Head of Reinsurance Accounting

*Preference is for the role to be based in LA, NY, or Houston. However, we are also open to remote
Who We Are
At Corebridge Financial, Action is Everything. We are a new company, but not a new business. Formerly AIG Life & Retirement, we are one of the largest and most established providers of retirement solutions and insurance products in the United States, with a long and proven track record of serving our clients. Everyday, we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
Position Summary
The Head of Reinsurance Accounting is a senior member of the Controllership management team and will provide leadership around a myriad of complex accounting matters including those arising from internal and external reinsurance transactions. The successful candidate will lead Corebridge's Reinsurance Accounting function for both U.S. GAAP and U.S. statutory accounting. Additionally, this position will also have responsibility for liaising and providing input to Corebridge's financial statements filed with the SEC and working closely with reinsurance operations, actuarial and the various business unit functions.
Organization Structure and Interfaces
This position reports to the Controller. There is significant interaction with senior leadership, including the CFO, CAO, Business unit CFOs as well as functional areas (e.g. investments, actuarial, strategic planning). The position will collaborate with business unit teams on the practical implications and available alternatives on reinsurance transactions. The successful candidate will have a high degree of gravitas combined with the ability to interact at the highest levels within the finance organization in synthesizing complex transactions. In addition, the position will represents the organization in interactions with internal and external auditors.
Performance Objectives

• Leads the accounting implementation for new reinsurance deals or reinsurance related transactions ensuring accuracy and compliance with the accounting regulation. This includes the monitoring and governance, oversight, process change and transaction controls.
• Collaborates closely with the office of accounting policy, the broader Controllers' organization, and the Business Unit CFO teams on the evaluation of new GAAP and statutory accounting guidance impacts on reinsurance.
• Leads the overall accounting function associated with reinsurance on a GAAP and statutory basis which includes, YRT, coinsurance and modco transactions.
• Implements continuous improvement mindsight to strength the review of quarterly results related to reinsurance.
• Exhibits strong leadership presence and can succinctly explain the quarterly reinsurance results.
• Oversees the internal controls in the reinsurance function.
• Collaborate with internal and external auditors as appropriate.

The Ideal Candidate Should Have

• Minimum of 15 years insurance industry experience (life insurance & reinsurance expertise)
• Experience in successful process resdesign
• Proactive, detail oriented and excellent documentation and analytical skills
• SEC reporting experience
• Strong interpersonal and communication skills

• Ability to communicate effectively
• Ability to manage a global team
• Ability to simplify complex issues for discussion and decision making
• Aptitude to multitask, handling multiple projects simultaneously
• Must be able to make decisions after considering alternatives
• Must be a creative thinker
• Excellent team player

What Our Employees Like Most About Working For Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
• Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:

• Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
• A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% in to your 401K regardless of if you enroll or not .
  For positions based in Woodland Hills, California,, the base salary range is $140,000 - $180,000. For positions based in New York , the base salary range is $140,000 - $180,00. In addition, 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: Benefits Overview. #LI-SB1 #LI-SAFG #LI-Hybrid #LI-Remote

We are an Equal Opportunity Employer
Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. At Corebridge Financial, 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.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. 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 TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
FA - Finance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
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