Investment Accounting, Manager

AIG; Wilton (CT); On-site; USD 110,000 - 140,000; Full time

Benefits offered by this job

Bonus eligibility

Job summary

AIG is seeking a skilled Investment Accounting professional to join the Corporate Finance - Investment Accounting team. You will oversee monthly and quarterly close, support disclosures for investments, and ensure compliance with GAAP and statutory reporting across multiple entities.

The ideal candidate has a Bachelor's degree in accounting or finance, 7+ years of experience in investment accounting, strong Excel skills, and the ability to collaborate across locations.

Qualifications

• Bachelor's degree in accounting or finance.
• 7+ years' experience in accounting and reporting for investment products.
• Strong GAAP knowledge and investment accounting experience.
• Experience with statutory reporting and external disclosures.

Responsibilities

• Execute and manage monthly and quarterly close for invested assets across entities.
• Support review and preparation of investment disclosures for 10-Q, K, and Financial Supplement.
• Assist NAIC statutory reporting and other regulatory requirements.
• Lead process improvements and provide guidance to business units.

Skills

Analytical skills

Communication skills

Team collaboration

Investment accounting understanding

Education

Bachelor's degree in accounting or finance

Tools

Excel ( Pivot tables )

PAM/Aladdin

Job description

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 world's 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 AIG's 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 of over $95 billion a comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial/residential loans and equity securities. In addition, AIG's derivative portfolio consists primarily of foreign exchange derivatives but also includes interest rate and other derivative instruments.

The Investment Accounting group's 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.

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, 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

• Bachelor's degree in accounting or finance
• 7+ years' experience in accounting and reporting for investment products
• Strong understanding of investment products and accounting treatment for fixed maturity, equity, and other investment products
• 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
• Excellent analytical skills, including experience performing investment data analysis including commentary
• Experience reviewing work papers supporting disclosures
• High level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data, review 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 team's 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, senior management and other external and internal audiences
• Computer proficiency with a strong working knowledge of Microsoft Office, database experience a plus
• Experience with PAM/Aladdin a plus

For positions based in New York, the base salary range is $112,000-$140,000. For positions based in New Jersey, the base salary range is $110,000-$138,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on