AIG 2020 Legal 1L Summer Associate Program - Houston Salary in the United States

Functional Area:

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 80  countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Global Legal, Compliance & Regulatory Department

The AIG Global Legal, Compliance and Regulatory Department (“GLCR”) delivers high quality legal advice, along with compliance and regulatory services, with integrity and objectivity to achieve AIG’s business goals. GLCR is made up of attorneys and professionals within the following general areas: Business Unit support, Corporate Areas such as Securities, Corporate Governance, Litigation and Employment, Regulatory, and Compliance.

This is a global, diverse and award-winning team that has been recognized for its leadership and innovative solutions. You will also be able to participate in AIG’s award-winning pro bono program.

As a Summer Associate, you will work closely with mentors and colleagues as you are challenged with meaningful, business-critical projects. Additionally, you will gain an understanding of AIG’s business and the role of GLCR, and you will be able to draw on this experience as you consider your future career plans.

Summer Associates generally have the following responsibilities:

• Provide support and assistance to in-house lawyers in the provision of legal advice and counsel to business partners.
• Support the business in applying federal, state, and local laws/rules and regulations, insurance specific and otherwise, as applicable.
• Support business partners by providing advice with respect to the day-to-day administration of the company, including Product Development, Sales/Marketing, Operations, Compliance, Finance, and/or Actuarial.
• Research state laws/rules and regulations.
• Assist in the drafting and negotiation of documentation relating to corporate transactions including stock and asset purchase agreements, portfolio transfer agreements, joint venture agreements, various financing arrangements, vendor agreements, reinsurance agreements, and/or other similar business relationships.
• Track, analyze, and report on legislative and regulatory developments, as well as industry trends impacting the business.
• Other duties as assigned.

Summer Program Description

The Summer Associate position in GLCR is part of the overall Summer Internship Program at AIG. Joining the AIG Summer Internship Program is a great way to enhance your business acumen and gain insight into our industry. Summer interns are placed into meaningful and influential roles that have an immediate and integral impact on the business.

The Summer Associate Program lasts approximately 10 weeks.  After initial orientation and intensive training, summer associates will join GLCR, which offers a unique opportunity to obtain core technical knowledge and professional skills in a diverse and global environment. In addition to the experience acquired on the job, summer associates have the opportunity to learn directly from senior management, and participate in webinars, discussion forums, and networking receptions.

Summer associates establish goals with their managers during the first week, and the goals are measured at the mid and end points of the summer.  Successful summer associates may be considered for a summer associate position in the summer of 2020.

Qualifications

Required:

• Law school degree to be received no later than May 2022

Preferred:

AIG seeks candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, possess strong analytical, quantitative and interpersonal skills, and are enthusiastic about and committed to the insurance industry.

The ideal candidates will be bold thinkers with an entrepreneurial bent, and will possess a powerful blend of IQ (technical skills, consistent learning, statistical & financial acumen) and EQ (adaptive communication, empathy, listening skills, challenging with humility).

We also look for a diverse background of experience, culture, and thought.  Successful candidates typically have a global perspective and a record of successful teamwork.

Locations

AIG Summer Associate positions are available in Houston.

How to Apply

In order to be considered, please apply at www.aig.com/careers/students

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.