Reinsurance Accountant (Chicago, IL, US, 60606) at Allianz
Allianz · Chicago, United States Of America · Hybrid
- Professional
- Office in Chicago
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow.
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a Reinsurance Accountant, who will be based in either Chicago or O’Fallon office. This will be a hybrid role.
Your Team
Our team is committed to invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours.
The Impact You Will Have
As a Reinsurance Accountant, you will be responsible for the accounting, settlement, and credit control activities associated with reinsurance activities, including Facultative Reinsurance, Quota Share program, International Insurance programs and Fronting deals. The role will be responsible for maintaining excellent relationship with internal and external parties, develop and implement effective controls to ensure inflow and outflow of reinsurance settlement timely and of high quality.
Some of your specific responsibilities could include:
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Work to collect assumed premium receivables and ceded loss recoverables from our Reinsurance partners and affiliate companies
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Review assumed & ceded reinsurance premium and claim entries against agreement terms and supportive documents to ensure compliance and accuracy.
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Work closely with clients to support premium and claim entries reflecting in our accounting system. Investigate any variances and effectively communicate with respective parties for resolution.
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Work collaboratively with other Functional areas (Operations, Accounting, Claims) and global Finance teams to enhance existing reinsurance processes.
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Monitor credit control activities which drives collateral requirements for Schedule F.
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Support internal and external auditing requests to ensure effective controls are maintained and followed.
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Desire to be part of a team, contribute knowledge, collaborate, train, and further develop one’s own skills to maximize personal potential.
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Monitor accounts for timely and correct account maintenance including cash application, claims payables, reinsurance premium payables, etc.
What You’ll Bring to the Role
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1-3 years experience in basic knowledge of accounting and finance
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1-3 years experience in basic knowledge of reinsurance
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Data analysis - ability to handle large set of data to understand reinsurance financials
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Attention to Detail - ability to verify financial data against support documents
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Problem solving - ability to handle challenges from discrepancies and variances and resolve independently
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Time Management - ability to juggle multiple tasks and deadlines
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Adaptability - ability to adjust to developing protocols and technological advancement
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Accounting, Finance, or Business degree
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CPA is a plus
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Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred
The annualized base pay range for this role is $64400 - $97371. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.
Be advised that the position you are applying for involves responsibilities related to cash handling. As part of our commitment to ensuring the safety and security of our operations, all candidates ( internal and external) selected for this role will be required to undergo a background check. This process includes, but is not limited to, verification of criminal history and financial history. By applying for this position, you acknowledge and consent to the background check as a condition of employment.
81877 | Finance & Accounting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent
What’s in it for you?
Let’s care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [email protected]
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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