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AIG India Finance Center

 

AIG India Finance Center

AIG’s Global Finance Centers, established in 2014, are comprised of a dynamic, cross-functional team of talented Finance professionals committed to improving the efficiency and effectiveness of key Finance processes and supporting the Finance mission to drive and protect value across all of AIG.  

A career within AIG’s Finance Centers means opportunities for continuous growth and development.  The cross-functional nature of the work performed in the Centers allows our people to build a broad set of capabilities across some of the most critical and impactful areas of Finance – Controllership, Financial Planning & Analysis, Corporate Actuarial, and more.  

Being part of a global Finance team exposes our Finance Center professionals to a diverse and experienced team of colleagues in all parts of the world.  In the spirit of One AIG, our Finance Center teams operate as an extension of their teams across the globe and enjoy the opportunities that being part of a global organization provides.  

As our Finance Centers continue to grow and evolve, the investment in our people, the complexity of our work, and our passion for continuous improvement will continue to be our focus.  Attracting, developing, and retaining the best talent in our Centers is a critical factor in successfully partnering with the Global Finance function and the broader AIG organization.

Summary of Expertise / Purpose:

The controllership function is accountable for the accounting operations performed in the Finance Center, including, the production of periodic financial reports, maintenance of adequate system of accounting records and a comprehensive set of controls designed to mitigate risk, enhance the accuracy of reported financial results and ensure that reported results comply with generally accepted accounting principles / international financial reporting standards / local regulatory requirements.

The scope for the controllership function includes

  • Accounting operations
  • Month end close
  • Reconciliations
  • Financial Reporting (including schedules, notes, disclosures) as per US GAAP / Local GAAP
  • Regulatory reporting as per local country regulations
  • Financial Analysis

Business segments supported are both consumer and commercial across multiple regions including  North America, APAC, Middle East and Africa and Europe

Summary of Expertise / Purpose:

The FP&A group primarily supports on-shore teams (business & corporate) with respect to management reporting, analytics, data management, data upload, periodic closing, budgeting/forecasting activities, expenses reporting & analysis.  This team focuses on enabling the provision of  timely, accurate and reliable reporting , helping to expedite decision-making and drive improved financial performance.

Scope: The scope for FP&A function includes

  • Monthly and Quarterly Reporting
  • RO & Forecast Process
  • Quarterly Business Review Pack
  • GOE Analysis
  • Master Data Management
  • Expense Data Uploads
  • Budgeting & Forecasting

Regions: North America, APAC, Middle East and Africa

Summary of Expertise / Purpose:

The India Actuarial and Analytics center collaborates with the AIG Global Actuarial teams, to:

  • Support them on building predictive models for enhanced pricing, reserving, and underwriting and customer retention
  • assist on platform migration and actuarial model development initiatives that facilitate market consistent reporting
  • provide data management and data warehousing support to aid their data digitization efforts and experience studies.

Scope: The scope for Actuarial and Analytics function includes:

Experience Studies Data Management Support

  • Data Digitization
  • PBI & Death Cause Analysis
  • Support all Data request for Mortality/Morbidity Studies
  • Support Quarterly Experience Studies

Regions: North America, APAC, Middle East and Africa

Actuarial Modeling

  • Product Liability Modeling
  • Valuation Support
  • Asset – Liability Management Support
  • Independent Testing & Validation

Predictive Modeling

  • Supporting U/W Guideline; Structural Driver; Risk Management; Pricing; Reserving process
  • Review data for completeness and accuracy
  • Run data profile – identify key drivers
  • Suggest modeling methods/ develop models for reserving/pricing
  • Run model validation - maintain project documentation / report-out findings
  • Analysis
  • Business Segments supported are both Life & Retirement and Property & Casualty.

Regions: North America