Reinsurance Analyst - American International Group

Reinsurance Analyst:

About the role

What you need to know:

The Ceded Reinsurance Placement team is seeking a 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 AIG’s senior management, Board of Directors and other key stakeholders
• Monitor and report on the financial and operational performance of AIG’s 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.
• Bachelor’s 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, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.

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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 what’s 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 security—as well as your professional development—to 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 world’s 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 belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s 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 candidatecare@aig.com.  

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

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