Sr. Accountant III - Reinsurance

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.   

 

Our Reinsurance Accounting team is currently looking for Sr. Accountant III 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  

This position is responsible for supporting all accounting activities associated with the close and consolidation of the Company's financial statements for the North American entities of the AGCS business unit for our foreign-based parent.  Prepares the IFRS and Statutory financial statements, including audited financial statements, for a group of insurance and non-insurance affiliates.  Reviews and ensures adherence to IFRS and Statutory accounting policies and monitors company processes in support of the close.  Completes project work as assigned. 

 

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. 

• Coordinate, transfer and reconcile data from interfaces of front-end system. 

• Manage 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. 

 

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.  

• Advanced Excel and Powerpoint skills to effectively analyze data and convey messages in a winning fashion.  

• Understanding insurance financial statements and their performance measurement including drivers.<