Associate, Corporate Development

Posted:
8/21/2024, 5:00:00 PM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Finance & Banking

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

Within Finance, AIG’s Corporate Development team is responsible for the evaluation and execution of strategic transactions, including acquisitions, divestitures, joint ventures and minority investments.

About the role

The Corporate Development team is seeking an Associate / Senior Associate to support the evaluation and execution of strategic transactions. The ideal candidate will possess strong analytical and quantitative skills and the ability to present complex information in a manner that supports executive decision-making. Additionally, the candidate must demonstrate excellent organizational and communications skills and the ability to deliver a high-quality work product in a dynamic, fast-paced environment.

Associates / Senior Associates play an integral role on the Corporate Development team and while day-to-day responsibilities are diverse, core responsibilities include the below:


Responsibilities

  • Actively support all aspects of the M&A process

  • Prepare financial models to evaluate strategic transactions; develop valuation analyses based on discounted cash flows, comparable companies and precedent transactions; evaluate pro forma financial impacts under various scenarios

  • Draft memorandums and presentations for AIG’s senior management, Board of Directors and other key stakeholders

  • Execute and oversee due diligence processes including liaising with business units, enterprise functions (e.g., legal, tax, finance, etc.) and external advisors

  • Perform ad hoc financial analysis in support of other strategic initiatives

  • Support AIG's Integration and Separation Office in transitioning target businesses to future state model including tracking of post-signing deliverables and closing activities

  • Mentor and train junior resources. Support development of scalable processes and best practices for the Corporate Development function

  • Monitor financial and operational performance of insurance peers and develop and maintain a deep understanding of emerging trends and industry dynamics

What we’re looking for

  • A bachelor’s degree is required, with a major in finance or accounting preferred

  • 2+ years of M&A experience (corporate development, investment banking or private equity) with experience executing all aspects of M&A transactions; P&C transaction experience a plus

  • Extensive understanding of the M&A process and proven track record executing M&A transactions across the entire deal lifecycle

  • Demonstrated analytical and quantitative abilities with experience performing financial and valuation analysis

  • Knowledge of the property and casualty insurance industry

  • Executive-level communication skills (written, verbal and interpersonal) with an ability to communicate to all audience levels

  • Organizational skills necessary to support / lead multiple projects under strict deadlines

  • Highly motivated, proactive, performance-driven and team-oriented

  • Advanced proficiency with Microsoft Office applications, particularly Excel and PowerPoint

  • Advanced proficiency with FactSet, S&P Capital IQ and/or Bloomberg

For positions based in NYC, the base salary range is $109,000 - $125,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits a summary of which can be viewed here: AIG Benefits Overview  

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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.

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 [email protected].  

Functional Area:

PA - Planning & Acquisitions

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Employee Services, Inc.

American International Group

Website: https://aig.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1919

IPO Status: Public

Industries: Commercial Insurance ⋅ Financial Services ⋅ Health Insurance ⋅ Insurance ⋅ Lending ⋅ Life Insurance ⋅ Property Insurance ⋅ Real Estate Investment ⋅ Retirement ⋅ Risk Management