Director, Reinsurance Accounting-Reinsurance Reporting

AIG; Lake Hiawatha (NJ); On-site; USD 163,000 - 204,000; Full time

Job summary

An established industry player is seeking an Assistant Controller of Reinsurance Accounting to elevate your career in a dynamic environment. This role involves managing a global team, overseeing complex reinsurance programs, and ensuring accurate financial reporting. You will collaborate with various stakeholders, providing insights and leadership while driving process improvements. If you're ready to make a significant impact in the reinsurance sector and thrive in a culture of inclusion and collaboration, this opportunity is perfect for you. Join a company that values its people and encourages professional growth through continuous learning and development.

Benefits

Comprehensive Benefits Package

Professional Development Opportunities

Flexible Work Arrangements

Health and Wellness Programs

Qualifications

• 10+ years in insurance/reinsurance with extensive ceded reinsurance experience.
• Experience managing diverse teams across multiple countries.

Responsibilities

• Manage reinsurance finance and controllership area with a global team.
• Oversee financial reporting and broker/reinsurer reporting.

Skills

Reinsurance Accounting

Financial Reporting

Team Management

Financial Analysis

Communication Skills

Negotiation Skills

Process Improvement

Education

Bachelor’s Degree in Finance

Advanced Degree (MBA, CPA, etc.)

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Join us as an Assistant Controller of Reinsurance Accounting to take your Reinsurance career to the next level with a global market leader.

How you will create an impact

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 30 resources.

• 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 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 you’ll need to succeed

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:

• 5+ years of experience managing diverse team of over 15 resources distributed across multiple countries and time zones.

• Advanced knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems

• A reinsurance underwriting or broking background; related discipline experience such as Risk, Capital Management, or Legal would be a plus

• Advanced working knowledge of financial analysis and financial modeling

• Advanced knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data

• 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, 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.

• Process transformation and control improvement experience is a definite plus.

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.)

Ready to make a bigger impact? We look forward to reviewing your application.

For applicants in New York City the base salary range is $163,000-$204,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits a summary of which can be viewed here: US Benefits Overview

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At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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 inclusion 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].