Manager of Capital & Treasury, Canada at AIG

Toronto, Ontario, Canada

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, FinanceIndustries

Requirements

Minimum of 3 or more years relevant experience within the financial services sector, experience in a Property and Casualty insurance company a plus
BA in Accounting and Finance degree required
CPA/MBA/CFA preferred
FP&A experience is an asset
Highly proficient in use of Excel, Modelling tools and PowerPoint
Excellent communication skills, including verbal, written and presentation skills
Strong analytical abilities and excellent problem solving abilities
Strong organizational skills and ability to work to tight deadlines in a fast paced environment
Excellent time management skills with the ability to prioritize across multiple projects
Ability to build strong relationships with all levels of an organization and work independently

Responsibilities

Develop and execute capital and dividend plan and closely monitor company's solvency positions through quarterly forecast and stress testing
Collaborate with FP&A to build quarterly STAT plan/forecast based on PO Budget
Report Canada results to Corporate Capital Management quarterly and implement any strategic and optimization initiatives
Analyze capital efficiency opportunities such as reinsurance capital structure changes and investment strategies
Coordinate Internal AYSL annual pricing with Corporate Reinsurance
Work closely with CRO and ERM on stress test model update
Manage day to day cash activities and manage risks under Global Treasury Operations strategy and policy
Collaborate with GI Treasury on funding plans and execution to enhance enterprise cash and liquidity
Enhance cash flow forecast to streamline treasury operations to deliver more intelligence
Lead Accounts Payable Team to support business
Manage the offshore Team to bring it to the next level to support expense allocation and reporting, Intercompany reporting enhancement, incoming cash application and allocation, etc
Coordinate with local bank to resolve exceptions on banking activities
Support implementation of global payment governance and global end-to-end payments in Canada
Provide treasury related guidance to cross-functional teams such as Tax, Claims and Operations and assist in project related to payment, infrastructure, banking setups and process improvements
Support local IFRS 17 solutions to close STAT filing quarterly
Conduct annual Earthquake Filing to OSFI
Support Actuary on annual Financial Condition Test (FCT)
Review and approve the GL account reconciliations in Blackline
Work closely with Corporate Accounting Team on planning and execution of closing activities
Provide support to Canada CFO on new initiatives and business supports

Skills

Key technologies and capabilities for this role

Capital ManagementTreasuryCash ManagementSolvency AnalysisStress TestingFinancial ForecastingSTAT PlanningDividend PlanningReinsuranceLiquidity ManagementFP&AERMFinancial Reporting

Questions & Answers

Common questions about this position

What does the Manager of Capital & Treasury role at AIG Canada involve?

The role involves capital management such as developing capital and dividend plans, monitoring solvency, and analyzing efficiency opportunities; cash management including day-to-day cash activities, funding plans, and leading the Accounts Payable Team; and financial reporting support like IFRS 17 solutions and GL reconciliations.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

Who does the Manager of Capital & Treasury report to?

The role reports to the Director of Capital and Treasury as a core team member of AIG Canada’s Capital & Treasury team.

What experience makes a strong candidate for this position?

Strong candidates will have expertise in capital planning, solvency monitoring, cash management, treasury operations, financial reporting, and leading teams, with the ability to collaborate across FP&A, Actuary, CRO, and corporate teams.

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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