Assistant Director, Office of Accounting Policy

Assistant Director, Accounting Policy

Grade 23

The individual in this role will be responsible for supporting the Accounting Policy function, primarily related to our General Insurance (Property & Casualty) reporting segments.  The role will focus on compliance with US GAAP,  Statutory Accounting Principles, SEC requirements, and other regulatory global accounting standards and principles.  This individual will be responsible for providing consultation on significant business transactions by identifying and addressing accounting and reporting policy issues as well as transaction related accounting activities.   This individual will participate in the implementation of new standards.  As a key resource in the global accounting policy department this individual will provide deep technical and subject matter expertise.

Responsibilities 

• Support existing accounting policies and compliance with SEC, US GAAP and Statutory Accounting Principles and other accounting guidance where needed (i.e. IFRS).  

• Monitor developments in accounting guidance by the SEC, FASB, NAIC and other regulatory bodies to ensure that the Company is aware of any emerging or approved changes that will significantly impact the Company’s financial statements and related disclosures or business results.

• Analyze accounting standard updates as they are issued and assist in the implementation of new accounting standards.  Establish guidelines and processes for the review and implementation of accounting policies.

• Provide consultation on significant business transactions (e.g., mergers and acquisitions, dispositions, asset sales, and joint ventures), accounting structure review and recommendations, and key accounting, reporting and internal control matters.

• Participate in the preparation or review of technical accounting memos supporting significant accounting transactions

• Provide guidance and collaboration to the SEC and statutory reporting teams on the interpretation of disclosure requirements in preparation of the Forms 10-K/10-Q and statutory financial statements.

• Set standards and offer direction to multiple functional areas throughout the organization, including Finance, Investor Relations and other internal stakeholders on technical accounting matters

• Lead or participate in other special projects as needed

Qualifications

• At least 10   years of professional accounting experience. 

• 3 or more years managing a team

• CPA required

• Degree in accounting

•  Exposure to accounting standards including SEC Reporting, US GAAP, and Statutory Accounting

• Experience analyzing and recommending appropriate strategies addressing technical accounting issues relating to mergers & acquisitions, dispositions, and complex business arrangements strongly preferred.

• Insurance industry required

• History of delivering business results

Preferred Experience, Skills and Knowledge 

• Collaborative work style

• Demonstrated ability to multi-task and drive projects to completion

• Experience in a matrix work environment with competing priorities

• Excellent verbal and written communication

• Ability and experience to present to C-Suite executives

• Ability to effectively communicate and summarize  complex issues

The base salary range for this position is $137,000-$172,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

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