Manager Of Financial Reporting

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

Corporate operations provide a wide range of services to the organization such as finance, internal audit, communications, security and human resources.

About the role

Our finance professionals play an essential role in maintaining a healthy balance sheet at AIG. They deliver significant finance support for the overall enterprise, optimizing operations, funding and capital structure to honor our commitments to our stakeholders. They inform the decisions of AIG executives and comply with regulatory requirements, maintaining financial discipline, transparency and controls, while providing timely and meaningful information.

Within the Finance team, the Controllership group manages the financial close process on both a USGAAP and IFRS basis.  The team is responsible for internal and external financial reporting and audits including quarterly submissions to our regulators and various governing bodies. 

We are looking to hire a core team member of AIG Canada’s Controllership team responsible for internal and external financial reporting.

What you need to know:

• Support preparation of annual audited financials and notes disclosures.
• IFRS 17 System Implementation and BAU Operationalization.
• Review and perform oversight on foreign exchange (FX) re-measurement and translation results and deep dive for FX related analysis and problem resolution when required.
• Review and monitor IBNR HUB postings/results.
• Review/approve journal entries prepared by Team.
• Provide support in addressing audit queries relating to Financial Reporting.
• Others Ad hoc projects and remediation initiatives when required.
• Review financial statements for Holding Company- prepared for tax provisions as standalone legal entity.
• Local Canadian Statutory (IFRS) Close.
• US GAAP Close.
• Manage tie-ins of underwriting related balance sheet and P&L measures.
• Generate Legal Entity P&L for internal management reporting.
• Review statistical P&C return pages on by line of business/province/accident year splits plus certain local solvency test calculations prepared by Finance Centre Team (Team) for quarterly and annual filings to federal and provincial regulators.
• Participate as AIG Canada team member in standing up the IFRS 17 calculation engine and building processes and controls for BAU operationalization for Controllership stream.
• Provide support in review of P&C return pages filed with regulators.
• Provide guidance and review deliverables from Team on specialty product lines – Warranty, Expedia Travel, Self-Insured Retention/High Deductible.
• Review filings to respective Statistical agencies.
• Prepare specific sections of the audited notes disclosures.
• Review Balance Sheet reconciliations in the Blackline system.
• External Audit by PwC.
• Prepare Legal Entity variance analysis – for balance sheet, income statement and loss ratio walks.

What we’re looking for:

• Proven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environment.
• Proven level of relevant accounting and financial reporting experience. Insurance accounting experience preferred.
• Effective team player.
• Strong analytical, planning and organization skills.
• Professional accounting designation preferred.
• Excellent PC spreadsheet skills (Excel)
• Supervisory experience preferred .
• Strong communication skills (both written & oral) and interpersonal skills to effectively work with different departments.

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected].   Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

FA - Finance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Insurance Company of Canada