an essential part of the program, and strong interns will have a full-time position in the company’s global Early Career Analyst Program upon graduation in 2019. The internship program will commence in May/June 2018.
Description of Department
The company’s Affinity marketing department is responsible for managing strategic partnerships across their Personal Insurance business such as Consumer/Retail, and securing new business opportunities.
The program is classic combination of ‘farming’ and ‘hunting’ personal insurance. Stakeholder management, key Account management and putting the customer first, are the important parts of the program.
The largest Auto dealers, Banks, Alternate distribution (Associations/Clubs), Retail and Payment/Tech companies, are some of AIG’s key partners.
Required Skills and Abilities
• Must be pursuant of a degree in ANY discipline
• Must have minimum grade point average of 3.2 out of 4.0
• Must be enthusiastic and committed to pursuing a career in an international environment
• Must be graduating between December 2018 to June 2019 and available for a consecutive 10-week internship from May to July or June to August
Preferred
AIG looks for:
• Candidates who have done extremely well in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative and interpersonal skills. • Candidates with an entrepreneurial bent, and a powerful blend of IQ (technical skills, consistent learning, statistical & financial acumen) and EQ (adaptive communication, empathy, listening skills, challenging with humility), and who can think boldly. • Candidates with a varied background of thought, culture and experience. • Successful candidates typically having a global perspective and a team-oriented track-record. • Someone with a process/operations skill-set, ideally with Six Sigma and/or Lean understanding (or qualification).
AIG Corporate Culture and Values
Multinational risks are at the heart of AIG’s culture. The company started off as a multinational company itself in Shanghai in 1919, and throughout the 20th century they established the AIG Global Network around the globe to care for and service their multinational clients’ operations in their local markets.
Mission Statement
American International Group Inc. (AIG) reduces fear of the future and empowers their clients through their risk expertise and financial ability.
AIG Employee Alignment
50% of AIG employees are motivated by the company’s mission, vision & values. Comparably data evidently explains that a focused mission statement and organized core company values are essential to maintaining employee alignment.
AIG Job Application – How to Start a Career (the Hiring Process)
The following steps will guide you toward applying for jobs at American International Group (AIG).
Step 1: The Online Application
Submit your resume and application by using the “Apply now” link. Include your unique skills and experiences – such as living or traveling abroad, being multilingual, and related club or extracurricular activities.
You must also submit an application to AIG campus postings through the on-campus recruiting portal, if you attend college on a campus that AIG visits during their recruiting process.
Step 2: First-Round Interviews
The company will set up a time for a 30-minute in-person meeting or virtual, if you’re selected for a first-round interview. Interpersonal skills, leadership abilities, and long-term potential are assessed by these proficiency-based reviews.
Step 3: Final-Round Interview
If the company invites you, the final round of two to three interviews and assessment exercises will focus on industry and technical knowledge. The hiring manager will also tell you more about the company, so you can assess if AIG is the right fit for you.
Step 4: Offer Considerations
AIG sends offer letters after assessing all candidates met during recruiting. You need to weigh your options if you receive an offer.
Benefits and Compensation for Working with AIG
American International Group, Inc. (AIG) promotes employee well-being by offering pension benefits. Several employees rely on employer-sponsored retirement plans to help guarantee a stable cash stream later in life.
Defined benefit pension plans and defined contribution pension plans are the two benefits offered by American International Group, Inc. (AIG). A defined benefit pension plan pays retirees a fixed amount upon retirement, while a defined contribution pension plan helps employees save and invest for retirement.
Retirement and Financial Benefits
These include:
• Profit Sharing
• 401(k) Plan
• Defined Benefit Pension Plan
• Defined Contribution Pension Plan
AIG Work/Life Balance
The work/life balance at AIG is rated a C- by 33 employees putting it in the Bottom 30% of similar size companies in the US.
60% of AIG employees are satisfied with their work life balance while 63% feel they are burnt out.
About 52% of the employees at AIG work eight hours or less, while 6% of them have a very long day – longer than twelve hours. The Majority of AIG employees are satisfied with their work life balance and feel burnt out.
In general, Hispanic or Latino employees and Asian or Pacific Islander employees believe they have good work life balance while employees with 6 to 10 Years experience and Caucasian employees think there is room for improvement.
Moreover, for employees to be happy and productive both at home and in the company where they work, they need a well proportioned work life balance.
Conclusion
If you are thinking of starting a career and working for the American International Group, Inc. (AIG) and achieving greater success in your career, the information you will get from this post will help you to get the knowledge required for making this a reality.
You will get to know about the company and how you can embark on your career-building journey using the best techniques.
If you find this post helpful in finding out about careers, jobs, and employment at the American International Group, Inc. (AIG), kindly leave a comment in the box below. You can also share any experience you’ve had with AIG if you are or had been an employee of the Company.
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