AIG | Assistant Director, Reinsurance Accounting

Key responsibilities

• Given the breadth of scope, this role is structured with three direct reports and an extensive offshore platform.
• The position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
• This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
• Lead the financial and operational accounting for SEC reinsurance reporting, including all reinsurance disclosures within AIG’s external SEC and statutory reporting.
• Partner with Capital Management leaders and staff to evaluate ensure complexities of and changes in internal reinsurance are fully understood by the team and operationalized appropriately.
• Deliver the full suite of Reinsurance regulatory reporting under Schedule F for all U.S. insurance companies, as well as financial statement disclosures.
• Own internal reinsurance intercompany general ledger accounts globally, working with local controllership teams to identify and resolve any breaks or other issued emerging in the monthly/quarterly financial close.
• Support the audit process with external and internal auditors.
• Ensure timely identification and responsiveness to accounting for less structured or predictable transactions, including cash calls on internal reinsurance, recording and applying cash on retrospectively rated reinsurance contracts, etc.
• Reimagining insurance to make a bigger difference to the world

Qualifications

• Minimum of 8 years of relevant professional experience, particularly leading teams in a controller capacity for a public P&C insurance company.
• Advanced knowledge of reinsurance operations, including underwriting, claims, accounting, finance and associated process, controls and systems; re/insurance-relevant professional designation a plus (ARe, CPCU, etc.).
• 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.
• Strong interpersonal skills and an ability to communicate and collaborate effectively with individuals across Finance and operational disciplines towards a common purpose.
• We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals.
• Strong insurance-technical accounting expertise, including U.S. statutory requirements relevant to reinsurance reporting (Schedule F), possessing a comprehensive understanding of inter-relationships between balance sheet and income statement, with an ability to analyze results accordingly
• 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

AIG

AIG is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "American International Group, Inc, (AIG), is a global insurance organization providing a range of insurance and other financial services."

Its finance, accounts, audit and tax openings in India are mostly in Ny-New York, Ct-Wilton, Vt-Burlington and In-Jeffersonville.

• Industry: BFSI / Investments / Insurance