What are the responsibilities and job description for the Head of Financial Controls position at AIG?
Position Description
Reporting to the Global Controller and Chief of Accounting, the Head of Financial Controls is responsible for leading AIG’s internal controls over financial reporting (ICFR) / Sarbanes-Oxley (SOX) Program. The incumbent will be responsible for setting and maintaining the company’s strategy for complying with the requirements of SOX. As the Head of Financial Controls, you will be a pivotal member of the Controllership function and will work with stakeholders across the organization to ensure that internal controls are designed, implemented and enhanced to provide comfort over the Company’s financial reporting and related processes.
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. The FCU is part of AIG’s Corporate Finance function and is considered the ‘second line of defense’ at AIG. The 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 SOX Section 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.
Primary Responsibilities
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.
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 Employee Services, Inc.
Reporting to the Global Controller and Chief of Accounting, the Head of Financial Controls is responsible for leading AIG’s internal controls over financial reporting (ICFR) / Sarbanes-Oxley (SOX) Program. The incumbent will be responsible for setting and maintaining the company’s strategy for complying with the requirements of SOX. As the Head of Financial Controls, you will be a pivotal member of the Controllership function and will work with stakeholders across the organization to ensure that internal controls are designed, implemented and enhanced to provide comfort over the Company’s financial reporting and related processes.
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. The FCU is part of AIG’s Corporate Finance function and is considered the ‘second line of defense’ at AIG. The 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 SOX Section 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.
Primary Responsibilities
- Lead the financial controls unit (FCU) in all aspects of the Company’s ICFR / SOX Program, including onshore and offshore teams.
- Serve as the chair of AIG’s quarterly Internal Control Governance Committee, coordinating all meeting materials and leading the Committee through the agenda.
- Lead annual materiality, scoping and risk assessment activities to establish the annual ICFR/SOX Program scope.
- Provide training and guidance to process and control owners on ICFR/SOX policy matters to enforce accountability and foster a control-focused culture across the organization.
- Work with Management to remediate known control deficiencies and ensure remediation plans are designed to address the root cause and prevent reoccurrence.
- Advise Management in regard to evaluating the impact on controls resulting from transformation activities and other projects impacting financial reporting.
- Provide quarterly and ad hoc reporting communications for defined stakeholder groups including the Internal Control Governance Committee and Group and local Audit Committees.
- Coordinate with internal and external auditors frequently to ensure that AIG’s ICFR policy and methodology is aligned to maximize external audit reliance on AIG’s ICFR / SOX Program.
- Lead the global balance sheet reconciliation quality control team.
- A minimum of 15 years of experience managing a SOX Program, internal audit department or as an external auditor for a big four firm.
- Experience in the insurance or financial services industry is preferred.
- CPA/CIA preferred
- Ability to interact well with executive leadership and senior management; strong presentation skills required.
- Strong accounting and accounting system knowledge (e.g. SAP) is preferred.
- Ability to lead, prioritize and identify impact points that balance multi-segment, multi-function and global constituencies with limited resources is critical and ideally can be demonstrated in past experiences.
- Ability to adapt easily to change, can manage in an uncertain environment, and manage multiple tasks with competing interests for time and evolving priorities
- Managerial experience with staff located across multiple locations, particularly multi-national, with considerable time zones differences is strongly preferred.
- Strong execution and analytical skills, ability to influence change and drive results.
- Excellent written/verbal skills a must
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.
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 Employee Services, Inc.
Salary : $250,000 - $300,000
