AIG
Senior Manager - Reinsurance Accounting
AIG, Wilton, Connecticut, us, 06897
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, 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.About the role
This role is responsible for managing the reinsurance finance and controllership area. The individual hired will oversee a global cross-functional team of up to 4 resources. Specific areas of responsibility include but are not limited to:Internal and external reinsurance operationalization and associated financial booking.Lead a team in financial reporting activities (GAAP/STAT), focusing on quarterly and annual statutory statements, including Schedule F, notes, interrogatories, cross-checks, etc.Maintain understanding of large complex reinsurance programs and transactions impacting Schedule F and collateral reporting, including interactions with Actuarial and Ceded Reinsurance business team leads.Work closely with financial controls unit, internal and external audit on reinsurance.Partner closely with collateral management group to work on collateral needs and parental letter of credit.Work with ceded reinsurance team to understand and process insolvent and commuted transactions, as well as brokerage service agreement accruals for multiple brokers.Responsible for key reinsurance finance processes and associated controls.Prioritize and address various broad and individual projects, process improvement and transformation initiatives as they arise.Provide guidance and recommendations regarding optimal options and solutions to new and existing issues as they arise by leveraging knowledge of existing constraints.The position has visibility at the departmental senior management level and interacts with various levels of internal and external individuals and organizations. Expected to create alignment through thought leadership, critical thinking, direction/context setting, and stakeholder communications.What we’re looking for
Education:Bachelor’s Degree (finance major preferred). Advanced degree and/or designation in a related field a plus (i.e. ARe or CPCU designations, MBA, CPA, MS, PhD, ACAS, FCAS, etc.).Experience:10+ years of relevant experience in an insurance/reinsurance company. Extensive ceded reinsurance experience; managing and leading others; increasing levels of responsibility in a large-scale organization.Knowledge, Skills and Abilities:Advanced knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems. Experience managing reinsurance operations and finance. Knowledge of relevant trends and information within the industry. Working knowledge of financial analysis and financial modeling. Strong knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data. Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources. Technical and/or analytic expertise that can be adapted to current technologies. Working knowledge of systems and technology utilized within area of responsibility. Strong technical skills in Microsoft Excel, Access, PowerPoint, and Word. Strong verbal and written communication skills with significant experience interacting with executive management and external stakeholders. Strong negotiation, analytical, decision-making, problem resolution, and organizational skills. 5+ years of experience engaging with diverse teams across multiple countries and time zones. Process transformation and control improvement experience is a definite plus.Functional Area:FA - FinanceEstimated Travel Percentage (%):
Up to 25%Relocation Provided:
NoAIG 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 candidatecare@aig.com.
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American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, 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.About the role
This role is responsible for managing the reinsurance finance and controllership area. The individual hired will oversee a global cross-functional team of up to 4 resources. Specific areas of responsibility include but are not limited to:Internal and external reinsurance operationalization and associated financial booking.Lead a team in financial reporting activities (GAAP/STAT), focusing on quarterly and annual statutory statements, including Schedule F, notes, interrogatories, cross-checks, etc.Maintain understanding of large complex reinsurance programs and transactions impacting Schedule F and collateral reporting, including interactions with Actuarial and Ceded Reinsurance business team leads.Work closely with financial controls unit, internal and external audit on reinsurance.Partner closely with collateral management group to work on collateral needs and parental letter of credit.Work with ceded reinsurance team to understand and process insolvent and commuted transactions, as well as brokerage service agreement accruals for multiple brokers.Responsible for key reinsurance finance processes and associated controls.Prioritize and address various broad and individual projects, process improvement and transformation initiatives as they arise.Provide guidance and recommendations regarding optimal options and solutions to new and existing issues as they arise by leveraging knowledge of existing constraints.The position has visibility at the departmental senior management level and interacts with various levels of internal and external individuals and organizations. Expected to create alignment through thought leadership, critical thinking, direction/context setting, and stakeholder communications.What we’re looking for
Education:Bachelor’s Degree (finance major preferred). Advanced degree and/or designation in a related field a plus (i.e. ARe or CPCU designations, MBA, CPA, MS, PhD, ACAS, FCAS, etc.).Experience:10+ years of relevant experience in an insurance/reinsurance company. Extensive ceded reinsurance experience; managing and leading others; increasing levels of responsibility in a large-scale organization.Knowledge, Skills and Abilities:Advanced knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems. Experience managing reinsurance operations and finance. Knowledge of relevant trends and information within the industry. Working knowledge of financial analysis and financial modeling. Strong knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data. Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources. Technical and/or analytic expertise that can be adapted to current technologies. Working knowledge of systems and technology utilized within area of responsibility. Strong technical skills in Microsoft Excel, Access, PowerPoint, and Word. Strong verbal and written communication skills with significant experience interacting with executive management and external stakeholders. Strong negotiation, analytical, decision-making, problem resolution, and organizational skills. 5+ years of experience engaging with diverse teams across multiple countries and time zones. Process transformation and control improvement experience is a definite plus.Functional Area:FA - FinanceEstimated Travel Percentage (%):
Up to 25%Relocation Provided:
NoAIG 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 candidatecare@aig.com.
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