Assistant Director, General Insurance US Controllership at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree in accounting and CPA preferred
15+ years of relevant professional experience, particularly leading teams in a controller capacity for a public P&C insurance company
Strong technical accounting experience with P&C insurance companies, including US GAAP and NAIC Stat, possessing a comprehensive understanding of inter-relationships between balance sheet and income statement
Industry business acumen along with a clear understanding and awareness of global macroeconomic and other relevant factors impacting the business that manifest in financial results
Systems-technical acumen, able to quickly grasp management reporting structures, understand a newly transformed finance architecture and financial reporting platform, and determine how to extract maximum value in execution of the financial close
Strong interpersonal skills and an ability to communicate and collaborate effectively with individuals across Finance and operational disciplines towards a common purpose; commercially oriented, carrying credibility with a business unit and segment CFO organization
Experience leading teams in a dynamic, transformational environment, where change is embraced and viewed as an opportunity to drive process improvement
Excellent oral and written communication skills, including presentation development and delivery to internal/external boards and executive management
Demonstrated past success at creating or significantly upgrading the function and instilling a culture of continuous improvement

Responsibilities

Lead the end-to-end legal entity financial close of multiple US legal entities and provide ongoing review and oversight of Controllership to ensure accuracy of financial statements and related disclosures (transaction processing, accruals, reconciliations, financial reporting)
Review significant accounting judgments produced by the Controllership; coordinate with various disciplines, including Insurance, Actuarial and Reinsurance accounting, to understand and validate appropriateness of other critical accounting estimates within results that have relevance to the legal entities
Develop and then deploy an advanced knowledge of AIG’s reporting systems to respond quickly to ad hoc requests for analysis from senior management; think critically about how to anticipate future requests and industrialize process to support efficient delivery
Preparation of decks, exhibits and supporting materials on a quarterly basis
Support, contribute and/or lead projects and workstreams associated with significant transactions and ad hoc activities, such as acquisitions, re-segmentations, capital transactions, etc. Ongoing partnership with Finance Operations teams to develop and drive enhancements to systems and reporting tools that promote efficiency in the close, global consistency in accounting and timely/robust analysis of outputs
Ensure timely and effective execution of all relevant internal controls supporting the legal entity financials, including systems and data governance, transactional controls, key reconciliations and analytical reviews
Mentor staff and support long term, strategic career development opportunities for the team
Foster a culture of continuous improvement, accountability to self and team

Skills

Key technologies and capabilities for this role

ControllershipFinancial ReportingFinancial CloseAccrualsReconciliationsInsurance AccountingReinsurance AccountingActuarialAd-hoc AnalysisCapital Transactions

Questions & Answers

Common questions about this position

What qualifications are required for this role?

Candidates need a Bachelor’s degree in accounting (CPA preferred), 15+ years of relevant professional experience leading teams in a controller capacity for a public P&C insurance company, and strong technical accounting experience with P&C insurance under US GAAP and NAIC Stat.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What does the company culture emphasize in this role?

The role involves mentoring staff, supporting long-term career development, and fostering a culture of continuous improvement and accountability to self and team.

What makes a strong candidate for this position?

A strong candidate has bedrock skills in controlling, analysis, and financial reporting in the insurance industry, particularly with P&C insurance, along with experience leading teams and a comprehensive understanding of balance sheet and income statement inter-relationships.

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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