Director - Reinsurance Accounting

Corebridge Financial•Houston, TX

1d•Hybrid

About The Position

This role assists in overseeing a team dedicated to delivering timely and accurate financial information relating to complex affiliate and external reinsurance treaties. Key responsibilities include reviewing reinsurance settlement calculations and managing the monthly/quarterly close for reinsurance to ensure timely and accurate close for GAAP, U.S. Statutory, and Bermuda Statutory. The Director, Reinsurance Accounting is also responsible for identifying, recommending, and developing process improvements, focusing on standardization, collaboration and innovation thinking. The Director, Reinsurance Accounting, is part of the Reinsurance Accounting team within the Controllership. This role reports to the Head of Reinsurance Accounting. This position collaborates with Business unit CFOs, CAO, and various functional areas such as investments, actuarial, strategic planning, accounting policy, and auditors.

Requirements

8+ years experience in the insurance industry, including hands-on experience with complex reinsurance treaties.
Strong analytical abilities and practical problem-solving skills, excellent organizational skills and keen attention to detail.
Experience in successful process improvements and automations.
Ability to collaborate and interact effectively with all levels of staff.
Ability to multitask with a variety of systems and processes.
Adaptability to organizational changes and willingness to take on new responsibilities and assignments.
Familiarity with financial systems is preferred, particularly SAP and BPC.
Proficiency in data tools, including Excel, Word, PowerBI, and Alteryx.

Responsibilities

Lead a team of professionals to complete monthly and quarter reinsurance accounting closes on time and accurately.
Review reinsurance cession calculations and settlements.
Coordinate and review various financial statement disclosures and as well as regulatory filing submissions.
Assist in explaining monthly/quarterly reinsurance results to stakeholders.
Support the accounting implementation for new reinsurance deals or reinsurance related transactions ensuring accuracy and compliance with the accounting regulation.
Maintain an effective control environment with control and process documentation and coordinate internal and external audits.
Continuously assess existing processes to identify, recommend, and develop process improvements and standardization.
Participate in special projects and ad hoc requests.