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.

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.

Nice To Haves

• 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.

Benefits

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees