Investment Accounting Senior Analyst at AIG

Parsippany, New Jersey, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Bachelor’s degree in accounting or finance
2 to 3 years’ experience in accounting and reporting for investment products
Understanding of investment products and accounting treatment for fixed maturity, equity, cash equivalent and alternative investments
Working knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entries
Experience with foreign currency remeasurement and translation
Strong analytical skills, including experience performing investment data analysis including commentary
High level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data and perform analysis
Ability to work collaboratively with teams in multiple locations
Ability to balance multiple projects at once, to prioritize appropriately, and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment
Team-player mindset geared towards process improvements and the implementation of accounting controls to ensure consistency and data quality of the team’s financial output
High level of motivation and initiative, ability to work independently, including strong organizational skills
Comfort level working with (incomplete, but as stated)

Responsibilities

Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIG’s invested assets data of certain international entities
Support the preparation of certain Investment disclosures for AIG 10Q/K and Financial Supplement, including as appropriate the Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A
Assist with the implementation of process improvements and new systems, in coordination with other areas of the department/organization
Point of contact and support for the various business unit and corporate controllers
Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the AIG ledgers
Perform ad-hoc analytical requests

Skills

Key technologies and capabilities for this role

Investment AccountingGAAPSTATFinancial ReportingGeneral Ledger ReconciliationNAIC ReportingDerivatives AccountingFixed Income SecuritiesPrivate EquityHedge FundsRisk ManagementInternal ControlsMonthly CloseQuarterly Close

Questions & Answers

Common questions about this position

What experience is required for the Investment Accounting Senior Analyst role?

Candidates need a Bachelor’s degree in accounting or finance, 2 to 3 years’ experience in accounting and reporting for investment products, and understanding of investment products and accounting treatment for fixed maturity, equity, cash equivalent, and alternative investments.

What are the main responsibilities of this position?

Responsibilities include executing monthly and quarterly accounting close for international entities' invested assets, supporting Investment disclosures for 10Q/K and Financial Supplement, assisting with process improvements and new systems, serving as point of contact for controllers, and handling new investment transactions.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What should I highlight in my application for this senior analyst role?

Highlight your Bachelor’s degree in accounting or finance, 2-3 years of experience in investment product accounting and reporting, and specific knowledge of accounting for fixed maturity, equity, cash equivalents, and alternative investments to demonstrate a strong fit.

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.

Land your dream remote job 3x faster with AI

Try Jobo Free