FA - FinanceEstimated Travel Percentage (%): No TravelRelocation Provided: NoFortitude Life & Annuity Solutions, Inc.
Fortitude Re: In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or capital redeployment, with potential near-term reductions in book value. The launch of the Fortitude Re entity in 2017 (formally DSA Re) was an important early step in achieving that objective. AIG continued the Fortitude Re strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for Fortitude Re. Fortitude Re currently reinsures $36 billion of AIGs Legacy Life and Annuity and General Insurance liabilities. Fortitude Res diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build Fortitude Re into a standalone platform with financial strength that complements its strategically differentiated capabilities. For more information, please visit .
Position Description: Ensure compliance with risk management and business continuity processes for all Fortitude Life & Annuity remittance & disbursement general accounting functions. Manage team of 10 reconcilers and provide day to day oversight and support. Review/approve monthly account reconciliations. Review/approve manual journal entries. Ensure compliance with corporate standards with regard to account reconciliations and aged reconciling items. Monitor aging of reconciling items, report aging to management, and escalate as necessary. Implement standardized, efficient processes that reduce cost, improve controls and maintain or improve business unit results. Serve as a control function in reporting and escalating issues, working with other operations areas to establish controls where risks have been identified. Work with business teams in identifying discrepancies in a timely manner to avoid or mitigate gain/loss. Ensure department service levels are met with regard to timeliness and accuracy. Work with Treasury department for any policy related banking needs. Manage premium, banking, and suspense accounting issues with third party administrators. Ensure all policy disbursements are generated without error oversee daily disbursement balancing procedures including, but not limited to:Balance disbursements generated back to policy admin systemsBalance disbursement issue files transmitted to bank back to disbursement systemBalance checks printed back to disbursement system
Candidate will need to operate in an extremely fast-paced accounting environment with a great deal of ongoing change. This person will have individual responsibility for special strategic projects as well as overall responsibility for managing accounting staff and resolving problems on an ad-hoc basis.
Education / Background Requirements Four-Year degree in Accounting/Finance with extensive experience working in the Life Insurance industry. Certified Public Accountant (CPA) preferred. 5+ years management experience. Highly motivated and driven for career advancement and leadership. Strategic and analytical problem solving skills. Advanced Excel knowledge and SAP (or other accounting system experience) preferred. Demonstrated experience in driving technology for service improvements in effectivness and efficiency. Ability to work at a fast pace and/or handle shifting priorities. Ability to deliver results under time pressure. Good mathematical, oral and written communication skills. Critic al thinker with the ability to adapt to change to meet or exceed the needs of clients and department. Ability to work independently and in a team environment. Ability to lead projects for departmental goals. Ability to understand processes in a larger context to look for improvements and efficiencies. Customer focused and willing to make extra effort to ensure Customer satisfaction. Ability to navigate within a complex organizational structure and interact with people at all levels to locate information and solve problems.
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.
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.