AIG

Audit Manager

Posted on: 23 Jan 2021

New York City, New York

Job Description

AIGs Internal Audit Group (IAG) provides independent and objective assurance, advice, and insight guided by a philosophy of adding value to improve the operations of AIG. IAG assists AIG in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of AIGs control environment including risk management, operational, financial, internal control, and governance processes.

We have an opportunity for a Audit Manager to join our General Insurance team in New York or Charlotte (or surrounding areas). You will collaborate with AIG business area and functional stakeholders, IAG and other assurance teams to:

* Assist the audit teams in identifying and analyzing the inherent risks in the stakeholders business and the controls that management has implemented to mitigate their risks

* Assist in the development of individual audits to ensure that audit projects and stakeholders focus on key risks and controls

* Participate in the development and execution of a risk based audit plan and lead the full audit lifecycle (planning, testing of controls, and issue verification) for individual audit engagements

* Collaborate across different global functional audit teams to provide for an integrated and coordinated approach to insurance risks and audit testing

* Contribute to the overall effectiveness and value of IAG by recommending and developing innovative approaches and solutions (e.g., the use of data analytics, automation, and Agile audit methodology)

We seek candidates who have excelled in previous work experience, possess strong analytical, quantitative and interpersonal skills, and are enthusiastic about and committed to AIG to contribute to IAGs mission of being an industry leading internal audit team and key contributor to the achievement of the firms strategic goals. We are looking for candidates that are proactive, continuously learn and introduce improved ways of doing things, both to business stakeholders in development of solutions to problems, IAG processes, including the use of data analytics. You will be part of a large and diverse firm working within a team-oriented environment.

What you'll do:

* Ensure key risks and controls are properly identified, test procedures support the audit objectives, test procedures are completed in the budgeted timeframe and workpapers support the work performed and conclusions drawn in accordance with IAGs Global Audit Methodology and professional standards for audit engagements

* Perform data analysis to identify anomalies or issues in the testing of controls, partnering with the IAG data analytics team

* Draft identified issues, audit reports, process narratives, and other documents to assist audit team with reporting and effectively discuss findings with business stakeholders

* Work closely with the audit engagement teams to verify managements corrective actions for audit issues within specified time frames by testing control design and operating effectiveness

* Hold team accountable for meeting deliverables, quality assurance and methodology standards, including providing real-time feedback

* Identify opportunities to enhance operational efficiency and effectiveness for areas under audit

* Build and maintain strong working relationships internally as well as with the business

* Provide guidance and direction for junior staff to develop business and audit knowledge, set clear expectations, provide timely and constructive feedback, encourage their career advancement, and set the tone by enthusiastically facilitating knowledge exchange/transfer

* Ensure audit projects are delivered on time and project staff is utilized efficiently

* Some travel may be required, up to 25%

What we're looking for:

* 8+ years of audit experience and/or relevant insurance industry experience

* Will consider candidates with audit experience working in the banking/financial services/insurance industries

* Will consider candidates with SME in underwriting or claims who are open to make a transition into the audit space

* Bachelors or Masters Degree

* A certified professional designation (e.g. CIA, CPA, CISA, CRISC, CISSP) is preferred

* 'Managerial courage' to effectively deliver difficult messages to staff members and determine appropriate reporting and escalation as needed

* Ability to thrive within a team-oriented environment while focusing on what matters most

* Good at cultivating relationships with stakeholders and within the IAG group, building trust that facilitates an open mindset and free exchange of information

* Function independently and multi-task in a dynamic, changing environment

* Strong leadership skills; attract and develop top talent

* Strong communication (oral and written), presentation, and project management skills

* Possess and promote a culture of intellectual curiosity

* Experience with auditing leveraging the use of data analysis tools is a plus

* Experience working in the Banking/financial services/insurance industries

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.

Functional Area:

IA - Internal Audit

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Employee Services, Inc.

AIG

New York, New York

American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

It also provides professional liability insurance products for a range of businesses and risks, including directors and officer’s liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products.

Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company’s Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.

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