AIG | Investment Accounting Senior Analyst

Responsibilities

• 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.
• 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.
• 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
• The position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
• 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&A.
• Assist with the implementation of process improvements and new systems, in coordination with other areas of the department/organization.
• 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
• Reimagining insurance to make a bigger difference to the world

Requirements

• 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.
• High level of motivation and initiative, ability to work independently, including strong organizational skills.
• 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, database experience a plus.
• We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals.

AIG

AIG is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "American International Group, Inc, (AIG), is a global insurance organization providing a range of insurance and other financial services."

Its finance, accounts, audit and tax openings in India are mostly in Ny-New York, Ct-Wilton, Vt-Burlington and In-Jeffersonville.

• Industry: BFSI / Investments / Insurance