Senior Manager
AIG PC Global Services, Inc. · Wilton, Connecticut · On-site
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Manage accounting and operational controlling for complex external reinsurance programs and global catastrophe treaties.
Worth knowing: Primarily in-office presence expected
Senior Manager, Reinsurance Accounting Wilton, CT or Parsippany, NJ The Manager, Reinsurance Accounting, is a key member of AIG’s Reinsurance Controllership team ensuring accurate accounting, robust internal controls and timely financial reporting for AIG’s domestic Commercial and Personal insurance businesses. Reporting to the Director, External Reinsurance, this role is primarily responsible for managing the financial and operational controlling activities associated with multiple complex external reinsurance programs. Given the level of complexity across these programs, this role is structured with three direct reports and an extensive offshore platform. Success in this role will require a strong and well-balanced combination of re/insurance technical knowledge, operational savvy with an ability to efficiently leverage all levels of available resources, connecting operational inputs and outcomes to the financial results of AIG, organizational dexterity with capability to build relationships across disciplines, and comfort managing in a dynamic and transformational environment. Key Responsibilities: Manage execution of key accounting and operational controlling requirements associated with a prominent, bespoke third-party program with a Lloyds reinsurer, including but not limited to: Timely identification and billing of eligible XOL recoveries Calculation and accounting for ceding commissions Coordination with Reinsurance Collection group on issuance of statement of accounts to brokers Prepare summary of the program for review and presentation to leadership Provide analytical insight into activity in the reporting period Manage the financial and operational accounting for global catastrophe reinsurance programs under a range of contractual structures and across all open contract years, preparing statements of account and ensuring timely settlements in conjunction with global Treasury operations Ensure timely identification and responsiveness to accounting for less structured or predictable transactions, including cash calls on external reinsurance, reinstatement premiums on current and prior years’ loss activity, recording and applying cash on retrospectively rated reinsurance contracts, etc.
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