Assistant Director Investment Accounting Job at AIG in Wilton

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 AIG's Invested Assets portfolio comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial l oans and equity securities. The team is also responsible for accounting and reporting AIGs derivative portfolio.

The Investment Accounting groups specific responsibilities include reconciliation of transactional data from various sub-ledgers to the general ledger and ultimately AIG's 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 across all entities

+ Support the review and 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

+ 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

+ Key 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

+ 10+ years experience in accounting and reporting for investment products (fixed income, alternative investments, CML, or derivatives ideal)

+ Deep understanding of investment products and accounting treatment for fixed maturity, equity, and other investment products

+ Prior Big four experience in investment related audit roles a strong plus

+ Strong knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entries

+ Strong knowledge of statutory reporting gained in part by preparation of statutory reporting schedules

+ Experience with foreign currency remeasurement and translation

+ Experience reviewing work papers supporting disclosures

+ Experience with PAM/Aladdin

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 candidatecare@aig.com .

Functional Area:

FA - Finance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Employee Services, Inc.