Investment Accounting, Assistant Manager

About the role

The Investment Accounting group at AIG is responsible for the accounting and reporting for AIG's Invested Assets of over $95 billion, primarily consisting of fixed maturity securities and including private equity, hedge funds, commercial/residential loans, and equity securities. Key responsibilities include reconciling transactional data to the general ledger, preparing AIG's statement of cash flows for investments, and ensuring accurate financial reporting for investments, including 10Q/K, Financial Supplement, STAT Audited Financials, and Investment NAIC reporting.

Responsibilities

• Execute and support accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIG’s invested assets data.
• Prepare AIG’s statement of cash flows for investments.
• Prepare and support the preparation of certain Investment disclosures for AIG 10Q/K and Financial Supplement, including all Investment, Lending, Fair Value, VIE Footnotes, and Investment MD&A.
• Aid in new initiatives for process improvements and systems implementations, coordinating with other areas of the department/organization.
• Prepare annual investment related NAIC/STAT reporting exhibits, schedules, and disclosures.
• Point of contact and support for the various business units and corporate controllers.
• Cook up with various areas in the organization to develop an understanding of new investment transactions and provide guidance/support to ensure the accounting results from these investments are accurately recorded in the AIG ledgers across multiple bases (GAAP and Insurance Statutory).
• Support management with ad-hoc analytical requests.

Requirements

• Bachelor’s degree in accounting or finance; CPA a plus.
• 5+ years of investment accounting related experience preferred.
• Deep knowledge of financial instruments, including fixed income and equity securities, loans, alternative investments, and more.
• Knowledge of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets.
• Ability to work collaboratively with teams in multiple locations.
• Strong analytical and problem-solving 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.