Senior Reinsurance Controller & Financial Close Lead

American International Group; Northern (KY); Hybrid; USD 89,000 - 112,000; Full time

Job summary

American International Group, Inc. (AIG) seeks a Supervisory Accountant, Reinsurance, to lead accounting and controls for external reinsurance programs.

You will manage cross-functional activities, ensuring timely monthly close and accurate reporting while engaging offshore resources where appropriate. The role requires deep knowledge of reinsurance operations and strong leadership within a public P&C environment.

Qualifications

• Bachelor’s degree in accounting required, CPA preferred.
• Minimum of 5 years of relevant professional experience, particularly leading teams in a controller capacity for a public P&C insurance company.
• Strong knowledge of reinsurance operations, including underwriting, claims, accounting, finance and associated process, controls and systems.
• Strong insurance-technical accounting expertise, with an understanding of inter-relationships between balance sheet and income statement, and an ability to analyze results accordingly.
• Industry business acumen along with a clear understanding and awareness of global macroeconomic and other relevant factors impacting the business that manifest in financial results.
• Experienced in leveraging a combination of onshore and offshore management and staff resources on a global basis, maximizing the benefits of time zone differences to enhance productivity.
• Strong interpersonal skills and an ability to communicate and collaborate effectively with individuals across Finance and operational disciplines towards a common purpose; commercially oriented, carrying credibility with a business unit and broader Finance organization.
• Systems-technical acumen, able to quickly grasp management reporting structures, understand a newly transformed finance architecture and financial reporting platform, and determine how to extract maximum value in execution of the financial close.
• Strong attention to detail, where accuracy and precision are critical to success, yet possessing an ability to step back and appreciate broader objectives around effective communication and the inter-relationship across finance and operations teams.
• Able to operate successfully and thrive in a dynamic, transformational environment, where change is embraced and viewed as an opportunity for one’s own professional development and to drive process improvement for the team and broader organization.

Responsibilities

• Coordinating excess of loss and quota share cessions and/or related premium adjustments on numerous reinsurance programs across multiple lines of business, including but not limited to:
• Perform allocations of deposit premiums on excess of loss contracts at a detailed code block level
• Creating/reviewing journal entries on a monthly basis
• Calculation of premium adjustments
• Coordinating with Reinsurance Collections on settlements and cash application
• Performing reviews in compliance with SOX controls
• Support responses to reinsurer inquiries by performing research and analysis
• Supporting CFO and FP&A teams in answering questions on reinsurance activities for specific reinsurance programs
• Monthly processing of assumed reinsurance programs based on SOA, including any applicable retrocessions
• Review of Schedule F Part 3 for recoverable, payable and funds held balances related to reinsurance programs

Skills

Reinsurance accounting

SOX controls

Team leadership

Communication skills

Offshore coordination

Education

Bachelor’s degree in accounting

CPA preferred

Tools

General ledger software

Reinsurance software

Job description

American International Group, Inc. (AIG) seeks a Supervisory Accountant, Reinsurance, to lead accounting and controls for external reinsurance programs.

You will manage cross-functional activities, ensuring timely monthly close and accurate reporting while engaging offshore resources where appropriate. The role requires deep knowledge of reinsurance operations and strong leadership within a public P&C environment.