Accountant, Actuarial Financial Reporting at AIG

Wilton, Connecticut, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelors Degree in Accounting
5+ years of experience in finance roles (controlling, analytics, financial reporting) in the Property & Casualty industry
Strong operational and technical U.S. GAAP accounting experience with an ability to connect business and accounting outcomes through reported financial results
Strong problem-solving capabilities
Experience operating in a dynamic, transformational environment, where change is embraced and viewed as an opportunity to drive process improvement
Demonstrated strong business and financial acumen as well as advanced change management and project management skills
Excellent oral and written communication skills; particularly adept at bridging communication styles of actuaries and accountants
Demonstrated past success at creating or significantly upgrading the function and instilling a culture of continuous process improvement

Responsibilities

Ensure proper accounting and reporting of P&C loss reserve estimates, review of reconciliations and substantiation of general ledger balances vs. management best estimates established through the Actuarial governance process
Monitor and support where required the timely execution of SOX control execution with reserving actuaries
Support the Assistant Director, Actuarial Controllership, in delivery of detailed reporting and robust commentary and analysis
Support the Assistant Director, Actuarial Controllership, in producing required external disclosures related to P&C loss reserving methodologies, positions and actions taken, including MD&A and footnote disclosures within the AIG Form 10-Q/10-K, as well as US and other Statutory reporting and Global Schedule P
Take a leading role in ensuring the completeness and accuracy of audit packages produced to support 10-Q/10-K disclosures, adhering to deadlines and ensuring proper governance is adhered to
Continually transform and improve processes to reduce cycle time and improve accuracy by measuring key performance indicators for critical processes, establishing processes and eliminating defects, and simplifying and automating where possible
Support financial and actuarial transformation initiatives
Support and contribute to projects and workstreams associated with significant transactions and ad hoc activities

Skills

SOX Controls

Financial Reporting

Loss Reserves

General Ledger

Reconciliations

10-Q

10-K

MD&A

Statutory Reporting

Schedule P

Audit Packages

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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