Director - Reinsurance Accounting

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 close for GAAP, U.S. Statutory, and Bermuda Statutory. The Director, Reinsurance Accounting is also responsible for identifying, recommending, and developing process improvements, focusing on standardization, collaboration and innovation thinking.

Responsibilities

• Lead a team of professionals to complete monthly and quarterly reinsurance accounting closes on time and accurately.
• Review reinsurance cession calculations and settlements.
• Cook up and review various financial statement disclosures and as well as regulatory filing submissions.
• Aid 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 the accounting regulation.
• 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 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.
• Familiarity with financial systems is preferred, particularly SAP and BPC.
• Proficiency in data tools, including Excel, Word, PowerBI, and Alteryx.

Skills

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

Benefits

Corebridge offers a range of competitive benefits as part of the total compensation package, including health and wellness, retirement savings, employee assistance program, matching charitable donations, volunteer time off, paid time off, and more. The company is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

Work Location

This position is based in Corebridge Financial’s Houston, TX office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of the HUB location. Estimated travel is minimal.

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive. We are an Equal Opportunity Employer and committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws.