Location: Wilton,CT, USA
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), 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 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
#LI-CY
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, wellbeing 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 in 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 for 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 ...@aig.com.
Functional Area:
FA - Finance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
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