Sr. Accountant I - Reinsurance
Chicago, IL, US, 60606
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.
Our Reinsurance Accounting team is currently looking for Sr. Accountant I based in Chicago. This is a hybrid role.
Your Team
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
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 AGCS 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:
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Prepares monthly financial statements on an IFRS basis, including completion of ECCS submissions to Allianz Commercial.
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Monitor changes to IFRS reporting requirements and ensure compliance with accounting policies.
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Prepare quarterly and annual Schedule F for multiple legal entities. Schedule F penalty calculation and mitigation efforts to minimize for annual reporting.
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Complete reconciliations between IFRS and Statutory reporting. Drafts Footnote disclosures and management discussions and analysis for regulatory reporting.
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Participates in daily close meetings and assists in monitoring timeliness of close processes and identifying items for discussion or resolution.
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Prepares consolidated audited financial statements and coordinates audit requests within Finance, Underwriting and Claims.
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Responds to state inquiries about financial results and coordinates state examinations of the insurance companies as needed.
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Archive records to satisfy audit and statutory requirements.
What You’ll Bring to the Role
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Knowledge of IFRS/Statutory Accounting, with an emphasis on financial reporting.
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Knowledge of insurance accounting principles, especially for property and casualty companies
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Experience with SAP/BW/Cognos and proficient in Microsoft Office products.
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Data Quality and Reporting: Ensuring compliance of closing, reporting with internal & external requirements .
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3-5 years experience in financial statement preparation
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3-5 years experience in insurance accounting experience, including knowledge of US statutory and GAAP accounting principles. Knowledge of IFRS is a plus.
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College degree preferably in Accounting, Finance, Business; CPA preferred
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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 $70,541 - $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.
75432 | Finance & Accounting | Professional | 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 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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.
Learn more about us by clicking here.
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.
Recruitment Agencies:
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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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Nearest Major Market: Chicago
