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Senior/Principal Financial Analyst Principal - Accounting Policy | Hybrid

Job Level:  Professional

Minneapolis, MN, US, 55416-1297

Due Date:  N/A
Area of Expertise:  Finance & Accounting
Unit:  Allianz US Life
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  3004

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.


What you do:

Allianz Life Controller’s organization is currently seeking an accounting policy professional with project management capabilities to join the insurance accounting policy team.  The team is responsible for setting and evaluating accounting policies, interpreting and developing guidance on emerging accounting standards and providing consultation and advice on technical accounting issues affecting Allianz Life. As trusted business advisors, the team is highly valued for playing a critical role in driving the company’s strategy by advising on new business initiatives and product development, as well as positioning the company for future accounting changes. These functions include responsibility for monitoring new accounting guidance, partnering with various business stakeholders, understanding underlying transactions, coordinating with external auditors and Allianz Group accounting policy on insurance and other accounting matters, researching technical accounting guidance, documenting conclusions in memos and accounting policies to ensure Allianz Life compliance, and supporting junior team members in performing these responsibilities.  You’ll have the opportunity to drive change in a fast-paced setting, while learning about a variety of topics, innovating new ideas, developing relationships with colleagues on other teams and overseas, and presenting project status to senior and executive leadership of the Company. 


Key Responsibilities:

  • Establish and maintain strong, collaborative relationships with finance partners and other internal clients to understand the business and provide ongoing guidance on new business initiatives
  • Work independently to research and analyze proposed and/or completed transactions, and author technical accounting memorandums documenting those transactions
  • Take an active role in the implementation of new accounting standards and the development of accounting policies
  • Monitor, assess and communicate the effects of proposed US GAAP, Statutory and IFRS accounting standard changes
  • Work in a fast paced, challenging and collaborative team environment with multiple and competing priorities
  • Work closely with external auditors to address the accounting for significant transactions
  • Communicate with senior and executive leadership on technical accounting matters and other projects
  • Deliver high customer satisfaction in responding to routine and ad hoc external auditor, regulator, examiner, Allianz SE and internal customer requests
  • Assist team members in managing projects or conducting accounting research
  • Execute projects timely by managing project teams and coordinating completion of documentation related to those projects with cross-functional teams
  • Concisely communicate status and other information about projects or other responsibilities to manager, work team, project team, and Company leadership


Leadership & Communication:

  • Must be flexible and adaptable to an ever changing and demanding environment
  • Demonstrates resilience and composure under stress
  • Strong understanding of mission and vision of team, division and company and has the ability to help meet those goals and objectives
  • Operates with a sense of urgency. Meets deadlines 
  • High level of motivation. Takes ownership for ensuring that the team’s work is performed with a high degree of accuracy and timeliness
  • Assists with fostering an environment of collaboration in pursuit of common goals
  • Able to identify problems, issues and potential solutions


Accounting Policy Team:

  • Sets accounting policy for the entity and performs accounting research for projects, new products, contracts, and new IFRS, US GAAP and Statutory accounting standards
  • Provides critical leadership within project team/working groups to facilitate understanding between multiple business areas and recognize upstream/downstream impacts of decisions, deliverables and results
  • Support business partners and the Department on day-to-day accounting related issues
  • Supports key financial relationships with regulators, examiners and auditors
  • Reviews a variety of financial statements produced for IFRS, US GAAP and Statutory accounting for accurate representation of accounting standards or transactions
  • Leads both small projects and large, cross-functional projects that impact accounting (i.e. project planning, scheduling, monitoring, implementation, documentation, and communication)


What you bring:

Minimum requirements:

  • 3+ years of relevant work experience required
  • Bachelor’s degree in Accounting or related field
  • Excellent written and verbal communication skills.  Must be able to comfortably present to senior leadership.
  • Understanding of accounting concepts and authoritative guidance
  • Up-to-date knowledge of latest accounting and reporting standards or ability to gain knowledge quickly
  • Knowledge of technical accounting for financial institutions, emphasis on insurance preferred
  • Strong problem-solving, critical thinking and analytical skills, ability to work independently, self-motivated and requires minimal supervision
  • Strong problem-solving skills
  • Strong desire to learn new things
  • Resolves inquiries, requests, and problems independently, or with some management supervision
  • Ability to effectively resolve conflicts
  • Basic understanding of internal controls



  • 5+ years of relevant accounting work experience
  • CPA certification, active or inactive
  • Basic understanding of IFRS and Statutory accounting concepts and guidance
  • Public accounting experience or experience in accounting consulting
  • Life insurance accounting experience
  • Previous accounting policy experience
  • Knowledge of actuarial concepts and modeling
  • Experience with coordination of exams, surveys or external audits


What we offer:

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.


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.  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. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.


Join us. Let's care for tomorrow.