Manager, Investment Accounting

Skip to main contentEnglishSign InManager, Investment Accounting page is loadedManager, Investment AccountingApplylocationsNJ-ParsippanyNY-New YorkCT-Wiltontime typeFull timeposted onPosted 30+ Days Agojob requisition idJR2504721Who 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 across all entitiesSupport the review and 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&ASupport the review and preparation of NAIC statutory reporting and other regulatory reporting requirementsLead the implementation of process improvements, in coordination with other areas of the department/organizationKey point 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 finance7+ years’ experience in accounting and reporting for investment productsStrong understanding of investment products and accounting treatment for fixed maturity, equity, and other investment productsStrong knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entriesStrong knowledge of statutory reporting gained in part by preparation of statutory reporting schedulesExperience with foreign currency remeasurement and translationExcellent analytical skills, including experience performing investment data analysis including commentaryExperience reviewing work papers supporting disclosuresHigh level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data, review investment data and perform analysisAbility to work collaboratively with teams in multiple locationsAbility to balance multiple projects at once, to prioritize appropriately, and...