Head of Internal Reinsurance Accounting

 

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 Head of Ceded Tech Accounting based in Chicago.  This role 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  

Owns, manages and oversees all reinsurance accounting processes and transactions for AGCS internal cessions for AGCS global segment, in general with internal reinsurers, across all accounting regimes, in particular also with AZ Group/Az Re; ensuring accurate, timely and efficient closings and reportings. I/C reporting and reconciliation. Has over arching responsibility for local NAIC Statutory reporting of reinsurance for annual statement. 

 

Some of your specific responsibilities could include: 

• Plan, coordinate and manage monthly, quarterly and annual closings, related accounting tasks and reporting products (eg., (contributions to) financial reports, regulatory reporting, group/management reporting requirements) including ad-hoc reports/analyses across applicable accounting regimes (IFRS, GAAPs, statutory, Solvency II) in accurate and timely manner 

• Complete assigned postings, journal entries and account reconcilitations on a periodic basis 

• reconcile and resolve IC transactions with affiliates; coordinate, transfer and reconcile of data from input/frontend systems 

• monthly legal entity close submission activities, incl. accruals and manual adjustments 

• Own resp. closing/reporting processes and products and parts of/contributions to resp. processes and products 

• Drive new topics and towards a comprehensive simplification, standardisaton and harmonisation of processes, (reporting) products and tools following best practice to improve productivity and harvest efficiency gains, in line with NEW AGCS and Global First. Ensure fulfilment of documentation and audit requirements 

• Manage relationship with ATT/Finance colleagues and other internal, group and AZ-external stakeholders, including GAR, AZ Re, 3rd party reinsurers and brokers, guided by high customer focus and business acumen; manage interface/relationship with external auditor and other 3rd parties (eg., tax authorities, public authorities) 

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

• Lead and manage (multi-located) team (incl. EWB, if applic.) towards high-performance by providing guidance, setting priorities, defining clear and challenging targets, monitoring progress and addressing performance issues appropriately 

• Grow new team in revised ATT setup into one global team across locations. Coach and develop employees by empowering the team and foster mindset shift in li