Sr. Accountant II

Job Level: Professional

Location:

Chicago, IL, US, 60606

Area of Expertise: Finance & Accounting

Unit: Allianz Commercial

Employing Entity: Allianz Global Risks US Insurance Compan

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 77629

Position Cluster: Non-Executive

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 currently looking for Sr. Accountant II 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

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 role

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 $85,909 - $129,818.  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

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.

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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