International Commercial Finance Business Partner at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

A qualified accountant with significant experience in financial planning and analysis, actuarial, or business analysis
Insurance experience is highly desirable
Experience in financial budgeting, strategic planning, and profitability analysis
Strong operational experience and the ability to work to demanding deadlines
Advanced ability to work with analytic tools (e.g., Excel, SAP, PowerPoint)
Well-organized, highly detailed, quantitative skills, and a strong focus on accuracy
Experience of working with offshore teams

Responsibilities

Reporting and monitoring of the performance of the Financial Lines and Property Business against plan, including KPI analysis
Providing insights to support leadership discussions and decision-making
Leveraging financial, actuarial, claims, reinsurance, and expense reports to provide business teams with actionable insights
Preparation of business reviews, supporting quarterly, annual, and ad-hoc reviews
Leading the budget (and 3-year planning) for these areas, coordinating with Regions/Countries, Actuarial, Reinsurance, Claims, and the wider Finance community
Supporting the monthly forecast and quarter close process
Ensuring accuracy and consistency of financials and KPIs across all regions, countries, and sub-products
Reviewing and validating/challenging actuarial loss picks and assumptions
Expense management and monitoring, transparency of expense drivers, and driving efficiencies across business teams
Supporting reinsurance strategy optimization and annual renewals, including the allocation of costs to regions & countries

Skills

Financial Planning

Budgeting

Forecasting

KPI Analysis

Actuarial Analysis

Reinsurance

Claims Analysis

Expense Management

Profitability Analysis

Strategic Planning

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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