Reinsurance Operations Expert

We are looking for a Reinsurance Operations Expert, who will be based in O’Fallon, Chicago, or Toronto office.

The Impact You Will Have

The Reinsurance Operations Expert is responsible for managing and executing complex accounting tasks related to reinsurance activities. This role ensures compliance with internal policies, accounting standards, and regulatory requirements, while supporting accurate and timely financial reporting. The position involves collaborating with cross-functional teams, analyzing reinsurance contracts, and providing insights to optimize financial performance and risk management.

Some of your specific responsibilities could include:

• Reconcile reinsurance transactions, including premiums, claims, commissions, and reserves for Assumed and Ceded business
• Ensure accurate and timely recording of reinsurance-related journal entries in compliance with IFRS/GAAP standards
• Analyze and interpret  ceded and assumed reinsurance account activity to ensure timely payment or collection activities
• Prepare and review reinsurance-related reports, documents, statements and  accounting summaries for internal and external stakeholders
• Support month-end, quarter-end, and year-end close processes, ensuring compliance with deadlines and accuracy
• Assist in preparing monthly reporting and presentations for internal stakeholders
• Analyze reinsurance contracts to ensure proper accounting treatment and compliance with regulatory and internal guidelines
• Collaborate with legal and underwriting teams to interpret contract terms
• Perform account reconciliations for reinsurance balances, ensuring discrepancies are identified and resolved promptly
• Maintain and enhance internal controls over reinsurance accounting processes
• Identify opportunities to improve efficiency and accuracy in reinsurance accounting processes
• Participate in system upgrades, testing, and implementation of new tools to support reinsurance accounting
• Act as a liaison between accounting, underwriting, and claims teams to ensure alignment on reinsurance matters
• Provide guidance and mentorship to junior team members and support their development

What You’ll Bring to the Role

• 1-3 years experience in Reinsurance Accounting or related Insurance Premium and Claims Accounting
• Relationship building
• Team lead experience
• Financial Skills
• Relationship Management with other AOM Functions
• Insurance and Reinsurance Skills
• Bachelor’s Degree in Accounting
• 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 or Canada 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.

                
US Applicants:
The annualized base pay range for this role is $62,455 - $106,527 USD.  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.

Canada Applicants:
AI technology may be used to assess applications for keywords and essential qualifications. However, all AI-filtered candidate information will be reviewed by an Allianz Commercial team member, as our AI processes are subject to human oversight.

The annualized base pay range for this role is $$78636 - $118836 CAD.  We also offer a target bonus of 10%. The annual base salary range represents a 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.

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.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.

#LI-SP1

#LI-Hybrid