AIG

Audit Associate

Posted on: 18 Mar 2021

Houston, TX

Job Description

Audit Associate, Life & Retirement
About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Internal Audit Group

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.

As an Audit Associate, you will be part of IAGs Life & Retirement team in the Houston, TX. You will have an exciting opportunity to learn about AIGs products and services and enhance your knowledge and skillsets as you participate in audit projects across multiple businesses and functions including General Insurance, Life & Retirement, and Corporate Functions such as Enterprise Risk Management, Finance, Human Resources, Information Technology, Investments, and Legal, Compliance and Regulatory.

You will collaborate with AIG business area and functional stakeholders, IAG and other assurance teams to:

* Gain a well-rounded understanding of how AIG operates by participating in audit projects covering different departments and functions
* Assist in identifying and analyzing the key inherent risks in the stakeholders business and the key controls that management has implemented to mitigate their risks
* Participate in the full audit lifecycle including planning, testing of controls, reporting and issue verification
* Learn IAGs Global Audit Methodology and professional standards for audit engagements

IAG is seeking candidates who have excelled in previous work experience, demonstrated outstanding academic and extracurricular achievement, 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.

The ideal candidates will be bold thinkers with an entrepreneurial bent, and will possess a powerful blend of IQ (technical skills, consistent learning, statistical & financial acumen) and emotional intelligence [EQ] (adaptive communication, empathy, listening skills, challenging with humility). IAG also looks for diverse backgrounds of experience, culture and thought. Successful candidates typically have a global perspective and a record of successful teamwork. You will be part of a large and diverse firm working within a team-oriented environment. You will gain a unique view of AIG, as part of planning and executing on all aspects of the audit process and risk assessment activities and will build close working relationships with business and functional leaders, colleagues across other assurance functions, and fellow team members.

Specific Responsibilities Include:

* Design programs to test controls to ensure they are working as designed by reviewing documentation, meeting with management to discuss the business processes, and observing general business operations
* Perform data analysis to identify anomalies or issues in the testing of controls, partnering with the IAG data analytics team
* Identify the root cause for control deficiencies and evaluate management action plans to address deficiencies
* Document audit activities, identified issues, and conclusions to assist audit team with reporting to the stakeholders
* Take ownership of assigned tasks and seek out ways to improve IAG processes
* Accountable for meeting deliverables, adhering to quality and methodology standards, including incorporating real-time feedback from supervisors
* Take initiative to consider and recommend problem resolution to audit team and manager
* Continually seek to learn through asking questions, getting exposure to new opportunities and training sessions
* Some travel may be required, up to 25%

Qualifications

* This role would suit candidates that have limited exposure to insurance industry but are keen to further develop their internal/external audit knowledge/experience

* Bachelors or Masters Degree, preferably in Finance, Accounting and/or Information Systems or Computer Science (all majors, however, are welcome to apply)
* Excellent analytical and problem-solving skills; exhibit professional skepticism and curiosity
* Strong communication skills including presentation and written skills
* Proven ability to quickly assess problems, identify effective solutions, and focus on what matters most
* Possesses keen attention to detail and able to manage time efficiently
* Seeking a candidate who is positive, proactive, engaged and open to new ways of doing things
* Experience working in the financial services/insurance industries or knowledge of insurance products a plus

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.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

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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