Investment Accounting Position At AIG
AIG, Inc. is a leading provider of insurance products and services for commercial and personal insurance customers. The investment accounting group at AIG is responsible for the accounting and reporting for AIG's Invested Assets of over $95 billion. The team is responsible for establishing the accounting for new transactions or new investment products, implementation of new accounting standards, and management of the risks, controls and audit as it relates to investments.
Responsibilities
- Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIG's invested assets data across all entities
- Support the review and preparation of certain investment disclosures for AIG 10Q / K and Financial Supplement
- Support the review and preparation of NAIC statutory reporting and other regulatory reporting requirements
- Lead the implementation of process improvements, in coordination with other areas of the department / organization
- 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
Bachelor's degree in accounting or finance7+ years' experience in accounting and reporting for investment productsStrong understanding of investment products and accounting treatment for fixed maturity, equity, and other investment productsStrong knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entriesStrong knowledge of statutory reporting gained in part by preparation of statutory reporting schedulesExperience with foreign currency remeasurement and translationExcellent analytical skills, including experience performing investment data analysis including commentaryExperience reviewing work papers supporting disclosuresHigh level of competency using Microsoft Excel including pivot tables and formulas to create / manage investment data, review investment data and perform analysisAbility to work collaboratively with teams in multiple locationsAbility 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 environmentTeam-player mindset geared towards process improvements and the implementation of accounting controls to ensure consistency and data quality of the team's financial outputHigh level of motivation and initiative, ability to work independently, including strong organizational skillsComfort level working within a dynamic and complex organizational structureExcellent interpersonal skills with ability to maintain relationships at all levels within the organizationStrong written and verbal communication skills; ability to communicate effectively with staff, peers, senior management and other external and internal audiencesComputer proficiency with a strong working knowledge of Microsoft Office, database experience a plusExperience with PAM / Aladdin a plus