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Financial Accountant (m/f/d)

Job Level:  Professional

Unterföhring, DE, 85774 Frankfurt, DE, 60596 London, ENG, GB, SE1 9LQ Köln, DE, 50676 Hamburg, DE, 22297 Stuttgart, DE, 70182

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:  1103

Job purpose / Role


At Allianz Global Corporate & Specialty (AGCS) our Accounting department is responsible for the efficient, accurate, and timely production of AGCS’ financial information, that produces valuable financial insights for the company and helps to protect its assets.


Reporting to the Head of Global Treaty Reinsurance Accounting, based in Munich, you are part of the Global Technical Accounting and Reporting team. You will be responsible for the (re-)insurance related positions in the monthly, quarterly and yearly financial statements of AGCS. Furthermore you will prepare the financial statements according to IFRS, Solvency 2 and HGB and you proactively contribute to projects and process improvement initiatives at a global level.


At AGCS, we have a 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.


Key Responsibilities


In this role you will…


  • Ensure that all assigned closing and reporting tasks (e.g. annual report, reporting to regulatory authorities, other internal/external reporting requirements) are accurate and performed in time.
  • 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.
  • Stay abreast of regulatory and Allianz Group accounting policy changes and ensure compliance with reporting and documentation requirements.
  • Assist in the monitoring and strengthening of internal controls over technical accounting.
  • Check the input and output data of all handled processes for plausibility and accuracy, including supervision of outsourced tasks.
  • Actively contribute to improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures.
  • Substantiate AGCS' global balance sheet and P&L and identify and review conspicuous entries and take required actions (e.g. proactive communication to relevant stakeholders, error correction and process improvements)
  • Reconcile and resolve complex accounting transactions.



Key Requirements/Skills/Experience


  • Degree in Business Administration, Economics, Finance or Accounting or you are qualified by experience in related discipline
  • First experience in (re-)insurance, P&C insurance, asset management, financial audit, controlling or similar financial area
  • Proven understanding of standard accounting (GAAP & IFRS) for (re-)insurance
  • Good understanding of insurance financial statements and their performance measurement including drivers and you are able to perform financial statements analysis (e.g. Ratio Analysis) and reconciliations
  • Basic knowledge of relevant accounting standards and regulations (IFRS, Solvency 2, HGB) for (re-)insurance and familiarity with the relevant legislation and standards
  • Ability to manage projects and handle complex processes including understanding of data flows, documentation of processes, analysis of root causes and creation of action plans
  • Resolutely customer-focused with the ability to handle complex processes (in particular in the closing and reporting context)
  • Strong analytical thinking and problem solving skills
  • Advanced Office skills like Excel, Access & Powerpoint (to effectively analyze data and convey messages in a winning fashion) and proficiency in using systems in own area (like SAP, Business Warehouse)
  • Strong communication and presentation skills
  • You are comfortable working both in a team and independently, in an international and dynamic environment
  • Fluent in English; German and/or French of advantage

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 www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.