Senior Manager – Reinsurance Accounting - Reporting

Senior Manager - Reinsurance Accounting - Reporting
Senior Manager - Reinsurance Accounting

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.

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.

Role Overview
The Senior Manager of Reinsurance Accounting will be responsible for the regular GAAP and STAT reinsurance reporting deliverables, providing in-depth analysis of statutory penalties and remediation plans, and leading the team in enhancing reporting and analytical oversight. The individual will work with both internal and external stakeholders on collateral related matters, as well as coordinating across functional teams by aligning activities and deliverables with Controllership, Actuarial, Reinsurance and FP&A, in support of the company's broader initiatives. This individual will report to the Assistant Director of Reinsurance Accounting and Reinsurer Reporting. The individual hired will oversee a global cross-functional team of up to 5 resources, along with an off-shore team. 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 disclosures, retroactive reinsurance accounting and deposit accounting

Work closely with financial controls unit, internal and external audit on reinsurance

Responsible for key reinsurance accounting 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 it relates to 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 (Accounting or 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:
6+ 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, 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

5+ years of experience engaging with diverse teams across multiple countries and time zones

Process transformation and control improvement experience is a definite plus

A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to being 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.
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