Assistant Manager, Statistical Reporting at AIG

Parsippany, New Jersey, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property & Casualty InsuranceIndustries

Requirements

Bachelor’s degree in accounting
5+ years of progressive experience in finance roles (controlling, analytics, financial reporting) in the Property & Casualty insurance industry
Strong technical accounting experience with P&C insurance companies, with an ability to connect business and accounting outcomes through reported financial results
Strong operational controllership experience in an NAIC Statutory reporting environment
Strong interpersonal skills and an ability to communicate and collaborate effectively with individuals across Finance and operational disciplines towards a common purpose
Strong attention to detail, where accuracy and precision are critical to success
Comfortable operating in a dynamic, transformational environment, where change is embraced and viewed as an opportunity for one’s own professional development and to drive process improvement for the team and broader organization

Responsibilities

Serve as both preparer and as primary reviewer across a broad spectrum of statutory financial reporting deliverables incorporated into quarterly/annual statement filings and beyond, including comprehensive exhibits related to premiums and losses reported at line of business and risk location
Support refinement of design and ongoing execution of analytics covering all financial reporting deliverables
Execution of critical internal control activities central to the quarterly/annual close, including reviews of analyses, reconciliations and other outputs prepared by offshore staff
Develop and then deploy an advanced knowledge of AIG’s reporting systems to respond to ad hoc requests for analysis; think critically about how to anticipate future requests and industrialize process to support efficient delivery
Provide timely input in response to state, rating agency, and analyst inquiries regarding reported results with assistance from various internal stakeholders
Support and contribute to projects and workstreams associated with changes in reporting requirements and company-wide change initiatives

Skills

Key technologies and capabilities for this role

statutory financial reportingP&C insuranceanalyticsinternal controlsreconciliationsfinancial reportingaccountingpremiums reportinglosses reporting

Questions & Answers

Common questions about this position

What is the salary range for the Assistant Manager, Statistical Reporting position?

The base salary range is $109,000-$136,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

Is this role remote or does it require office presence?

The role requires primarily in-office presence, as AIG values in-person collaboration as a vital part of its culture.

What are the key skills required for this position?

Candidates need 5+ years of progressive experience in finance roles in the Property & Casualty insurance industry, strong technical accounting experience with P&C insurance companies, strong operational controllership in NAIC Statutory reporting, strong interpersonal skills, and comfort in a dynamic environment.

What is the company culture like at AIG for this role?

AIG values in-person collaboration as a vital part of its culture and operates in a dynamic, transformational environment where change is embraced as an opportunity for professional development and process improvement.

What makes a strong candidate for this Assistant Manager role?

A strong candidate will have P&C insurance experience, core skills in statutory financial reporting and analytics, a Bachelor’s degree in accounting, and the ability to partner across teams in a complex environment.

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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