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Reinsurance Finance - Manager

Company: AIG
Location: Jersey City
Posted on: June 16, 2022

Job Description:

Reinsurance Finance - ManagerWho 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.Get to know the business
General Insurance 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. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.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 3 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), with a focus 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 as respects reviewing optimal options and solutions to new and existing issues as they arise by leveraging knowledge of existing constraints
  • Position has visibility at 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 organizationKnowledge, 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, Power Point 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;
    • Over 5 years of experience engaging with diverse teams across multiple countries and time zones
    • Process transformation and control improvement experience is a definite plusWe are an Equal Opportunity EmployerAmerican 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-inclusionAIG 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.In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG's COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG. Exemptions may be considered on a case-by-case basis in accordance with applicable law.Functional Area:FA - FinanceEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG PC Global Services, Inc

Keywords: AIG, Jersey City , Reinsurance Finance - Manager, Executive , Jersey City, New Jersey

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