Lead Reinsurance Accounting Manager

2 weeks ago


Wilton, Connecticut, United States American International Group Full time
Position Overview:
The Senior Manager of Reinsurance Accounting is tasked with overseeing the comprehensive GAAP and STAT reinsurance reporting obligations. This role involves conducting thorough analyses of statutory penalties and developing remediation strategies, while also spearheading initiatives to enhance reporting and analytical oversight.

Key Responsibilities:
- Manage the operationalization of internal and external reinsurance processes along with the related financial entries.
- Direct a team focused on financial reporting activities (GAAP/STAT), emphasizing quarterly and annual statutory statements, including necessary disclosures, retroactive reinsurance accounting, and deposit accounting.
- Collaborate closely with the financial controls unit and both internal and external audit teams regarding reinsurance matters.
- Oversee critical reinsurance accounting processes and implement associated controls.
- Prioritize and manage various projects, focusing on process improvement and transformation initiatives as they arise.
- Provide strategic guidance and recommendations on optimal solutions for new and existing challenges, leveraging an understanding of current constraints.
- Engage with senior management and various internal and external stakeholders to ensure alignment and effective communication.

Qualifications:
Education:
- Bachelor's Degree in Accounting or Finance (preferred). Advanced degrees or designations in related fields are advantageous (e.g., ARe, CPCU, MBA, CPA, MS, PhD, ACAS, FCAS).

Experience:
- A minimum of 6 years of relevant experience within an insurance or reinsurance environment.
- Extensive experience in ceded reinsurance, including leadership roles and increasing responsibilities within a large organization.

Knowledge, Skills, and Abilities:
- Advanced understanding of reinsurance principles, including underwriting, claims, accounting, finance, and related processes.
- Proven experience in managing reinsurance operations and financial activities.
- Familiarity with industry trends and relevant information.
- Proficient in financial analysis and modeling.
- Strong grasp of accounting principles and practices, particularly within the insurance/reinsurance sectors.
- Knowledge of strategic planning, resource allocation, and effective leadership techniques.
- Technical expertise adaptable to current technologies.
- Proficient in Microsoft Excel, Access, PowerPoint, and Word.
- Excellent verbal and written communication skills, with experience in engaging with executive management and external stakeholders.
- Strong negotiation, analytical, decision-making, problem-solving, and organizational skills.
- Experience collaborating with diverse teams across various regions and time zones.
- Experience in process transformation and control enhancement is a definite plus.

Company Overview:
American International Group, Inc. (AIG) is a prominent global insurance organization with over a century of experience. AIG member companies offer a diverse range of property casualty insurance, life insurance, retirement solutions, and other financial services to clients in more than 80 countries. AIG is committed to fostering an inclusive workplace that values diversity and promotes innovation, growth, and profitability.

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