Position Description:

Reporting to the Head of Financial Controls, the Manager – Financial Controls Unit (FCU) – Global General Insurance (GI), is responsible for various activities involved in managing AIG’s internal controls over financial reporting (ICFR) / SOX program associated with GI. With a focus on the GI-related business processes of AIG, the incumbent will be responsible for assisting the Head of Financial Controls in driving strategy for SOX compliance including the development/maintenance of ICFR policy, procedures, and guidance; business control prioritization based on asset class/product materiality, degree of automation, and process complexity; IT risk assessment/scoping; deficiency evaluation and aggregation; and governance reporting to senior management. The incumbent will also be responsible for managing a team offshore.

Primary responsibilities include:

• Provide internal control consultation to Process, Application and Control Owners across GI, globally, assessing impact to financial reporting.
• Possess end to end view of the GI processes across claims, premiums, underwriting and reinsurance and understanding the nuances for various legal entities and regions.
• BAU responsibilities across scope review, process/application/IT dependency analysis and quality assurance areas are of more significance and magnitude, in supporting change initiative reviews and tracker documentation.
• Regarding changes in the GI process, provide methodology training and on-going support to the internal and external stakeholders. This should also include assisting the business with control rationalization and scoping of controls.
• As appropriate, liaise with the Technology Risk and Control (TRC) function to assess and document all relevant SDLC requirements at initiative inception, including providing review and challenge to the appropriateness of the changes as it relates to financial reporting requirements.
• Monitor and advise on existing and proposed applications and reporting platforms – internal or third-party.
• Evaluate issues and remediation plans, including status with an objective of deficiency closure in current accounting year.
• Evaluate opportunities or limitations with key third party service organizations, including technology providers.
• Evaluate/Monitor financial control across third party arrangements.
• Participation in meetings, GI-specific or cross-disciplinary attendees, which support business controls, such as independent valuation reviews, automation of controls, acquisitions, etc.

• Quality assurance:
• For GI related areas – across Business, IT Dependency, and IT risk and control matters, review and challenge issues identified by the business (self-reported), internal audit testing, or external auditors. 
• Coordinate in reviewing, monitoring and defining issue documentation standards including deficiency root cause analysis and deficiency exposure analysis.
• Evaluate the impact of deficiencies on AIG’s 302/404 certification requirements.

• ICFR governance reporting: Provide scheduled and ad hoc governance reporting communications for defined stakeholder groups including domain updates for the ICFR Working Group, and quarterly updates for the Internal Control Governance Committee and Audit Committee.

• Coordination with External Auditors: Coordinate with external auditors, frequently, to ensure that investment-related components of AIG’s ICFR policy and methodology are aligned to maximize external audit reliance on AIG’s internal ICFR Program. 

Qualifications

• A minimum of 7+ years’ experience in ICFR/SOX program management, internal audit, or external audit covering planning, scoping, risk assessment, testing, and reporting. Big 4 audit experience is preferred.
• Experience in an insurance company preferred but not required. Financial services experience is required.  
• Familiarity with Systems and Organization Controls (SOC1) reporting.
• Experience with completing ‘deep-dive’ assessments of complex problems, framing and presenting alternatives to issues, and of managing outcomes through to implementation.
• Strong execution and analytical skills, ability to influence change and drive results
• Ability to interact well with executive leadership and senior management; strong presentation skills and an ability to synthesize or adapt level of detail in reporting by management group is required.
• Excellent written/verbal skills a must.
• Managerial experience of at least 2 years required.

About Financial Controls Unit (FCU)

The Financial Controls Unit (FCU) is primarily responsible for managing the Internal Controls over Financial Reporting (ICFR)/SOX program for AIG Inc. FCU is part of AIG’s Corporate Finance function and is a second line of defense function. FCU’s primary objective is to ensure AIG’s SOX program is executed effectively and the internal control environment is maintained adequately in support of Sec 302/404 certifications as required by the Sarbanes Oxley Act of 2002.  The FCU team is accountable and responsible for maintaining and ensuring compliance with AIG’s ICFR standards, SOX scoping and risk assessment, control deficiency analysis and aggregation, and overall governance reporting to various Management committees.

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.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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.

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