Senior Accountant II

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We 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  

Reporting to the Head of Insurance Closing & Reporting- North America, you will be primarily responsible for the accounting transactions and reporting requirements for the Alternative Risk Transfer (ART) line of business and Arch.  

Some of your specific responsibilities could include: 

• Review transactional bookings on a regular (quarterly) basis to ensure accurate P&L impacts 

• Governance and quality assurance 

• Document application of policies, procedures and workflow for assigned areas of responsibility  

• Ensure all IFRS, GAAP and Statutory closing and reporting tasks (e.g. annual report, reporting to regulatory authorities, NAIC reporting, other internal/external reporting requirements) related to own area of responsibility are accurate and timely on a global basis  

• Complete assigned postings, journal entries and account reconciliations on a periodic basis. Reconcile intercompany transactions within the affiliated company group 

• Coordination, transfer and reconciliation of data from interfaces of front-end systems 

• Take care of monthly legal entity close submission activities, including posting of accruals, deferred acquisition expenses and other accounting transactions 

• Global P&L analysis and reviews 

• Assist internal clients (e.g. other departments) with reports, research and other activities 

• Manage relationship with 3rd parties (auditors, business units, tax authorities, public authorities, etc.) 

• Identify problems and opportunities for improvements; propose creative solutions that improve qualitative and quantitative performance 

What You’ll Bring to the Role 

• 5-7 years of professional experience in P&C insurance/reinsurance  

• Bachelor’s Degree in Accounting, Finance or Business  

• CPA preferred, but not required 

• Proven understanding of standard accounting (GAAP, Statutory & IFRS) for insurance and reinsurance 

• Project and team work in an international and dynamic environment 

• Understanding insurance financial statements and their performance measurement including drivers 

• Comprehensive knowledge of Statutory accounting, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies), compliance and declaration 

• Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows 

• Ability to manage projects (milestone and task planning, managing resources, controlling, monitoring, reporting, moderating) and to develop solutions while considering complex stakeholder structures and requirements 

• Strong analytical skills and ability to stay focused in a deadline driven environment with minimal supervision 

• Advanced proficiency in Microsoft Office products (primarily Excel and PowerPoint) 

• Strong ability to understand, elaborate and convey information clearly and effectively to any audience/level of management (both verbally and in writing) 

• Reliability & conscientiousness, assertive, yet cooperative team player are softer skills needed in this rol

• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential

The annualized base pay range for this role is $75,409 - $128,400.  The annual base salary range represents a Chicago 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.

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 life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. 

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 agcsglobalcareers@allianz.com

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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