Loading...
 
Share this Job

Senior Accounting Associate II

Job Level:  Professional
Location: 

O'Fallon, MO, US, 63368

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:  3864

About the job

 

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.

 

Key Responsibilites

Coordination, clarification and balancing of unbalanced items and resolution of differences

  • Ensure that all account receivables / payables are settled and collected as per agreed terms of settlement.
  • 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.
  • Recommend write offs where applicable.                                                                       

Processing

  • Perform credit control function of Account Receivables / Payables and related account reconciliations as assigned.
  • Coordination, transfer and reconcilation data from interfaces of front-end systems.
  • Execute settlements with brokers and insurers.
  • 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.                                                                        

Governance and quality assurance

  • 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.                                                                        
  • Project work as assigned.                                                                        

Collaboration and Customer Service

  • Work collaboratively with other Functional areas (Operations, Accounting, Claims) in establishing processes, booking flows and accuracy completeness controls.
  • Work with third party collection agencies as required.
  • Maintain a collaborative relationship with external brokers.  Provide professional and timely customer service to internal and external customers.
  • Serve as Subject Matter Expert to other team members                                                                      
  • Perform ad-hoc tasks as assigned                                                                        

 

Technical Skills and Required Experience

  • Minumum 3 - 5 years - Professional experience in reinsurance, P&C insurance and / or asset management            
  • Minimum 3 - 5 years - Proven understanding of credit control practice and principles            
  • Minimum 3 - 5 years - Project and team work in an international and dynamic environment
  • Advanced Excel and Powerpoint skills to effectively analyze data and convey messages in a winning fashion.        
  • Understanding insurance financial statements and their performance measurement incl. drivers a plus        
  • 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        
  • Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.  
  • Analytical Thinking and Numeracy:  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.
  • Problem Solving Ability:  Ability to identify and intiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.        
  • Communication and Presentation Skills:  Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of         
  • Project Management:  Ability to manage projects (milestone and taks planning, managing resources, project controlling, monitoring, and reporting, moderation techniques) and to develop solutions while considering complex stakeholder structures and requirements.     
  • Associates degree in Business Administration, Economics, Finance, Accounting or comparable degree preferred or qualified by experience in related disipline            
       
            
         

           


   
            

                                                                       

The benefits of joining AGCS:

Hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work

An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world

An environment where innovation and challenging the status quo is encouraged

Wellbeing policies/initiatives to support a positive work life balance

A competitive compensation and benefits package including generous bonus scheme

Continuous learning: A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace

Diverse and inclusive culture: You will be accepted for who you are and empowered to use your voice to help others find theirs

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.

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.Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.

In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This is an exciting time to join AGCS as we continue on our journey of transformation, regaining market leadership and achieving success together. You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.

Let's care for tomorrow.


Nearest Major Market: St Louis