Assistant Director, Office of Accounting Policy at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

At least 10 years of professional accounting experience
3 or more years managing a team
CPA required
Degree in accounting
Exposure to accounting standards including SEC Reporting, US GAAP, and Statutory Accounting
Experience analyzing and recommending appropriate strategies addressing technical accounting issues relating to mergers & acquisitions, dispositions, and complex business arrangements strongly preferred
Insurance industry required
History of delivering business results
Collaborative work style
Demonstrated ability to multi-task and drive projects to completion
Experience in a matrix work environment with competing priorities
Excellent verbal and written communication
Ability and experience to present to C-Suite executives
Ability to effectively communicate and summarize complex issues

Responsibilities

Support existing accounting policies and compliance with SEC, US GAAP and Statutory Accounting Principles and other accounting guidance where needed (i.e. IFRS)
Monitor developments in accounting guidance by the SEC, FASB, NAIC and other regulatory bodies to ensure that the Company is aware of any emerging or approved changes that will significantly impact the Company’s financial statements and related disclosures or business results
Analyze accounting standard updates as they are issued and assist in the implementation of new accounting standards
Establish guidelines and processes for the review and implementation of accounting policies
Provide consultation on significant business transactions (e.g., mergers and acquisitions, dispositions, asset sales, and joint ventures), accounting structure review and recommendations, and key accounting, reporting and internal control matters
Participate in the preparation or review of technical accounting memos supporting significant accounting transactions
Provide guidance and collaboration to the SEC and statutory reporting teams on the interpretation of disclosure requirements in preparation of the Forms 10-K/10-Q and statutory financial statements
Set standards and offer direction to multiple functional areas throughout the organization, including Finance, Investor Relations and other internal stakeholders on technical accounting matters
Lead or participate in other special projects as needed

Skills

US GAAP

Statutory Accounting Principles

SEC Reporting

IFRS

FASB

NAIC

Technical Accounting Memos

Mergers and Acquisitions

Accounting Policy Implementation

Financial Disclosures

Internal Controls

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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