Sr. Accounting Associate
## A Subject Matter Expert that is responsible for the ongoing analysis, collection, and resolution of open premium and~crlf~deductible receivable balances. Activities include, but are not limited to, early and late stage collection activities,~crlf~cancellation processes, submission to outside collection agency, discrepancy resolution, write-off~crlf~recommendations, escheatment processes, relationship building, recommendation of write-offs, adherence to local~crlf~and global policies, and assistance with training and problem solving.
Coordination, clarification and balancing of unbalanced items and resolution of differences~crlf~##Ensure that all accounts receivable / payables are settled and collected as per agreed terms of settlement.~crlf~##Identify and analyze all accounts differences and liaise with Underwriting and the brokers to ensure that all~crlf~items are booked correctly and differences are resolved in a professional manner and on a timely basis.~crlf~Establish and maintain an abeyance system.~crlf~##Recommend write offs where applicable~crlf~Processing~crlf~##Perform credit control function of Accounts Receivable/Payable and related account reconciliations as~crlf~assigned.~crlf~##Coordination, transfer and reconciliation of data from interfaces of front-end systems~crlf~##Execute settlements with brokers and insurers.~crlf~##On an ongoing basis, properly account for all collections through timely application in the system (Global~crlf~Genius, Genius 2, SAP etc.) and booking in the GL. Prepare monthly cash, receivable / payable and other~crlf~account reconciliations / analysis and related journal entries.~crlf~Governance and quality assurance~crlf~##Document application of policies, procedures and workflow for assigned areas of responsibility.~crlf~##Archive records to satisfy audit and statutory requirements.~crlf~##Draft standards to improve quality.~crlf~Collaboration and Customer Service~crlf~##Work collaboratively with other Functional areas (Operations, Accounting, Claims) in establishing~crlf~processes, booking flows and accuracy completeness controls.~crlf~##Work with third party collection agencies as required.~crlf~##Maintain a collaborative relationship with external brokers. Provide professional and timely customer~crlf~service to internal and external customers.~crlf~##Serve as Subject Matter Expert to other team members~crlf~##Perform ad-hoc tasks as assigned~crlf~~crlf~
## Advanced Training: Associates degree in Business Administration, Economics, Finance, Accounting or~crlf~comparable degree preferred or qualified by experience in related discipline~crlf~##Associates Degree in Business Administration, Economics, Finance, Accounting or comparable degree~crlf~preferred or qualified by experience in related discipline~crlf~##Minimum 3 to 5 years: Professional experience in reinsurance, P&C insurance and / or asset management~crlf~##Minimum 3 to 5 years: Proven understanding of credit control practice and principles~crlf~##Ideal experience, though not required: Project and team work in an international and dynamic~crlf~environment~crlf~##Advanced Excel and PowerPoint skills to effectively analyze data and convey messages in a winning fashion~crlf~##Understanding insurance financial statements and their performance measurement incl. Drivers~crlf~##Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and~crlf~other relevant requirements (such as Allianz Accounting policies) wrt reporting, compliance and~crlf~declaration~crlf~##Ability to handle complex processes (closing, reporting, finance operations) including understanding of~crlf~data flows~crlf~##Analytical Thinking and Numeracy: Ability to identify patterns and root causes in complex (e.g. ambiguous,~crlf~from various sources) data and processes to rapidly distill key issues and provide insight in various~crlf~situations~crlf~##Problem Solving Ability: Ability to identify and initiate appropriate actions to remediate issues that can be~crlf~abstract / ambiguous and follow through on their remediation~crlf~##Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly~crlf~and effectively in respect to the audience~crlf~~crlf~
Disclaimer - 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 is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 85 million private and corporate customers and more than 142,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~
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