Sr. Reinsurance Accountant

Job description

Chicago, Illinois
FunctionalArea

Accounting
ContractType

Full Time
HierarchyLevel

Professional
Posting

55850504
JobID

C2EBDE1DCF021ED8B7DA0860CB9083FB
JOB PURPOSE/ROLE

KEY RESPONSIBILITIES

Perform accounting and settlement of transactional activities for assumed and ceded facultative reinsurance payables and recoverables.
Collaborate with other Functional areas (Operations, Accounting, Claims) and other AGCS branch finance team in establishing reinsurance processes, booking flows and accuracy completeness controls.
Monitor credit control activities which drive collateral requirements for Schedule F
Lead projects related to system upgrades, integration, and migration. (This includes testing of new systems for completeness, accuracy, and functionality)
Provide sample testing and data gathering for outside auditors.
Support other projects as assigned
KEY REQUIREMENTS/SKILLS/EXPERIENCE

Bachelor Degree in Accounting, Finance or Business
CPA Preferred
3-5 years of P&C insurance industry experience in Reinsurance Billing, Collections and reporting.
Knowledge and experience in dealing with various Reinsurance programs (Treaty & Facultative).
Knowledge and understanding of Statutory Accounting and Technical Reinsurance Accounts. Good understanding of Operational booking processes.
Knowledge and experience in dealing with various multi currency systems and accounting for multi currencies
Knowledge and understanding of standard accounting (GAAP) and P&C (Statutory) insurance and reinsurance practice and principles.
Strong organizational, analytical and multi-tasking skills necessary to manage multiple deadlines and changing priorities in a faced paced environment.
Ability to collaborate with others, adapt to change and accept challenging assignments.
Proficient in Intermediate to Advance Microsoft Office software (Word, Excel, PowerPoint, etc).
Excellent communication skills both written and verbal.
Solid organizational, analytical, documentation and multi-tasking skills to manage multiple deadlines in fast-paced environment.
ADDITIONAL INFORMATION

REFERENCE CODE:

AGCS-5850503-2


Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers' trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.

Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.


Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).


Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.

AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.

More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers