Sr. Accounting Associate

Allianz Global Corporate & Specialty

A Subject Matter Expert that is responsible for the ongoing analysis, collection, and resolution of open premium and deductible receivable balances. Activities include, but are not limited to, early and late stage collection activities, cancellation processes, submission to outside collection agency, discrepancy resolution, write-off recommendations, escheatment procesees, relationship building, recommendation of write-offs, adherence to local and global policies, and assistance with training and problem solving.

Coordination, clarification and balancing of unbalanced items and resolution of differences~crlf~##Ensure that all account receivables / payables are settled and collected as per agreed terms of settlement.~crlf~##Identify and analyze all account differences and liaise with Underwriting and the brokers to ensure that all items are booked correctly and differences are resolved in a professional manner and on a timely basis. Establish and maintain an abeyance system.~crlf~##Recommend write offs where applicable.~crlf~~crlf~Processing~crlf~##Perform credit control function of Account Receivables / Payables and related account reconciliations as assigned.~crlf~##Coordination, transfer and reconcilation data from interfaces of front-end systems~crlf~##Execute settlements with brokers and insurers.~crlf~##On an ongoing basis, properly account for all collections through timely application in the system (Global Genius, Genius 2, SAP, etc) and booking in the GL. Prepare monthly cash, receivables / payables and other account reconciliations / analysis and related journal entries.~crlf~~crlf~Governance and quality assurance~crlf~##Document application of policies, procedures and workflow for assigned areas of responsibility.~crlf~##Archive records to satisfy audit and statutory requirements.~crlf~##Draft standards to improve quality.~crlf~~crlf~Collaboration and Customer Service~crlf~##Work collaboratively with other Functional areas (Operations, Accounting, Claims) in establishing processes, booking flows and accuracy completeness controls.~crlf~##Work with third party collection agencies as required.~crlf~##Maintain a collaborative relationship with external brokers. Provide professional and timely customer service to internal and external customers.~crlf~##Serve as Subject Matter Expert to other team members~crlf~~crlf~##Project work as assigned~crlf~##Perform ad-hoc tasks as assigned~crlf~~crlf~

##Associates degree in Business Administration, Economics, Finance, Accounting or comparable degree preferred or qualified by experience in related disipline~crlf~##Professional experience in reinsurance, P&C insurance and / or asset management~crlf~##Proven understanding of credit control practice and principles~crlf~##Project and team work in an international and dynamic environment~crlf~##Advanced Excel and Powerpoint skills to effectively analyze data and convey messages in a winning fashion.~crlf~##Understanding insurance financial statements and their performance measurement incl. drivers~crlf~##Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) wrt reporting, compliance and declaration~crlf~##Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.~crlf~##Ability to identify patterns and root causes in complex (e.g. ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations.~crlf~##Ability to identify and intiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.~crlf~##Ability to understand, elaborate and convey information clearly and effectively in respect to the audience~crlf~##Ability to manage projects (milestone and task planning, managing resources, project controlling, monitoring, and reporting, moderation techniques) and to develop solutions while considering complex stakeholder structures and requirements.~crlf~~crlf~

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.~crlf~~crlf~We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.~crlf~Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.~crlf~For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.~crlf~~crlf~

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