Investment Accounting Senior Analyst

American International Group; New York (NY); Hybrid; USD 87,000 - 109,000; Full time

Benefits offered by this job

Competitive benefits

Total Rewards Program

In-office collaboration

Job summary

American International Group (AIG) is seeking to fill a role in Corporate Finance - Investment Accounting to manage monthly and quarterly close for invested assets and assist with disclosures. You will work with global entities, ensuring accurate recording and analysis of investments and related journal entries.

The role emphasizes GAAP proficiency, strong Excel skills, and collaboration with multiple locations. AIG offers competitive benefits and a comprehensive rewards program.

Qualifications

• Bachelor’s degree in accounting or finance required.
• Strong analytical skills with experience in investment data analysis.
• Proficient in Excel (pivot tables, formulas) for investment data.
• Knowledge of GAAP and investments-related journal entries.
• Experience with foreign currency remeasurement/translation.

Responsibilities

• Execute and manage monthly/quarterly accounting close for invested assets.
• Prepare investment disclosures for 10Q/K and Financial Supplement.
• Assist with process improvements and new systems within the department.
• Serve as primary contact for various business unit controllers.
• Coordinate with organization to understand new investment transactions and ensure correct accounting in ledgers.
• Perform ad-hoc analytical requests.

Skills

Analytical skills

Excel expertise

Collaboration

Attention to detail

Communication

GAAP knowledge

Foreign currency translation

Education

Bachelor’s degree in accounting or finance

Tools

Microsoft Excel

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. 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 AIG’s 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

• Bachelor’s degree in accounting or finance
• At least 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 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, and other external and internal audiences
• Computer proficiency with a strong working knowledge of Microsoft Office, database experience a plus
• For positions based in New York, the base salary range is $87,000-$109,000.
• For positions based in Connecticut, the base salary range is $87,000-$109,000.
• For positions based in New Jersey, the base salary range is $88,000-$110,000.
• The position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Your actual compensation will be dependent on your skills, experience, and qualifications.

In addition, we’re 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 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 inclusion 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 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 [e-mail].

Functional Area: FA - Finance AIG Employee Services, Inc.

As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Join our Talent Community.

Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.