Senior Reinsurance Accountant I, Chicago, IL

Allianz Global Corporate & Specialty

This position will be responsible for technical accounting operations and collateral management, including accounting, settlement, and credit control activities, primarily related to reinsurance and co-insurance activities. This position will also be responsible for developing and monitoring reinsurance completeness and accuracy controls on assigned reinsurance and co-insurance activity booked.

##Perform accounting and settlement of transactional activities for assumed and ceded facultative reinsurance payables and recoverables.~crlf~##Work collaboratively with other Functional areas (Operations, Accounting, Claims) and other AGCS branch finance teams in establishing reinsurance processes, booking flows and accuracy completeness controls.~crlf~##Monitor credit control activities which drives collateral requirements for Schedule F.~crlf~##Drive both global and local initiatives as defined during annual priority setting as a subject matter expert, including testing of new systems for completeness, accuracy and functionality.~crlf~##Assist outside Auditors (PWC) with required sample testing and data gathering.~crlf~##Other assigned projects as required.~crlf~

##A minimum of 3 years’ Insurance accounting and reporting experience;~crlf~##Business process and internal control experience;~crlf~##Experience working in an international organization preferred;~crlf~##Comprehensive knowledge of local GAAP, IAS, IFRS, Regulatory, Tax and other relevant requirements (such as interpretation of treaties and contracts);~crlf~##Process improvement through innovation (understanding, documenting process flows, root cause analysis, action plans, OPEX/Six Sigma, RPA, Automation, and redesign); ~crlf~##Project Management skills (Lean Management/Agile Projects);~crlf~##Performance measurement, including drivers and being able to perform financial statement analysis (e.g., reading a P&L and Balance sheet, Ratio Analysis, capital management, lines of business), underwriting and claims functions;~crlf~##Advanced Office skills including Excel, Access, and PowerPoint to effectively analyze data and clearly convey messages;~crlf~##Proficiency using specific systems (e.g., SAP, Business Warehouse);~crlf~##Experience digitizing accounting processes (data architecture, explain accounting needs to third parties, recognizing potential from digital customer journeys, and understanding and conceptualizing data analytics);~crlf~##Understand, elaborate and convey information clearly and effectively with respect to the audience/level of management (both verbally and in writing);~crlf~##Identify patterns and root causes in complex data and processes to rapidly distill key issues and provide insight in various situations; ~crlf~##Identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation;~crlf~##Ability to work across teams (in and outside of CFO) and in virtual teams and the ability to supervise and coordinate near- and offshore teams without authority;~crlf~##Ability to influence with and without authority;~crlf~##Bachelor’s degree in Accounting, Finance or Business; and~crlf~##CPA Preferred, but not required.~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 or follow us on Twitter @AGCS_Insurance and LinkedIn.~crlf~~crlf~

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