Manager of Capital Management

Benefits

Additional Information

AIG Canada has launched careers and developed future leaders for 60 years. At AIG, we are reimagining the way we help customers to manage risk. Join us as a Manager of Capital Management to make more of your specialist expertise and experience. Make your mark in Finance Our finance professionals play an essential role in maintaining a healthy balance sheet at AIG. They deliver significant finance support for the overall enterprise, optimizing operations, funding and capital structure to honor our commitments to our stakeholders. They inform the decisions of AIG executives and comply with regulatory requirements, maintaining financial discipline, transparency and controls, while providing timely and meaningful information. Within the Finance team, the Capital & Treasury group manages capital planning, statutory reporting on IFRS 17 Basis, cash management and treasury functions, and provides support to financial reporting and business teams. We are looking to hire a core team member of AIG Canada's Capital & Treasury team who will report to the Director of Capital and Treasury. How you will create an impact: [1] Capital Management Develop and execute capital and dividend plan and closely monitor company's solvency positions through quarterly income statement and balance sheet forecast using IFRS 17 basis (including conversion from USGAAP to IFRS) Collaborate with FP&A to build quarterly Canadian statutory 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. [2] Financial Reporting and Business Support 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. [3] Cash Management & Treasury Manage day to day cash activities and manage risks under Global Treasury Operations strategy and policy. Lead Accounts Payable Team to support business. Managing 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. Coordination 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. What you'll need to succeed: Minimum of 4 or more years relevant experience within the financial services sector, experience in a Property and Casualty insurance company a plus; Hands on experience with IFRS 17 ideally in Property and Casualty insurance industry BA in Accounting and Finance degree required; CPA 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. Ready to step up to new challenges? We would love to hear from you. For positions based in Ontario, the base salary range is $105,600 - $132,000 and 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: Canada Benefits Overview This posting is for an existing vacancy. #LI-PA1 #capitalmanagement #propertyandcasualtyaccounting At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike. Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your