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 Sr. Accountant I, who will be based in our Chicago office. 

 

The Impact You Will Have   

This person will have a key role in Reinsurance Accounting reporting that is very visible in the organization. It involves reporting of Reinsurance Assets for the main/largest Legal entity, Schedule F calculation and mitigation efforts/impact to STAT surplus and capital management. The role also supports XOL contracts Premium and Claims side, has a lot of connection with Claims, Actuarial and Corporate Re team on the impacts of the Reinsurance on our F/S. 

 

Some of your specific responsibilities could include:   

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. 

Archive records to satisfy audit and statutory requirements.  

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. 

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 

3-5 years' experience in reinsurance, P&C insurance and / or asset management.  

3-5 years' experience in proven understanding of standard accounting (GAAP & IFRS) for insurance and reinsurance. 

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

Locally recognized professional qualification related to Accounting (e.g. CPA, ACCA, etc.), if applicable.  

 

The annualized base pay range for this role is $70541 - $106527. 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. 

67397 | 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 is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

 

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

 

Learn more about careers at Allianz Commercial by clicking here. 

 

Learn more about Allianz Commercial 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 culture. 

 

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 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. 

 

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