Investment Accounting Senior Analyst

Who we areAIG, 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&AAssist with the implementation of process improvements and new systems, in coordination with other areas of the department/organizationPoint 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;…