Manager of Capital Management

AIG; Toronto; On-site; CAD 90,000 - 115,000; Full time

Job summary

A global insurance leader in Toronto is seeking a Manager of Capital Management to develop capital plans and manage cash activities. The ideal candidate has over 4 years of experience, strong IFRS 17 knowledge, and excellent analytical skills. You'll be crucial in financial reporting and capital efficiency. Join us for a rewarding opportunity with comprehensive benefits and a focus on career development.

Benefits

Comprehensive benefits package

Career development opportunities

Qualifications

• Minimum of 4 or more years relevant experience in financial services.
• Hands-on experience with IFRS 17.
• FP&A experience is an asset.

Responsibilities

• Develop and execute capital and dividend plans.
• Manage day-to-day cash activities.
• Support local IFRS 17 solutions.

Skills

IFRS 17

Excel

Communication skills

Analytical abilities

Problem-solving abilities

Organizational skills

Time management

Education

BA in Accounting and Finance

CPA

Tools

Modeling tools

PowerPoint

Job description

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Manager of Capital Management to make more of your specialist expertise and experience.

Make your mark in Finance

Our finance professionals play an essential role in maintaining a healthy balance sheet at AIG. They deliver significant finance support for the overall enterprise, optimizing operations, funding and capital structure to honor our commitments to our stakeholders. They inform the decisions of AIG executives and comply with regulatory requirements, maintaining financial discipline, transparency and controls, while providing timely and meaningful information.

Within the Finance team, the Capital & Treasury group manages capital planning and optimization, cash management and treasury functions, and provides support to financial reporting and business teams.

We are looking to hire a core team member of AIG Canada’s Capital & Treasury team who will report to the Director of Capital and Treasury.

How you will create an impact:

Capital Management

• Develop and execute capital and dividend plan and closely monitor company’s solvency positions through quarterly income statement and balance sheet forecast using IFRS 17 basis.
• Collaborate with FP&A to build quarterly STAT plan/forecast based on PO Budget.
• Report Canada results to Corporate Capital Management quarterly and implement any strategic and optimization initiatives.
• Analyze capital efficiency opportunities such as reinsurance capital structure changes and investment strategies.
• Coordinate Internal AYSL annual pricing with Corporate Reinsurance.
• Work closely with CRO and ERM on stress test model update.

Cash Management & Treasury

• Manage day to day cash activities and manage risks under Global Treasury Operations strategy and policy.
• Lead Accounts Payable Team to support business.
• Managing the offshore Team to bring it to the next level to support expense allocation and reporting, Intercompany reporting enhancement, incoming cash application and allocation, etc.
• Coordination with local bank to resolve exceptions on banking activities.
• Support implementation of global payment governance and global end-to-end payments in Canada. Provide treasury related guidance to cross-functional teams such as Tax, Claims and Operations and assist in project related to payment, infrastructure, banking setups and process improvements.

Financial Reporting and Business Support

• Support local IFRS 17 solutions to close STAT filing quarterly.
• Conduct annual Earthquake Filing to OSFI.
• Support Actuary on annual Financial Condition Test (FCT).
• Review and approve the GL account reconciliations in Blackline.
• Work closely with Corporate Accounting Team on planning and execution of closing activities.
• Provide support to Canada CFO on new initiatives and business supports.

What you’ll need to succeed:

• Minimum of 4 or more years relevant experience within the financial services sector, experience in a Property and Casualty insurance company a plus.
• Hands on experience with IFRS 17.
• BA in Accounting and Finance degree required.
• CPA preferred.
• FP&A experience is an asset.
• Highly proficient in use of Excel, Modelling tools and PowerPoint.
• Excellent communication skills, including verbal, written and presentation skills.
• Strong analytical abilities and excellent problem solving abilities.
• Strong organizational skills and ability to work to tight deadlines in a fast paced environment.
• Excellent time management skills with the ability to prioritize across multiple projects.
• Ability to build strong relationships with all of an organization and work independently.

Ready to step up to new challenges? We would love to hear from you.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [e-mail].

Functional Area

FA - Finance AIG Insurance Company of Canada