Senior Reinsurance Analyst
Location: New York
Posted on: February 12, 2024
About the role
What you need to know:
The Ceded Reinsurance Placement team is seeking a Senior
Reinsurance/Corporate Analyst to support the evaluation and
execution of strategic reinsurance transactions. The ideal
candidate will possess strong analytical and quantitative skills
and the ability to present complex information in a manner that
supports executive decision-making. Additionally, the candidate
must demonstrate excellent organizational and communications skills
and the ability to deliver a high-quality work product in a
dynamic, fast-paced environment.
+ Prepare formal presentations and comprehensive financial analyses
related to reinsurance transactions for AIGs senior management,
Board of Directors and other key stakeholders
+ Monitor and report on the financial and operational performance
of AIGs portfolio of reinsurance transactions
+ Assists with preparation of underwriting questionnaires,
reviews/scrubs/analyzes data collected for accuracy, prepares
exhibits for incorporation in reinsurance underwriting
+ Obtains market security approvals, prepares experience exhibits,
handles all internal contract administration duties, and
maintenance of files relating to individual reinsurance placements.
Obtains approval for non-standard language when necessary.
+ Liaises with Legal, Actuarial, and Finance etc. as needed to
ensure proper administration of existing and legacy reinsurance
+ Performs monthly, quarterly and annual reconciliations of premium
and loss for bordereau preparation and reinsurance exposure
reporting. Works with internal/external modelers to monitor
+ Tracks reinsurance placements, documentation and all corporate
compliance requirements. Disseminates and articulates expectations
and new/modified AIG standard reinsurance language to reinsurance
intermediaries and direct writing reinsurers and monitors for
+ Coordinates underwriting audits with reinsurers and
+ Responds to and resolves internal and external
reinsurance-related issues. Participates in ad hoc
reinsurance-related projects and assignments as required.
What we are looking for
+ 1, preferably 2+ years of finance, accounting or related
+ Bachelors degree from a four-year college or university, with a
major in finance or economics preferred.
+ Strong analytical and quantitative skills with experience
developing detailed financial models / analysis.
+ Excellent interpersonal, communication and analytical skills.
+ Excellent organizational skills and ability to handle multiple
tasks in a high-volume, fast-paced environment.
+ Ability to work in dynamic, rapidly changing environment,
adapting to changing requirements and collaborating with a wide
range of colleagues to quickly deliver solutions.
+ Ability to facilitate cross-function collaboration, especially
regarding technical aspects.
+ Detail-oriented with demonstrated ability to self-direct,
prioritize work, and meet deadlines.
+ Takes initiative on projects and assignments, seeks alternate
solutions when necessary.
+ Highly motivated and results-oriented.
+ Exposure to insurance lines such as (Casualty, Property, etc.) is
+ Advanced proficiency with Microsoft Office applications,
particularly Excel and PowerPoint.
The base salary range for this position is $65,000 - $81,000 and
the position is eligible for a bonus in accordance with the terms
of the applicable incentive plan. In addition, were 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 email@example.com . Reasonable accommodations will be
determined on a case-by-case basis.
RE - Reinsurance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
National Union Fire Insurance Company of Pittsburgh, Pa.
At AIG, helping people discover new potential is our purpose. As a
global risk leader, we do this for our clients every day. Through
our deep expertise in their industries and our innovative solutions
that help them smartly manage risk, we enable their growth in ways
they never thought possible.
But we also do the same thing for our employees, because we know
our people are our greatest strength-the source of every insight,
every idea and every innovation. When we're working as one team to
do what's right for our colleagues and our communities, we can
achieve excellence together. We encourage colleagues to give back
to the causes they care most about, supporting these efforts
through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network
Additional information about AIG can be found at www.aig.com -
YouTube (http://www.youtube.com/aig) - Twitter
(http://www.twitter.com/AIGInsurance) - LinkedIn
Keywords: AIG, New York , Senior Reinsurance Analyst, Accounting, Auditing , New York, New York
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