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Accountant I

Job Level:  Professional

AGCS Chicago, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Finance & Accounting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  2031

Job Purpose:

Responsible for handling the reporting and closing activities and project work in area of responsibility.


Job Responsibilities:

  • 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, including actively contributing to improving and implementing global operation cycles, processes and workflows, as well as implementing global policies and procedures.
  • Project work as assigned.
  • 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.
  • Coordination, transfer and reconciliation of data from interfaces of front-end systems.
  • Monthly legal entity close submission activities, including posting of accruals, deferred acquisition expenses and other accounting transactions.
  • Manage relationship with third parties (auditors, business units, tax authorities, public authorities, etc.).
  • Assist internal clients (e.g., other departments) with reports, research and other activities.
  • Identify items for discussion and/or resolution.


Job Requirements:

  • A minimum of 1 year of professional experience in reinsurance, P&C insurance and/or asset management;
  • Proven understanding of standard accounting (GAAP and IFRS) for insurance and reinsurance;
  • Experience working in an international and dynamic environment preferred;
  • Advanced Excel and PowerPoint skills to effectively analyze data and convey messages in an easily understood fashion;
  • Understanding of insurance financial statements and their performance measurement, including drivers;
  • Comprehensive knowledge of local GAAP, IAS/IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) with regard to reporting, compliance and declaration;
  • Ability to handle complex processes (e.g., closing, reporting, finance operations) including understanding of data flows;
  • 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;
  • Ability to identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation;
  • Ability to understand, elaborate and convey information clearly and effectively with respect to the audience/level of management (both verbally and in writing);
  • Ability to manage projects (milestone and task planning, managing resources, controlling, monitoring, reporting, moderating) and to develop solutions while considering complex stakeholder structures and requirements; and
  • Bachelor’s Degree (ideally Master’s), preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline.

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.


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.


For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.

Nearest Major Market: Chicago