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Supervisory Accountant, Reinsurance
Supervisory Accountant, ReinsuranceAIG Insurance • Wilton, California, USA
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Supervisory Accountant, Reinsurance

Supervisory Accountant, Reinsurance

AIG Insurance • Wilton, California, USA
19 days ago
Job type
  • Full-time
Job description

The Supervisory Accountant Reinsurance is a key member of AIGs Reinsurance Controllership team ensuring accurate accounting robust internal controls and timely financial reporting for AIGs 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.

Success in this role will require ability to accurately and timely process reinsurance related activities in the sub-ledger / general ledger to meet monthly close deadlines demonstrate appropriate level of understanding of assigned reinsurance programs manage an offshore team and clearly and effectively respond to inquiries from management.

Key Responsibilities :

Coordinating excess of loss and quota share cessions and / or related premium adjustments on numerous Western World reinsurance programs across multiple lines of business including but not limited to :

Creating / reviewing journal entries on a monthly basis

Calculation of premium adjustments

Coordinating 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

Review of Schedule F Part 3 for recoverable payable and funds held balances related to reinsurance programs

Qualifications :

Bachelors 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

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 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

Strong 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 ones own professional development and to drive process improvement for the team and broader organization

The base salary range for this position is $87000-$109000. In addition the position is eligible for a bonus in accordance with the terms of the applicable incentive addition were proud to offer a range of competitive benefits a summary of which can be viewed here : US Benefits

At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .

Functional Area : FA - Finance

AIG PC Global Services Inc.

Required Experience :

Manager

Key Skills

Healthcare Attorney,Data Management,Downstream,Insurance,Electrical Maintenance

Employment Type : Full-Time

Experience : years

Vacancy : 1

Monthly Salary Salary : 87000 - 109000

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Accountant • Wilton, California, USA

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