Insurance company American International Group plans to create 230 jobs in Charlotte through the opening of a technology center in Mecklenburg County, company and state officials announced Tuesday.
The New York-based company plans to invest more than $5.5 million in the operation, which is expected to be launched next year. Plans call for the jobs to be created by the end of 2017.
Officials have not disclosed the location of the center, which will provide application development and management services for the company. The center will create and test software used for underwriting, sales and marketing, risk rating and claims payments.
Matthew Gallagher, spokesman for AIG, said in an email that the center will support three main areas: the company’s corporate functions, its Americas property casualty division and its global property casualty claims division.
Total annual payroll for the new positions is expected to exceed $23.1 million, resulting in an average salary of about $100,000. The company declined to provide more details on salaries, which are expected to vary by job function.
Mecklenburg County’s average annual salary is $57,144, according to state officials.
The project expands AIG’s presence in Charlotte, where its property and casualty insurance division has operations. United Guaranty Corp., the company’s mortgage insurance division, is headquartered in Greensboro.
“We are looking forward to growing our capabilities in Charlotte,” Robert Dickie, AIG’s chief operations and systems officer, said in a statement. “The combination of a highly skilled work force and a focus on economic growth in North Carolina supports our goals of developing world-class IT products and services to support our business and our customers.”
AIG has been granted state incentives for the project through the Job Development Investment Grant program. Under the terms of the award, the company is eligible to receive up to 10 annual grants equal to 58 percent of the state personal income tax withholdings from the new jobs. The company could receive up to $4.9 million in total benefits over the 10-year span, state officials said.
Gallagher, the AIG spokesman, said the company is not receiving local incentives for the project.
Bob Morgan, president of the Charlotte Chamber of Commerce, said in a statement that AIG launched a national search this year to find a location for the project.
AIG received one of the biggest bailouts at the height of the financial crisis. In March, AIG said it had made its final repayment to the government, which rescued it for $182 billion.
Roberts: 704-358-5248; Twitter: @DeonERoberts
The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.
Have a news tip? You can send it to a local news editor; email firstname.lastname@example.org to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.Read moreRead less