Financial Analyst at AIG

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, FinanceIndustries

Requirements

At least 3 years of accounting or finance experience
BA degree or equivalent
Strong written and oral communication skills
Superior organizational skills and ability to multitask to meet competing deadlines
Financial statement analysis experience
Experience in forecasting and modelling and knowledge of business performance metrics
Highly motivated and results-oriented
Strong analytical skills
Experience working with diverse cultures across US regions
Ability to manage a broad range of stakeholders
Insurance or financial services experience preferred
Programming language (SQL, Python etc) preferred

Responsibilities

Produce monthly KPI’s and perform analysis on Lexington’s premium performance across various Business Units
Prepare quarterly KPI’s and other reporting deliverables for the quarter close reporting process, including preparation and reporting on Actual, Forecast, and Budget
Assist with the Lexington Budget and Forecasting processes
Support P&L analysis for Actuals, Budget and Forecast (Premium, Losses, Expenses, etc)
Help streamline and standardize reports across Lexington and Retail Property
Preparation of PowerPoint presentations and analytics for senior management (Quarterly Business Reviews, Monthly Management Letter, Budget Reviews)
Monitor Reinsurance Coding’s and co-ordinate with the business and operations as needed
Assist in creating value add management reports for senior business leadership
Assist in supporting a portfolio business unit, and develop the skills to take lead on a portfolio business unit within 12-18 months
Support industry research and competitive analysis
Coordinate with Actuarial, Operations, Expense, and Reinsurance teams on an as needed basis
Be a Business Partner to the Lexington underwriting team, assisting the team with financial planning activities, quarterly closings, business reviews, various ad-hoc analysis and management information
Assist the business in identifying opportunities to improve profitability
Achieve improvements in our operating model to optimize efficiency and expenses
Use technology and tools where appropriate to reduce manual activities and improve quality, timeliness, and accuracy of business insights
Improve financial reporting by focusing on value accretive tasks and projects
Become a trusted member of the team and assist in building a solid bench for promotion
Enhance collaboration with Finance Operations, Global FP&A and Controllers to further standardize our financial reporting and earnings materials

Skills

Financial Planning

Forecasting

Budgeting

KPI Analysis

Financial Reporting

Business Reviews

Ad-hoc Analysis

Profitability Analysis

Excel

Data Analysis

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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