Director - Reinsurance Accounting

Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You'll Work With

Finance Team - As a highly collaborative team, we serve as effective partners and balance sheet stewards providing the financial leadership to deliver on Corebridge's strategic objectives.

About The Role

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.

Organizational structure

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.

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. 

Skill and Qualifications:

• 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.

Compensation:

This position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location:

This position is based in Corebridge Financial’s Houston, TX office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of the HUB location.

Estimated Travel:

Minimal Travel

#LI-RL1 #LI-SAFG #LI-Hybrid #LI-Remote

Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:

• 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.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building 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 colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  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 [email protected].  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

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