Sr. Accountant III

We are looking for a Sr. Accountant III, based in Chicago.  This will be 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 CFO actuarial reserving team is a key unit in the broader CFO function and strategic contributor to the long-term success of AzC.  We are an experienced, diverse and hardworking team and we look forward to welcoming you onboard. 

Some of your specific responsibilities could include: 

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

• Archive records to satisfy audit and statutory requirements.  

• Draft standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures.  

• Ensure that 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 and settle 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. 

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

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

• Identify items or discussion or resolution  

What You’ll Bring to the Role 

• 5-7 years experience in reinsurance, P&C insurance and / or asset management. 

• 5-7 years experience in proven understanding of standard accounting (GAAP & IFRS) for insurance and reinsurance. 

• 3-5 years experience in project and team work in an international and dynamic environment. 

• Master’s degree preferred, preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline  

• 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 $105,548 - $159,443.  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.