The Supervisory Accountant, Reinsurance, is a key member of AIG’s Reinsurance Controllership team ensuring accurate accounting, robust internal controls and timely financial reporting for AIG’s domestic Commercial and Personal insurance businesses. Reporting to the Assistant Director, Reinsurance , this role is primarily responsible for execution of financial and operational controlling activities associated with administration of external excess of loss and quota share for Western World reinsurance programs and involves direct engagement with an extensive offshore platform.
Success in this role will require ability to accurately and timely process reinsurance related activities in the sub-ledger/general ledger to meet monthly close deadlines, demonstrate appropriate level of understanding of assigned reinsurance programs, manage an offshore team, and clearly and effectively respond to inquiries from management.
Key Responsibilities:
Coordinating excess of loss and quota share cessions and/or related premium adjustments on numerous Western World reinsurance programs across multiple lines of business, including but not limited to:
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
Review of Schedule F Part 3 for recoverable, payable and funds held balances related to reinsurance programs
Qualifications:
Bachelor’s degree in accounting required, CPA preferred
Minimum of 3 years of relevant professional experience.
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
The base salary range for this position is $87,000-$109,000. In addition, 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
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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.
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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.
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