Supervisory Accountant, Reinsurance

About the role

The Supervisory Accountant, Reinsurance, is a key member of AIG’s Reinsurance Controllership team ensuring accurate accounting, robust internal controls and timely financial reporting for AIG’s domestic Commercial and Personal insurance businesses. Reporting to the Assistant Director, Reinsurance, this role is primarily responsible for execution of financial and operational controlling activities associated with administration of external excess of loss and quota share for Western World reinsurance programs and involves direct engagement with an extensive offshore platform.

Responsibilities

• Coordinating excess of loss and quota share cessions and/or related adjustments on numerous Blackboard reinsurance programs across multiple lines of business, including but not limited to:
• Creating/reviewing journal entries on a monthly basis
• Calculation of premium adjustments
• Cooking with Reinsurance Collections on settlements and cash application
• Performing reviews in compliance with SOX controls
• Support responses to reinsurer inquiries by performing research and analysis
• Supporting CFO and FP&A teams in answering questions on reinsurance activities for specific reinsurance programs
• Reviewing Schedule F Part 3 for recoverable, payable and funds held balances related to reinsurance programs

Qualifications

• Bachelor’s degree in accounting required, CPA preferred
• Minimum of 3 years of relevant professional experience
• Strong knowledge of reinsurance operations, including underwriting, claims, accounting, finance and associated process, controls and systems
• 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
• Strong interpersonal skills and an ability to communicate and collaborate effectively with individuals across Finance and operational disciplines towards a common purpose; commercially oriented, carrying credibility with a business unit and broader Finance organization
• 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
• Adequate 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
• 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

Pay

The base salary range for this position is $87,000-$109,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications.

Benefits

We are proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits