Senior Director of Reinsurance Finance

2 weeks ago


Wilton, Connecticut, United States AIG Full time

Position Overview:

The primary focus of this role is to oversee the Internal Assumed, Captive, and Aviation segments within AIG's Reinsurance Controllership. This position is pivotal in managing essential operational and financial oversight functions, which include the processing and financial reporting of technical ceded and assumed accounts.

Key Responsibilities:

  • Lead Financial Reporting initiatives (GAAP/STAT, 10Q/K, Schedule F, etc.)
  • Ensure the integrity of key reinsurance finance processes and related controls
  • Oversee all financial reporting, accounting, and reconciliations associated with reinsurance activities, including full ownership of Schedule F Part 1 and specific ownership of Part 3
  • Conduct analytical assessments on quarterly P&L activities and balances as of the reporting date for reinsurance activities on both GAAP and STAT bases
  • Facilitate intercompany reconciliations to support the consolidation of AIG financial statements and ensure SOX compliance for statutory reporting
  • Manage the operational aspects of accounting and reporting for a global internal reinsurance program, including financial bookings, premium, and loss calculations
  • Supervise a team responsible for cash settlements, statement preparation, and invoice management
  • Engage in various committees to enhance coordination and communication across multiple teams
  • Support strategic initiatives, including transformation activities under AIG Next
  • Collaborate closely with the financial controls unit and both internal and external audit teams regarding reinsurance
  • Partner with local international controllership teams to implement internal reinsurance solutions
  • Provide expertise to various stakeholders through participation in steering committees
  • Prioritize and manage broad and individual projects, process improvements, and transformation activities as they arise
  • Offer guidance and recommendations for optimal solutions to emerging issues by leveraging existing knowledge
  • Maintain high visibility at the senior management level and interact with various internal and external stakeholders
  • Foster alignment through thought leadership, critical thinking, and effective stakeholder communication

Qualifications:

  • Extensive knowledge of Property & Casualty reinsurance, including underwriting, claims, accounting, finance, and associated processes
  • Over 10 years of experience in managing global reinsurance operations and finance
  • In-depth understanding of industry trends and relevant information
  • Advanced knowledge of accounting principles, insurance/reinsurance markets, and financial data analysis and reporting
  • Strong grasp of business and management principles related to strategic planning, resource allocation, and leadership techniques
  • Technical and analytical expertise adaptable to current technologies
  • Proficient in Microsoft Excel, Access, PowerPoint, and Word
  • Excellent verbal and written communication skills, with significant experience engaging with senior management and external stakeholders
  • Strong negotiation, analytical, decision-making, problem-solving, and organizational skills

Company Overview:

AIG is a global leader in commercial and personal insurance solutions, recognized for its extensive property casualty network. We are committed to innovative approaches that enhance our service delivery to customers, empowering individuals, businesses, and communities to manage risk and navigate uncertainty.

Cultural Commitment:

At AIG, we prioritize a culture of inclusion and belonging, celebrating diverse talents and backgrounds. Our flexible work arrangements and Employee Resource Groups (ERGs) foster an environment where everyone can thrive.

Equal Opportunity:

AIG is dedicated to providing equal opportunities to all qualified individuals, ensuring a workplace that respects and values diversity.



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