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Director of External Reporting
American International Group
New York, NY, United States
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Estimated Travel Percentage (%): No Travel
Relocation Provided: Yes
The Director of External Reporting is a senior position within the Corporate Controller Organization and will provide leadership around AIG’s external reporting function. The successful candidate with lead the production of AIG’s consolidated U.S. GAAP financial statements filed with the Securities and Exchange Commission (SEC), the financial supplement posted on AIG’s website as well as various other reports filed with multiple government agencies. Additionally, this position will keep abreast of emerging SEC guidance and new and proposed U.S. GAAP accounting standards to ascertain the potential disclosure implications to AIG’s financial statements.
This position reports to the Corporate Controller and is responsible for leading a global staff of 20+ professionals, with 5 direct reports (located in US and India). There is significant interaction with Business unit Controllers and functional areas (e.g. investments, actuarial, tax, legal, investor relations and communications). The position will collaborate with business unit and functional teams for the end to end process in producing the consolidated financial statements and related disclosures as required by U.S. GAAP and the SEC. The successful candidate will have a high degree of interpersonal communications and be able to interact at the senior levels within the finance organization.
Summary of Performance Objectives
• Responsible for oversight of planning, coordinating and managing the production of AIG’s consolidated annual and quarterly financial statements in accordance with US GAAP and SEC regulations (Form 10-Q and Form 10-K).This includes the coordination and preparation of all footnote disclosures as well as management’s discussion and analysis. This also includes the application of XBRL to the consolidated financial statements as required by the SEC.
• Responsible for the oversight, planning, coordination and managing the production of AIG’s quarterly financial supplement.This also entails coordination with Investor relations for review of related documents such as AIG’s quarterly press release and earnings slides.
• Oversee and ensure accurate filing of regulatory reports required by various government agencies.
• Responsible for the preparation and adherence to the quarterly and annual detail close calendar and monitor adherence to the calendar.
• Monitor US GAAP and SEC rulemaking and interpretations regarding proper presentation of financial statements and related footnote disclosures.
• Provide training and development to the broader finance organization, where relevant
• Assist in preparing senior management and audit committee communications, where necessary
• Ensuring compliance with Sarbanes-Oxley Rules which requires maintaining an appropriate level of internal controls over external reporting, as well as execution of those controls.
• Liaise with external auditors, legal counsel, Investor Relations, Communications and various team members within Business unit
• Recognizes researches and resolves SEC and GAAP reporting issues and is aware of current accounting pronouncements and developments on SEC Rules and Regulations.
• Oversee and ensure compliance with Sarbanes Oxley Act where relevant.Design internal controls and execute controls already established.
• Liaise with technology team in support of the applications supporting external financial reporting (CDM and TM1) for security and access.
• Develop and manage effective internal relationships.
• Create opportunities for teams via mentorship and leadership support. Actively identify and develop programs to meet the educational and advancement needs of the staff.
• Stay abreast of emerging accounting standards and SEC rules and regulations.
The ideal candidate should have:
• 12+ years’ experience in external SEC reporting
• BS/BA in Accounting or Finance
• CPA preferred
• Knowledge of Sarbanes Oxley rules and regulations
• Knowledge of XBRL tagging a plus
• Knowledge of CDM application a plus
• Ability to communicate effectively
• Ability to manage a global team
• Excellent team player
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.