FP&A Expense Management Analyst

Functional Area:
OP - Operations
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
American General Life Insurance Company
FP&A Expense Management Analyst
Your future team
Fortitude Re: In 2018, AIG and The Carlyle Group partnered to create and build a group of companies offering reinsurance and third-party administration services to both the Life and P&C industries. Joining Fortitude Re offers an opportunity to be part of a start-up company, but with the financial security of having $40B in assets on our balance sheet. Fortitude Re's diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build Fortitude Re into a standalone platform with financial strength that complements its strategically differentiated capabilities.
The short-term priority will be to de-consolidate from AIG - providing a blank canvas to choose new systems, new processes, building the foundation for future business growth. As a part of this start up organization, you will have an opportunity to influence the future success of the company as well as your own career growth..
Becoming a part of the Expense Management Team is an opportunity to join the heart of Fortitude Re - you will learn and be connected to all parts of the company, including understanding strategic decisions and their impact on our expense base. Our initial focus will be on managing run-off segments of business, in which managing expenses is a critical lever to developing a more profitable business.
Your contribution at AIG/Fortitude Re
In this newly created position, you will play a key role in supporting the creation of the FP&A Expense Management function for the Fortitude Re Holdings portfolio of legal entities with a focus on budgeting and management reporting. Understanding business results and the "why" behind the numbers will be critical to success in this role.
Responsibilities Include:
Support the creation of new processes for the Fortitude Expense Management team and our stakeholders as we build them for the first time; created processes should be guided by Lean Six Sigma principles
Provide inputs and help to choose the tools the Fortitude Expense Management team will use to perform the processes built
Become experts on the tool(s) to be able to efficiently execute the responsibilities of your role, but also to be able to train others. Be able to conduct training sessions with senior management to enable us to deliver the "self-service" model we envisage
Perform the operational, recurring processes created using the tools selected efficiently and with minimal errors; track performance of processes using KPIs
Partner with the business and deeply understand the expense numbers - what's the story behind the numbers? What opportunities do we have to cut expenses? What's the trade-off? Where should we be investing and spending more? Why? What risks do we have against meeting our targets and how can we mitigate them? What do we need to do to better integrate our business strategies into our numbers?
Pro-actively seek out opportunities to contribute to Fortitude in areas beyond the FP&A Expense Management team. Identify areas of interest and work with your manager to have a portion of your time learning about and delivering in that area. Within the first quarter of joining Fortitude, be able to articulate a 2 and 5 year 'ideal' career path.
What we are looking for
Bachelor's degree - Engineering/Math/Economics majors preferred.
1-3 years of relevant experience and demonstrated record of exceeding expectations.
Advanced Excel and PowerPoint skills a must. Proficiency with SAP Cloud Analytics, computer programming, SDLC, program management methodologies/tools preferred.
Start-up and/or venture capital experience is highly desired.
Keys to success in this role will be 1) quick learner 2) Attention to detail 3) Adaptability/Open-mindedness 4) articulate/presentation skills.
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.
At AIG, 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.

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