Assistant Director of Reinsurance Finance

Skills :     Finance Director

Job Description:

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 70 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

What you need to know:

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 12 resources. Specific areas of responsibility include but are not limited to:

• Internal and external reinsurance operationalization and associated financial booking of reinsurance
• Manage operationalization of large complex reinsurance programs
• Broker/Reinsurer reporting including statements/bordereau
• Financial reporting (GAAP/STAT, Schedule F, etc)
• Work closely with financial controls unit, internal and external audit on reinsurance
• Partner closely with FP&A to work on reinsurance budgeting, forecasting, actuals, and other analytics
• Responsible for key reinsurance finance processes and associated controls
• Provide expertise to various internal and external stakeholders through participation in various steering committees.
• Prioritize and address various broad and individual projects, process improvement, and transformation initiatives as they arise
• Provide guidance and recommendations with respect to reviewing optimal options and solutions to new and existing issues as they arise by leveraging the knowledge of existing constraints
• A 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

Experience:

Extensive assumed and ceded reinsurance experience; managing and leading others; increasing levels of responsibility in a large-scale organization. 

Knowledge, Skills, and Abilities

• Experience in both managing and calculating reinsurance transactions on both assumed and ceded activity on Quota Share and Excess of Loss contracts
• Ability to interpret complex reinsurance agreements and develop the expertise of others
• Advanced knowledge of reinsurance including underwriting, claims, accounting, finance, and associated process, controls, and systems
• Advanced knowledge of accounting principles and practices and the analysis and reporting of financial data
• Working knowledge of systems and technology utilized within area of responsibility.

• Strong technical skills in Microsoft Excel, PowerPoint, and Word

• Strong verbal and written communication skills with significant experience interacting with executive management and external stakeholders.
• 5+ years of experience managing a diverse team of over 10 resources distributed across multiple countries and time zones.

Process transformation and control improvement experience is a definite plus

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Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, well-being, and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property-casualty networks. It is an exciting time to join us — across our operations, we are thinking of new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty, and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone of our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG 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 [email protected].