Assistant Manager Investment Accounting


: $162,550.00 - $162,550.00 /year *

Employment Type

: Full-Time


: Accounting

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Functional Area:

FA - Finance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Employee Services, Inc.

Your new team

The Investment Accounting group at AIG is responsible for the accounting and reporting for AIG's Invested Assets, which totals approximately $335 billion comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial/residential loans and equity securities. The team's specific responsibilities include reconciliation of transactional data from various sub-ledgers (Clearwater, Investran, and LMS) to the general ledger and ultimately AIG's financial statements as well as all related external reporting for investments (10Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new GAAP and STAT accounting standards as it relates to invested assets, establishing the accounting for new transactions or new investment types and management of the risks, controls and AIG audit as it relates to investments and Investment FP&A.

Your contribution at AIG

* Responsible for invested asset accounting, reporting and reconciliations for the Fortitude Re subsidiary of AIG, which includes the monthly close and ledger reconciliation for invested assets, primarily fixed income and equity securities on a GAAP basis and the funds withheld assets.
* Direct point of contact for the Fortitude Re Controller on investment results and analytics.
* Preparation of invested assets reports used in the reinsurance settlement process.
* Review of quarterly NAIC STAT reporting for invested assets produced by Clearwater.
* Preparation of quarterly NAIC STAT Investment footnotes and annual statement investment interrogatories.

What we are looking for

* Bachelors Degree in Accounting or Finance.
* 5-7 years experience in Accounting for Investments.
* Knowledge of Fixed Income and Equity Securities.
* Knowledge of investment systems.
* Experience with SAP general ledger, or similar.
* Knowledge of GAAP accounting pronouncements, US GAAP and US STAT disclosure and reporting requirements.
* High level of initiative, ability to work independently.
* Ability to balance multiple projects at once, to prioritize appropriately, and to produce results under tight time constraints.
* Excellent interpersonal skills with ability to maintain relationships at all levels within the organization.
* Ability to communicate effectively with peers and managers.
* Computer proficiency with a strong working knowledge of Microsoft Office.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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