Sr. Accountant II

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 improv