Accountant Reinsurance Finance

About Aig

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security. General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

Job Summary

Join us as an Accountant – Reinsurance Finance to grow your career at the forefront of leading global insurance organization.

Key Responsibilities

• Coordinating excess of loss and quota share cessions and/or related premium adjustments on numerous reinsurance programs across multiple lines of business
• Perform allocations of deposit premiums on excess of loss contracts at a detailed code block level
• Creating/reviewing journal entries monthly
• Calculation of premium adjustments
• Experience in calculating and applying reinsurance both for premium and losses
• Internal and external reinsurance financial booking
• Broker/Reinsurer reporting including statements/bordereau
• Coordinating with Reinsurance Collections on settlements and cash application
• Supporting CFO and FP&A teams in answering questions on reinsurance activities for specific reinsurance programs
• Responsible for key reinsurance finance processes and associated controls including compliance with SOX controls and annual statutory and US GAAP audit reinsurance request

Requirements

• Advanced degree and/or designation in a related field a plus (ACA, CIMA, ACCA)
• Extensive ceded reinsurance experience; increasing levels of responsibility in a large scale organization
• Knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems preferred
• A reinsurance underwriting or broking background; related discipline experience such as Risk, Capital Management
• Knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data
• Strong insurance-technical accounting expertise, with an understanding of inter-relationships between balance sheet and income statement, and an ability to analyze results accordingly
• 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