AIG | Senior Manager, Reinsurance Accounting

Key responsibilities

• Given the level of complexity across these programs, this role is structured with three direct reports and an extensive offshore platform.
• In addition, 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.
• Reporting to the Director, External Reinsurance, this role is primarily responsible for managing the financial and operational controlling activities associated with multiple complex external reinsurance programs.
• Timely identification and billing of eligible XOL recoveries.
• Calculation and accounting for ceding commissions.
• Coordination with Reinsurance Collection group on issuance of statement of accounts to brokers.
• Prepare summary of the program for review and presentation to leadership.
• Provide analytical insight into activity in the reporting period.
• Support the audit process with external and internal auditors.
• Manage the financial and operational accounting for global catastrophe reinsurance programs under a range of contractual structures and across all open contract years, preparing statements of account and ensuring timely settlements in conjunction with global Treasury operations
• Ensure timely identification and responsiveness to accounting for less structured or predictable transactions, including cash calls on external reinsurance, reinstatement premiums on current and prior years’ loss activity, recording and applying cash on retrospectively rated reinsurance contracts, etc.
• Reimagining insurance to make a bigger difference to the world

Qualifications

• Minimum of 7 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.).
• Strong insurance-technical accounting expertise, possessing a comprehensive understanding of inter-relationships between balance sheet and income statement, with 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.
• 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 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