Head of Capital Management, Finance, South Korea

Head of Capital Management, Finance, South Korea

At AIG, we are reimagining the way we help customers to manage risk. For this purpose, you are respected for your deep technical expertise and ability to oversee all aspects of financial information and risk circumstances. Join us as a Head of Capital Management to play your roles and responsibilities in Finance, AIG Korea.

Make your mark in Finance

One of the Finance roles, capital management is an essential role in managing adequate level of capital position at AIG. It delivers financial strategy aimed at ensuring maximum efficiency in financial resources and increase earnings. It revolves around carefully analyzing company assets and liabilities and managing risk capitals with a good understanding regulatory requirements and insight into financial markets. In terms of K-ICS, the new solvency regime, it is required to have a more sophisticated calculation, analysis, and strategic decision making to be in line with the company’s capital management strategy.

You balance the needs of multiple stakeholders including external auditors and regulators. You will be able to support the CFO and the company’s senior management by providing insightful financial information in a prompt manner. Moreover, you will be the spearhead of properly managing a company’s solvency position and calculating/maintaining overall RAAS quantitative indicators.

Key Responsibilities:

• Calculation and Analysis of PAP balance sheet items and the solvency ratio
• Establishment of capital management strategy including dividend planning /capital injection
• Set-up of operating capital ranges
• Projection of solvency ratio including PAP BS
• Coordination and response to the K-ICS audit (external accounting firm, regulators)
• K-ICS system stabilization and management
• Calculation and Analysis of RAAS quantitative indicators
• Preparation of disclosure and regulatory reports related to K-ICS and RAAS quantitative indicators
• Good communication and collaboration with internal stakeholders

Key Capabilities:

• High responsibility for accuracy and being careful attention to details
• Professional understanding and analysis of solvency regime and IFRS17
• Strong analytical skills and proficient working knowledge of reporting systems
• Practical, hands-on problem-solving ability to complete tasks within the established deadlines
• Effective communication skills to collaborate with internal and external stakeholders
• Proficiency  in written and spoken English is a plus

Key Experience:

• 10+ years of experience in the insurance industry and 5+ years of experience in solvency management (K-ICS related experience is required.)
• Work experience in ALM or IFRS17 preferred
• Certificates of FRM/Actuary preferred
• Fluent English skills preferred

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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 professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

Functional Area:

FA - Finance

AIG Korea Inc. (South Korea)