Assistant Iberian Controller at AIG

Lisbon, Lisbon, Portugal

AIG Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • Strong background in controllership and US GAAP
  • Experience in accounting policy interpretation and compliance, preparation of financial statements, and performing analysis of results
  • Knowledge of US GAAP (advantage), Spain GAAP, and IFRS GAAP (essential)
  • Well-developed analytical skills to review and analyze financial data, explain results to stakeholders, identify issues, and areas for improvement
  • Ability to monitor and maintain ledger quality efficiently and effectively
  • Able to work cohesively in a matrix structure
  • Ability to develop relationships across multiple geographies and backgrounds
  • Ability to deal with ambiguity and leverage relationships to meet deliverables in a timely manner
  • Post-graduate experience in a “Big 4” accounting firm and/or relevant corporate or business finance role in a complex, multinational corporation
  • Proven controllership experience within an insurance organisation preferred
  • Technical accounting expertise with understanding and interpretation of accounting policies under US GAAP and European GAAPs
  • Fluent English and good Portuguese/Spanish
  • Graduate Qualified Accountant or equivalent
  • Prior work experience in a multinational organisation with varied geographical locations and matrix reporting structure preferred

Responsibilities

  • Support the controllership process for the AIG Iberia Cluster
  • Support Cluster Controller in the timely and accurate reporting of US GAAP results for the cluster
  • Manage the communication of, and monitor adherence to, the periodic close calendar by Accenture and local finance teams
  • Execute on US GAAP advice, including ensuring accounting policy changes are implemented consistently
  • Ensure the quality of US GAAP ledger postings, including monitoring the consistent use of SAP code blocks and charts of accounts
  • Monitor and report progress and quality of balance sheet reconciliations for all entities in the branch
  • Act as a key contact in the support of the transformation of the Controlling teams to achieve increased data quality in the ledgers, reducing manual intervention through process consistency and effectiveness
  • Support the Iberian Controller for production of and support for queries for all Local GAAP regulatory reporting, local tax processes, and audit of same
  • Support in the coordination of the preparation of country statutory returns, including communication with local finance teams, outsourced professional service firm (EY), and Accenture
  • Serve as a contact point for External Audit (PWC), Actuarial, Risk, and Tax teams for all US GAAP controllership financial reporting topics and issues

Skills

USGAAP
IFRS
Spain GAAP
SAP
Financial Reporting
Balance Sheet Reconciliations
Accounting Policy
Regulatory Reporting
Ledger Postings
Tax Processes
Audit Support

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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