General Counsel, Puerto Rico & Caribbean

Who we are:
AIG is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. AIG offers a broad range of products to customers through a diversified, multichannel distribution network.

Global Functions provide a wide range of services to the organization such as Finance, Internal Audit, Communications, Security and Human Resources.

Get to know the business:
As a global multinational insurance corporation, AIG navigates an ever-changing and complex legal, regulatory and compliance landscape that spans state, federal, and international lines. The GLCR team is responsible for providing advice and counsel to our business and functional clients across the organization. The team helps the company avoid legal exposure, while ensuring compliance with local laws and regulations in the countries where AIG operates. GLCR colleagues provide support for all lines of business, collaborate on innovative deals and help shape the development of cutting-edge insurance products. The organization also includes the Government Affairs and Public Policy team, which covers the state, federal and international levels of the AIG businesses. The team’s objective is to work with policymakers and other stakeholders to influence the development of applicable laws and regulations that currently, or have the potential to, impact AIG. We work alongside the businesses to help AIG grow in mature and emerging markets and assist them in navigating complex regulatory or government nuances. We collaborate with our Legal colleagues to deliver successful outcomes and protect the businesses from uncertainty.

About the role:
What you need to know:
This role will work with the regional counsel for Latin American and the Caribbean in cooperation with the rest of the legal team as well as with the Executive Management in Puerto Rico. This role will be a critical contributor to look after insurance products and distribution schemes to be launched in the Puerto Rico and in the implementation of other regional strategies for Latin America and the Caribbean. This role will provide day-to-day legal support to the Puerto Rico operation and the Caribbean as well as to other members of the LAC Legal Team, US team and all other core functions as required to advise on transactional legal issues, including party to party negotiations, drafting and reviewing legal and policy documentation with responsibility for driving operational efficiency whilst effectively managing legal and regulatory risk, procurement, vendors, TPAs management, IT matters, among others.

Further, this resource will deal with company secretariat and controls at three Puerto Rico domiciled entities and will be responsible of handling regulatory relationships in Puerto Rico and the Caribbean. This role is based in Puerto Rico.

Some of the key responsibilities include:
Lead Company Legal Area in Puerto Rico.

Assist on all regulatory matters in Puerto Rico and the Caribbean.

Analyze legal issues, drafting legal documents, presenting viable recommendations, and assuring legal compliance.

Legal advice to local, regional areas as well as to Headquarters regarding viability of proposed commercial strategies, consumer strategies, and legal support to all local company areas, covering local regulations, corporate governance, business proposals, specific corporative consultation.

Legal support to commercial and consumer lines product development including review of existing policy wording and endorsements.

Plan, manage, and direct legal advice, and representation to protect the company’s interests and operations under the law.

Anticipates issues and facilitates solutions to legal challenges in support of business growth and ensures the proper and complete handling of all legal matters through in-house legal team and outside counsel.

Strategic corporate project development such as stock transfer, capital infusions, statutory reform, corporate name changes.

Responses for supervisory, oversight and regulatory authorities.

Analyzing and negotiating contracts and monitoring changes in regulation for appropriate incorporation.

Performing Corporate Secretary duties for Board of Directors and Shareholder’s meetings.

What we’re looking for:
Juris Doctor/Law Degree and license to practice law in PR.

This position suits candidates with vast and progressively legal experience in insurance, financial and corporate law areas, preferable in the role of General Counsel.

Strong knowledge of insurance and financial regulation, insurance association, brokerage, reinsurance, legal risk management, gained within a complex multinational environment.

Strong sense of compliance and e ethicist.

Vast experience in legal, regulatory, and procedural requirements.

Strong drafting, analytical, negotiation and problem-solving skills.

Excellent communication skills in English and Spanish (Verbal and Written).

Able to work independently and collaboratively, with communication and cooperation across organizations and functions, and to also multi-task effectively in a fast-paced environment.

Computer literate in MS office programs (Word, Excel, Powerpoint, Teams)

Possess strong interpersonal and collaborative skills to contribute effectively within an individual and team setting.

Exceedingly customer service skills and results driven.

A look at our Benefits

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, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues 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 Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com. Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:
LG - Legal, Regulatory & Gov't Affairs

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Insurance Company - Puerto Rico