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Accountant – Reinsurance Finance
Join us as an Accountant – Reinsurance Finance to grow your career at the forefront of leading global insurance organization.
Make your mark in
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security.
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
How you will create an impact
Coordinating excess of loss and quota share cessions and/or related premium adjustments on numerous reinsurance programs across multiple lines of business
Perform allocations of deposit premiums on excess of loss contracts at a detailed code block level
Creating/reviewing journal entries monthly
Calculation of premium adjustments
Experience in calculating and applying reinsurance both for premium and losses
Internal and external reinsurance financial booking
Broker/Reinsurer reporting including statements/bordereau
Coordinating with Reinsurance Collections on settlements and cash application
Supporting CFO and FP&A teams in answering questions on reinsurance activities for specific reinsurance programs
Responsible for key reinsurance finance processes and associated controls including compliance with SOX controls and annual statutory and US GAAP audit reinsurance request
What you’ll need to succeed
Advanced degree and/or designation in a related field a plus (ACA, CIMA, ACCA)
Extensive ceded reinsurance experience; increasing levels of responsibility in a large scale organization
Knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems preferred
A reinsurance underwriting or broking background; related discipline experience such as Risk, Capital Management
Knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data
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
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
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
Strong technical skills in Microsoft Excel, Access, Power Point and Word
Ready to take your career to the next level? We would love to hear from you.
#AIG-LI
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 inclusion
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.
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 [email protected].
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