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Sr. Accountant I

Job Level:  Professional

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:  Not applicable
Employment Type:  Permanent
ID:  8778

Role Purpose:

  • Responsible for the financial accounting/reporting of investments, preparing quarterly and year end statutory fillings (Schedule D, Schedule BA, etc.) and assisting with research on new investments.
  • Responsible for reviewing and analyzing FX activity and providing management with details of significant movements or issues. Also, assist the reporting team with other projects and monthly and year end closing responsibilities.


Key Responsibilities:

  • Monthly closing: Responsible for the posting and reconciliation of the investment portfolio activity each month. Ensuring that the income statement and balance sheet are recorded accurately and timely.
  • Prepare annual and quarterly investment schedules for the STAT and IFRS financial statements, including Notes and Interrogatories disclosures for the financial statements.
  • Review and analyze the foreign exchange activity and provide management with details of significant movements or issues.
  • Assist the reporting team with other projects and monthly/quarterly closing responsibilities.
  • Complete investment related data requests for the yearly audit, tax department and support for our IFRS submission to Germany and investment information requests from rating agencies.
  • Archive records to satisfy audit and statutory requirements.


Required Skills:

  • Bachelor’s degree o Accounting, Finance or Business
  • 1-3 years of experience in investment accounting for insurance companies
  • Relevant insurance accounting experience, including knowledge of US statutory and GAAP accounting principles.  Knowledge of IFRS is a plus.
  • Knowledge of IFRS/GAAP/Statutory Accounting, with an emphasis on investment accounting.
  • Knowledge of insurance accounting principles, especially for property and casualty companies
  • Experience with SAP/BW/Cognos and proficient in Microsoft Office products.
  • Ability to ensure compliance of closing, reporting with internal & external requirements (capital management).


Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package.  Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.




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.


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.

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 or follow us on Twitter @AGCS_Insurance and LinkedIn.



Nearest Major Market: Chicago