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Senior Manager - Expense Accounting

Functional Area:
FA - Finance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company
Position Summary
Fortitude Re: In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or capital redeployment, with potential near-term reductions in book value. The launch of the Fortitude Re entity in 2017 (formally DSA Re) was an important early step in achieving that objective. AIG continued the Fortitude Re strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for Fortitude Re. Fortitude Re currently reinsures $36 billion of AIG's Legacy Life and Annuity and General Insurance liabilities. Fortitude Re's diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build Fortitude Re into a standalone platform with financial strength that complements its strategically differentiated capabilities.
Position will be a key leader in the Controllership team with responsibility for General Operating Expense (GOE) accounting associated with Fortitude Re and affiliated entities. The incumbent will be responsible for the accounting and review of monthly and quarterly expense data. This data includes all direct and non-direct expenses of Fortitude Re, two third party administrators, a service company and holding company. Additionally, this role will interface with others in Fortitude Re and AIG. The incumbent must have advanced Excel skills and be able to maintain and modify spreadsheets used for reconciliation, analysis and reporting. The key to success in this position is being proactive, detail oriented, focused on identifying opportunities to improve the existing process, willing to share ideas and recommendations, plus exhibiting exceptional communication and organizational skills.
Organization Structure and Interfaces
The position reports to the Deputy CFO for Fortitude RE. This position works closely with local finance teams including others in Controllership, FP&A and Expense Management.
Responsibilities:
Manage a team of 4 professionals with responsibility for GOE, intercompany accounting and payroll.
Use SAP general ledger, BPC, Microsoft Excel and Microsoft PowerPoint to generate monthly reconciliations, trend reports, effective management reports and analysis. Research trends and variances, communicate with appropriate staff to resolve issues and escalate issues when assistance is needed.
Meet all reporting deadline due dates and requirements set by AIG management or external constituencies. Reports should include valid and complete financial data, supported by appropriate documentation and agreement to the ledger systems as applicable. Respond to ad hoc reporting requests as needed.
Identify process improvement opportunities to automate and streamline workflow, increase efficiency and transparency and strengthen controls to ensure the accuracy of data, developing greater opportunities to provide management with actionable analytics.
Gain an understanding of GAAP and statutory accounting principles, to be able to provide critical analysis of results and variances. Learn about market, industry and economic factors that drive the business and financial results. Develop relationships with members of other departments to facilitate resolution of issues and stay informed of potential future issues.
The Ideal Candidate Will Have
6 to 8 years accounting and analysis experience required. Insurance or financial services industry experience is preferred.
Bachelor's degree in accounting and CPA certification or qualified candidacy is preferred.
Ability to analyze data and research accounting and financial issues.
Strong communication skills enabling them to work effectively in person, on the phone and via email with other departments to resolve complex issues.
Ability to work effectively with minimal supervision. Technical expertise must include strong knowledge of Excel, accounting and general ledger systems. The ability to work in a fast-paced multi-company, multi-systems environment with regular deadlines is the key to success.
Experience working in a mid-to-large company environment is preferred.
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.


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