SOX Controller

Brentwood TN
December 13 2018
Insurance, Securities
Functional Area:

FA - Finance

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: Yes

American General Life Insurance Company

In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or capital redeployment, with potential near-term reductions in book value. The launch of the Fortitude Re entity in 2017 was an important early step in achieving that objective. AIG continued the Fortitude Re strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for Fortitude Re. Fortitude Re currently reinsures $36 billion of AIG's Legacy Life and Annuity and General Insurance liabilities. Fortitude Re's diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build Fortitude Re into a standalone platform with financial strength that complements its strategically differentiated capabilities. For more information, please visit

The position summary states the general nature and purpose of the job. Overall accountabilities are defined in this section.

Sole responsibility to establish SOX control framework and monitor compliance efforts at newly created composite Bermuda- based reinsurer and related entities. Role requires establishment of control environment and ability to escalate issues to senior management similar to public company control certifications.


Responsibilities and tasks are written as follows:

  • Lead company-wide and business process-specific risk assessments across multiple legal entities to evaluate and address any impact the results may have on the control environment.
  • Assess control environment outside of Fortitude Re and recommend appropriate controls to detect issues with data provided by cedents.
  • Design and implementation of efficient and effective controls in all departments across within organization Provide detailed investments data for Economic Balance Sheet calculation
  • Update and continually validate that documentation of the control environment (e.g., process flows and control matrices) are kept current
  • Develop and execute annual test plan for evaluating key controls for operating effectiveness. Execution will include testing, reviewing work papers, and promptly facilitating the remediation of any exceptions with process owners in a timely manner.
  • Review findings of internal / external audit team: facilitate remediation of control gaps and escalate critical issues to the senior management.
  • Consult on internal control considerations during system implementation phases


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

  • 5-10 years of accounting experience with a reinsurance company or public accounting firm (required).
  • Demonstrated ability to apply COSO principles.
  • Bachelor's Degree in Accounting, Professional accounting designation (CA, CPA) (preferred).
  • Solid understanding, expertise and experience in PCAOB standards, SOX regulations (SOX 404) and US GAAP.
  • Knowledge of ERP system-based control design and optimization
  • Demonstrated strong analytical and project management skills.
  • Experience with Life, Annuities and Property Casualty lines of business (required).
  • Proven track record for exceeding expectations on various, simultaneous projects with tight deadlines.
  • Significant experience with controls environment of a publicly traded company.
  • Prepare and present training to financial staff on controls issues.
  • Strong knowledge base and effective research skills related to controls and IT issues pertaining to the insurance industry.
  • Able to interact effectively across different levels and functional areas of the organization (with senior management, financial reporting, corporate accounting policy group, etc.) and outside auditor.
  • High degree of initiative, dependability and ability to work independently on multiple engagements and in a fast-paced environment.
  • Capable of communicating and expressing ideas clearly and concisely, in both written and verbal formats.

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.

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