Manager, Investment Accounting

External

Aig · Parsippany, NJ

$105K–$148K/yrFull-timeOn-siteToday

Data AnalysisExcelRisk Management

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About the role

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.

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 $105,000-$148,000. For positions based in New Jersey, the base salary range is $99,000-$143,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition

Manager, Investment Accounting

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