Director - Reinsurance Accounting

About Us

At Corebridge Financial, we believe action is everything. Every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. Our culture is defined by core pillars that bring our brand purpose to life:

• We are stronger as one: Collaborate across the enterprise, scale what works, and act decisively for our customers and partners.
• We deliver on commitments: Be accountable, empower each other, and go above and beyond for our stakeholders.
• We learn, improve, and innovate: Challenge the status quo and equip ourselves for the future.
• We are inclusive: Embrace different perspectives, enabling colleagues to make an impact and bring their whole selves to work.

About the Role

This role assists in overseeing a team dedicated to delivering timely and accurate financial information relating to complex affiliate and external reinsurance treaties. Key responsibilities include reviewing reinsurance settlement calculations and managing the monthly/quarterly close for reinsurance to ensure timely and accurate reporting for GAAP, U.S. Statutory, and Bermuda Statutory requirements.

The Director, Reinsurance Accounting is also responsible for identifying, recommending, and developing process improvements, focusing on standardization, collaboration, and innovative thinking.

This position is part of the Reinsurance Accounting team within Controllership and reports to the Head of Reinsurance Accounting. The role collaborates with Business Unit CFOs, CAO, and various functional areas such as investments, actuarial, strategic planning, accounting policy, and auditors.

Responsibilities

• Lead a team of professionals to complete monthly and quarterly reinsurance accounting closes on time and accurately.
• Review reinsurance cession calculations and settlements.
• Coordinate and review various financial statement disclosures and regulatory filing submissions.
• Assist in explaining monthly/quarterly reinsurance results to stakeholders.
• Support the accounting implementation for new reinsurance deals or reinsurance-related transactions, ensuring accuracy and compliance with accounting regulations.
• Maintain an effective control environment with control and process documentation and coordinate internal and external audits.
• Continuously assess existing processes to identify, recommend, and develop process improvements and standardization.
• Participate in special projects and ad hoc requests.

Qualifications

• 8+ years of experience in the insurance industry, including hands-on experience with complex reinsurance treaties.
• Strong analytical abilities and practical problem-solving skills.
• Excellent organizational skills and keen attention to detail.
• Experience in successful process improvements and automations.
• Ability to collaborate and interact effectively with all levels of staff.
• Ability to multitask with a variety of systems and processes.
• Adaptability to organizational changes and willingness to take on new responsibilities and assignments.

Skills

• Familiarity with financial systems is preferred, particularly SAP and BPC.
• Proficiency in data tools, including Excel, Word, PowerBI, and Alteryx.

Benefits

• Health and Wellness: Medical, dental, and vision insurance plans, mental health support, and wellness initiatives.
• Retirement Savings: Competitive 401(k) Plan with dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (vests immediately).
• Employee Assistance Program: Confidential counseling services and resources.
• Matching Charitable Donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Up to 16 volunteer hours annually to support community activities.
• Paid Time Off: Eligible employees start with at least 24 Paid Time Off (PTO) days.

Pay

This position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Schedule

This position is based in Corebridge Financial’s Houston, TX office and is subject to our hybrid working policy, which combines in-office and remote work. Full remote candidates outside of the Houston location may also be considered. Minimal travel is expected.