Senior Manager – Reinsurance Accounting - Reporting

New York, New York, United States (on-site)
10 days ago


Senior Manager - Reinsurance Accounting

Who we are
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.

Get to know the business
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.

Role Overview
The Senior Manager of Reinsurance Accounting will be responsible for the regular GAAP and STAT reinsurance reporting deliverables, providing in depth analysis of statutory penalties and remediation plan, and leading the team in enhancing reporting and analytical oversight. The individual will work with both internal and external stakeholders on collateral related matters, as well as coordinating across functional teams by aligning activities and deliverables with Controllership, Actuarial, Reinsurance and FP&A, in support of the company's broader initiatives. This individual will report to the Assistant Director of Reinsurance Accounting and Reinsurer Reporting. The individual hired will oversee a global cross functional team of up to 5 resources, along with an off-shore team. Specific areas of responsibility include but are not limited to:

Specific areas of responsibility include but are not limited to:
  • Internal and external reinsurance operationalization and associated financial booking
  • Lead a team in financial reporting activities (GAAP/STAT), with a focus on quarterly and annual statutory statements, including disclosures, retroactive reinsurance accounting and deposit accounting
  • Work closely with financial controls unit, internal and external audit on reinsurance
  • Responsible for key reinsurance accounting processes and associated controls
  • Prioritize and address various broad and individual projects, process improvement and transformation initiatives as they arise
  • Provide guidance and recommendations as it relates to reviewing optimal options and solutions to new and existing issues as they arise by leveraging knowledge of existing constraints
  • Position has visibility at departmental senior management level, and interacts with various levels of internal and external individuals and organizations
  • Expected to create alignment through thought leadership, critical thinking, direction/context setting and stakeholder communications.

What we're looking for:

Bachelor's Degree (Accounting or Finance Major Preferred)
Advanced degree and/or designation in a related field a plus (i.e. ARe or CPCU designations, MBA, CPA, MS, PhD, ACAS, FCAS, etc.)

6+ years of relevant experience in an insurance/reinsurance company
Extensive ceded reinsurance experience; managing and leading others; increasing levels of responsibility in a large-scale organization

Knowledge, Skills and Abilities
  • Advanced knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems
  • Experience managing reinsurance operations and finance
  • Knowledge of relevant trends and information within the industry
  • Working knowledge of financial analysis and financial modeling
  • Strong knowledge of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data
  • Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources
  • Technical and/or analytic expertise that can be adapted to current technologies
  • Working knowledge of systems and technology utilized within area of responsibility
  • Strong technical skills in Microsoft Excel, Access, Power Point and Word
  • Strong verbal and written communication skills with significant experience interacting with executive management and external stakeholders
  • Strong negotiation, analytical, decision making, problem resolution and organizational skills
  • 5+ years of experience engaging with diverse teams across multiple countries and time zones
  • Process transformation and control improvement experience is a definite plus
  • The base salary range for this position is $103,000-$143,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.


A look at our Benefits

We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit:

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

FA - Finance

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG PC Global Services, Inc.
Requisition #: JR2302631


Job Information

  • Job ID: 71531590
  • Workplace Type: On-Site
  • Location:
    New York, New York, United States
  • Position Title: Senior Manager – Reinsurance Accounting - Reporting
  • Company Name For Job: AIG
  • Job Type: Full-Time
United States

AIG traces its roots back 90 years when an American entrepreneur named C.V. Starr founded AIG’s earliest predecessor company in Shanghai. What began as a small insurance business grew to become one of the world’s largest companies. By the end of 2007 AIG had assets of approximately $1 trillion, $110 billion in annual revenues, 74 million customers and 116,000 employees in 130 countries and jurisdictions. Yet, less than a year later, AIG found itself on the brink of failure and in need of emergency government assistance.

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