Investment Accounting Senior Analyst

Skip to main contentEnglishSign InInvestment Accounting Senior Analyst page is loadedInvestment Accounting Senior AnalystApplylocationsNY-New YorkCT-WiltonNJ-Parsippanytime typeFull timeposted onPosted 30+ Days Agojob requisition idJR2600112Who 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 AccountingThe 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.ResponsibilitiesExecute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIG’s invested assets data of certain international entitiesSupport 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 controllersCoordinate 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 ledgersPerform ad-hoc analytical requestsRequirementsBachelor’s degree in accounting or financeAt least 3 years’ experience in accounting and reporting for investment productsUnderstanding of investment products and accounting treatment for fixed maturity, equity, cash equivalent and alternative investmentsWorking knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entriesExperience with foreign currency remeasurement and translationStrong analytical skills, including experience performing investment data analysis including commentaryHigh level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data and perform analysisAbility to work collaboratively with teams in multiple locationsAbility 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 environmentTeam-player mindset geared towards process improvements and the implementation of accounting controls...