Job description
AIG is seeking a Finance Director for Global Consumer Property and Service Programs in our New York office. The right individual will serve as a key member of the financial management team and partner with business leaders in the Consumer Property and Warranty Service Programs businesses to help key stakeholders both understand the business and drive results. This person will deliver required information and insight, often on an ad-hoc basis, to the global Consumer Property and Warranty Service Programs product leadership teams in support of tactical and strategic decisions that drive profitable growth.
Responsibilities
Support the overall delivery of Finance support by aligning activities and deliverables with the Controllers’, Actuarial, Financial Planning & Analysis (FP&A), Expense Management and Capital Management functional areas.
Provide in-depth analysis and extensive involvement with unit costs, M&A support, analysis of in force profitability, capital allocation review, accounting policy interface, presentation support for Consumer leadership, rating agencies, FP&A.
Interface with others on forecasting of quarterly results, capital and management reporting enhancements (sources of profit, reinsurance impacts, RAP), support financial statement disclosures related to the business, and ensuring compliance with Consumer policies for internal management reporting.
Support the Finance Director for Consumer Property and Warranty Service Programs in preparing special or other non-routine presentations and related commentary along with the related key performance metrics (KPI) to support analysis.
Organizational Structure
This position will report to the Finance Director for Consumer Property and Warranty Service Programs.
Work in a collaborative manner with the Regional Finance Director teams, Consumer Property and Warranty Service Programs Product leadership teams and Finance teams including Controllers, Actuarial, FP&A, Expense Management, Capital Management and Enterprise Risk Management (ERM) across various geographies and product lines with AIG.
Deliver significant interaction within functional operations areas such as distribution, operations and other areas in various locations.
Direct Financial Analysis Specific To The Business Unit While Interfacing And Leveraging The Consumer Property And Warranty Service Programs Leadership Teams And Consumer Finance And Accounting Functions Including
Provide for the timely preparation, interpretation and analysis of business unit financial data, KPIs and other related financial information as established by the Personal Insurance CFO, Finance Director for Consumer Property and Warranty Service Programs and Consumer Property and Warranty Service Programs business unit leaders
Perform key country level analysis in support of strategic growth and investment initiatives
Provide P&L analysis and insight, with appropriate linkage to business strategies and plans
Embed the use of common key performance metrics and leverage analytics to provide insight that drives action
Develop and implement review and challenge and monitoring process for key strategic initiatives
Provide strategic business planning support, evaluation and monitoring
Enable transparency and improve governance and monitoring of direct controllable General Operating Expense (GOE). Develop and implement a review and challenge process around progress towards headcount and expense targets
Partner With Consumer Property And Warranty Service Programs Leadership Teams To Drive Financial Results Including
Prepare and analyze financial data to support budgeting, financial forecasts, management’s discussion and analysis of the business unit results and the development of an actionable annual business plan.
Work with CAT modeling, ERM and Capital management to improve oversight and enable transparency on AAL budget and capital allocation
Liaise with pricing and reserving actuaries to set loss ratio targets and analyze trends
Roll out and embed the use of Risk Adjusted Profitability (RAP) more fully. Help product leaders understand the drivers / levers of PTOI and RAP metrics.
Perform pro-forma analysis to identify and recommend opportunities to improve KPI and drive business strategies
Analyze capital project expenditures, other strategic initiatives and expense management including analysis of cost savings, return on investment, payback period, etc. This includes on-going measurement of results against original expectations and estimates
Leverage best practices and help the business to successfully embed them.
Support M&A due diligence activity Help ensure compliance with AIG policies, GAAP, Statutory and Federal Reserve reporting requirements
Supporting Performance Objectives
Develop and manage effective internal relationships within the Consumer Finance team, supporting Finance functions and within the business unit.
Identify opportunities to improve resource allocations.
Stay informed of trends in the external marketplace. B.A. / B.S. degree in Finance, Accounting or a related discipline is required. MBA and/or a CPA is strongly preferred.
or more years of progressive accounting and / or finance experience. P&C insurance industry experience is strongly preferred.
Experience in the business and in the areas of strategic planning, budgeting, reporting and profitability analysis.
Excellent verbal, written and presentation skills are essential. Ability to collaborate effectively with cross-functional teams and management to accomplish objectives.
Exceptional ethic, intellectual curiosity, leadership and analytical aptitude.
Self-starter, capability of working independently.
Strong modeling and P&C insurance financial statement analysis skills. Strong quantitative and modeling skills with focus on accuracy
Advanced proficiency in Excel and PowerPoint.
Familiarity with Essbase/PC Gears and KPI metrics preferred.
Adapt easily to change, comfortable working within a fast-paced dynamic environment, ability to maintain composure under pressure and manage multiple tasks with competing priorities.
Refer This Job To Your Friends And Help Them To Find Jobs!
Posts
