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Senior Reinsurance Analyst

Company: AIG
Location: New York
Posted on: February 12, 2024

Job Description:

Senior Analyst:
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 submissions.
+ 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 placements.
+ Performs monthly, quarterly and annual reconciliations of premium and loss for bordereau preparation and reinsurance exposure reporting. Works with internal/external modelers to monitor exposure accumulations.
+ 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 compliance.
+ Coordinates underwriting audits with reinsurers and intermediaries.
+ 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 experience.
+ 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 preferred.
+ 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. (https://sprcdn-assets.sprinklr.com/248/0a780968-b61c-4521-b06e-ffe3eb552e83-228292781/New_Hire_Benefits_Overview_202.pdf)
#LI-CS3
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: https://www.aig.com/about-us/diversity-equity-and-inclusion
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 candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
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 (http://www.aig.com/careers/life-at-aig/join-the-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 (http://www.linkedin.com/company/aig) .

Keywords: AIG, New York , Senior Reinsurance Analyst, Accounting, Auditing , New York, New York

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