US Tax Reporting Manager
AIG
Role
AIG is seeking a Tax Manager in our New York office location. This position supports the U.S. Financial Tax Reporting & Analysis team’s preparation of tax inclusions for the AIG U.S. GAAP global tax provision, NAIC Statutory tax provisions, and assists in income tax accounting policy matters for AIG’s insurance companies. The role also assists with segment reporting and U.S. entity tax reporting.
Responsibilities
This position supports AIG’s U.S. income tax reporting and federal tax compliance obligations, including all aspects of our external and internal financial reporting responsibilities around income taxes. This includes SEC and U.S. GAAP reporting, U.S. Insurance Company NAIC Statutory reporting, management reporting, and assistance with income tax accounting policy matters for AIG’s general insurance companies.
This role would suit an individual looking for exposure to a diverse range of accounting, tax technical, as well as operational issues in an insurance business.
The key responsibilities include:
· Oversee preparation of quarterly tax provisions and ensure accuracy of the tax provision reported in US GAAP financial statements for the General Insurance business and footnote disclosures as part of Form 10-Q/K filings.
· Maintain accuracy of all tax accounts by utilizing tax provision software and workflow tools used within the financial reporting process.
· Ensure accuracy of the tax provision reported in the NAIC Statutory financial statements for the regulated PC insurance companies and associated footnote disclosures.
· Prepare stand-alone Bermuda statutory and US GAAP audited financial statements and support the statements through the audit cycle.
· Prepare analytics for senior management presentations, focusing on clearly and concisely explaining major drivers of activity and period over period variances in tax balances.
· Close collaboration with the Financial Planning & Analysis and Capital Planning teams in modelling scenarios, forecasts, and budgets for planning purposes.
· Close collaboration with Tax Advisory, Tax Controversy and Finance teams on various projects and initiatives, as well as to ensure a smooth and timely financial close process.
· Assist in U.S. GAAP and U.S. Statutory tax accounting analysis related to significant transactions.
· Manage third-party service provided in the preparation of the annual tax return for various non-life entities. This also includes reviewing the provision to return analysis and preparing the tax basis balance sheet.
· Research US GAAP pronouncements, U.S. STAT issues, tax technical issues, industry issues and peer companies to enhance AIG’s financial reporting capabilities.
· Assist in the implementation of OECD Pillar Two reporting.
· Draft and review tax accounting related memos.
· Actively identifying areas for process improvements.
· Ad hoc support for special projects and initiatives.
Position Requirements
· Bachelor’s Degree in Accounting, MST / CPA preferred.
· At least 5 years of experience in tax accounting and financial reporting in a large corporation or public accounting firm.
· Strong OneSource Tax Provision skills.
· Experience advising on complex tax accounting and technical issues.
· Experience in collaborating with other Tax and Finance areas and ability to work together as part of a team toward a common objective.
· Experience of operating at a management level.
· Knowledge and experience with ASC 740 and tax accounting under US GAAP requirements.
· Knowledge of corporate taxation and of the end-to-end tax cycle.
· Experience in navigating and managing the financial close process.
The base salary range for this position is $104,000-$130,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
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 candidatecare@aig.com .
Functional Area:
FA - Finance
AIG PC Global Services, Inc.
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