Who we are
AIG Inc. is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the worlds most far-reaching property casualty networks. AIG Inc. (AIG) offers a broad range of products to customers through a diversified multichannel distribution network. Customers value AIGs strong capital position extensive risk management and claims experience and its ability to be a market leader in critical lines of the insurance business.
Corporate Finance - Investment Accounting
The Investment Accounting group at AIG is responsible for the accounting and reporting for AIGs Invested Assets of over $95 billion a comprised primarily of fixed maturity securities and includes private equity hedge funds commercial/residential loans and equity addition AIGs derivative portfolio consists primarily of foreign exchange derivatives but also includes interest rate and other derivative instruments.
The Investment Accounting groups specific responsibilities include reconciliation of transactional data from various sub-ledgers to the general ledger and ultimately AIGs financial statements as well as all related external reporting for investments (10Q/K Financial Supplement STAT Audited Financials Investment NAIC reporting and various government regulatory reports). AIG has multiple legal entities around the globe.
The team is also responsible for establishing the accounting for new transactions or new investment products implementation of new GAAP and STAT accounting standards as it relates to invested assets the implementation of new accounting systems as it relates to invested assets and management of the risks controls and AIG audit as it relates to investments and supporting Investment FP&A.
Responsibilities
Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIGs invested assets data of certain international entities
Support the preparation of certain Investment disclosures for AIG 10Q/K and Financial Supplement including as appropriate the Investment Lending Fair Value VIE Footnotes and Investment MD&A
Assist with the implementation of process improvements and new systems in coordination with other areas of the department/organization
Point of contact and support for the various business unit and corporate controllers
Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the AIG ledgers
Perform ad-hoc analytical requests
Requirements
Bachelors degree in accounting or finance
2 to 3 years experience in accounting and reporting for investment products
Understanding of investment products and accounting treatment for fixed maturity equity cash equivalent and alternative investments
Working knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entries
Experience with foreign currency remeasurement and translation
Strong analytical skills including experience performing investment data analysis including commentary
High level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data and perform analysis
Ability to work collaboratively with teams in multiple locations
Ability to balance multiple projects at once to prioritize appropriately and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment
Team-player mindset geared towards process improvements and the implementation of accounting controls to ensure consistency and data quality of the teams financial output
High level of motivation and initiative ability to work independently including strong organizational skills
Comfort level working within a dynamic and complex organizational structure
Excellent interpersonal skills with ability to maintain relationships at all levels within the organization
Strong written and verbal communication skills; ability to communicate effectively with staff peers and other external and internal audiences
Computer proficiency with a strong working knowledge of Microsoft Office database experience a plus
The base salary range for this position is $87000-$109000. In addition the position is eligible for a bonus in accordance with the terms of the applicable incentive addition were proud to offer a range of competitive benefits a summary of which can be viewed here: US Benefits
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 whats 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 securityas well as your professional developmentto 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 worlds 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 inclusion
Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through 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 AIGs 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 .
Functional Area:
Required Experience:
Senior IC