Sr. Accountant I

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 Senior Accountant I, who will be based in the Chicago 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

This position is responsible for supporting all accounting activities associated with the close and consolidation of the Company's financial statements for the North American entities of the Allianz Commercial business unit for our foreign-based parent.  Prepares the IFRS and Statutory financial statements, including audited financial statements, for a group of insurance and non-insurance affiliates.  Reviews and ensures adherence to IFRS and Statutory accounting policies and monitors company processes in support of the close.Completes project work as assigned.

Some of your specific responsibilities could include:

• Prepares monthly technical close entries on an IFRS basis, including completion of ECCS submissions to Allianz Commercial.  Monitor changes to IFRS reporting requirements and ensure compliance with accounting policy.
• Prepare quarterly and annual Statutory schedules for multiple legal entities.
• Complete reconciliations between IFRS and Statutory reporting.
• Drafts Footnote disclosures and management discussions and analysis for regulatory reporting.
• Actively participates in daily close stand up team meetings, self monitoring of tasks completion and assists in monitoring timeliness of close processes and identifying items for discussion or resolution.
• Completes monthly account reconciliations.
• Responds to state inquiries about financial results and coordinates state examinations of the insurance companies as needed.
• Archive records to satisfy audit and statutory requirements.

What You’ll Bring to the Role:

• 3-5 years experience in Financial Statement preparation
• 3-5 years experience in relevant insurance accounting experience, including knowledge of US statutory and GAAP accounting principles. Knowledge of IFRS is a plus.
• Knowledge of IFRS/Statutory Accounting, with an emphasis on financial reporting.
• Knowledge of insurance accounting principles, especially for property and casualty companies.
• Experience with SAP/BW/Cognos and proficient in Microsoft Office products.
• Data Quality and Reporting: Ensuring compliance of closing, reporting with internal & external requirements.
• Accounting, Finance or Business degree.
• CPA Preferred.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred.

External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

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.

The annualized base pay range for this role is $70,545 - $106,527.  The annual base salary range represents 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. 

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