Job Information
AIG Director of Financial Reporting in Toronto, Canada
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Director of Financial Reporting, to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Make your mark in Finance
Our Finance team plays an essential role in maintaining a healthy balance sheet at AIG. It delivers significant finance support for the overall enterprise, optimizing operations, controllership, funding, and capital structure to honor our stakeholder commitments. The team’s work is invaluable to informing leadership decision making, complying with regulatory requirements, and maintaining financial discipline, transparency and controls, while providing timely and meaningful information.
This role will be a senior member of AIG Canada’s Controllership team and will have direct responsibility for preparing, reporting, and analyzing regulatory financial performance results for AIG Canada, as well as identifying and explaining any emerging trends that impact regulatory reporting requirements. In addition, the role will also be responsible in working closely with the CFO in preparing various Board and Audit Committee reports, as well as attending and preparing materials related to the Investment Committee and the reporting and variance analysis of capital. Additionally, the incumbent will be a critical member of the implementation team and a subject matter expert in the implementation of new IFRS standards, including the operationalization and roll out of IFRS 17 and IFRS 9. The role will assist the Head of the Controllership team, AVP Finance/Controller, in overseeing the day-to-day activities of the offshore Finance Centre (FC) team operation and the overall management of the onshore local team in Canada.
How you will create an impact
Audit Committee Meeting:
- Prepare CFO and Investment package for quarterly Audit Committee meetings
Investment Committee Meeting:
Attend and prepare minutes for quarterly Investment Committee (IC) meetings
Prepare IC presentation deck for Audit Committee and Board meetings
External Audit by PwC:
Assist Controller with the overall management of the external audit, including but not limited to:
Preparation of annual audited financials and notes disclosures
Resolve audit queries and ensure timelines are being adhering to and any obstacles are managed and/or escalated as required.
Monitor overall status of PBC (Prepared by Client) list and other requirements via the role of “audit champion” for PwC
Local Statutory Close:
Review P&C return and local solvency test prepared by FC Team for quarterly and annual filings to federal and provincial regulators
Review and prepare (if required) Legal Entity variance analysis for balance sheet, income statement
Review and present to CFO/Chief Actuary local solvency walks and financial statement positions with variance analysis commentaries
US GAAP Close:
Review local STAT vs US GAAP comparative financial statement - prepared for tax provisions of standalone legal entity
Review Legal Entity income statement variance analysis
Financial Close:
Review/approve journal entries prepared by FC Team
Perform oversight and guide FC Team on investment related aspects
Review Balance Sheet reconciliations in the Blackline system
IFRS 17 System Implementation:
- Participate as Canada core team member in discussions for system re-design, data sourcing, UAT, parallel run etc. in preparation for eventual system FPSL implementation
Others:
Support AVP Finance/Controller with day to day activities, execution of financial closes and other aspect in overseeing the Controllership function including the management of FC teams.
Drive process improvements and quality assurance
Work on ad hoc special projects and remediation initiatives when required
What you’ll need to succeed:
6+ years of relevant accounting and financial reporting experience at more senior level.
Insurance accounting experience
Professional accounting designation
Proactive team player, problem solver and strong people leader
Experience in managing teams – locally and remote
Strong interpersonal skills are needed to interact and work with various departments and across many different levels within the organization and with external parties
Excellent communication skills (both written & oral) including presentation development (Excel, Power Point, Word) and delivery
Strong analytical, planning and organization skills
Demonstrated ability to work in a multi-matrix environment and deal with competing priorities
Proven resiliency and tenacity to perform well under pressure and regularly meet strict deadlines in a fast-paced and transformational environment
#LI-PA1 #LI-Hybrid
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of belonging
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides 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.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com .
Functional Area:
FA - Finance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Insurance Company of Canada
At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. 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.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (http://www.twitter.com/AIGInsurance) | LinkedIn (http://www.linkedin.com/company/aig) .