Reinsurance Accountant at Allianz Global Corporate & Specialty SE

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Dec, 25

Salary

97371.0

Posted On

28 Sep, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Reinsurance, Data Analysis, Attention To Detail, Problem Solving, Time Management, Adaptability

Industry

Financial Services

Description

We are looking for a Reinsurance Accountant, who will be based in either Chicago or O’Fallon office. This will be a hybrid role. Your Team Our team is committed to invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours. The Impact You Will Have As a Reinsurance Accountant, you will be responsible for the accounting, settlement, and credit control activities associated with reinsurance activities, including Facultative Reinsurance, Quota Share program, International Insurance programs and Fronting deals. The role will be responsible for maintaining excellent relationship with internal and external parties, develop and implement effective controls to ensure inflow and outflow of reinsurance settlement timely and of high quality. Some of your specific responsibilities could include: Work to collect assumed premium receivables and ceded loss recoverables from our Reinsurance partners and affiliate companies Review assumed & ceded reinsurance premium and claim entries against agreement terms and supportive documents to ensure compliance and accuracy. Work closely with clients to support premium and claim entries reflecting in our accounting system. Investigate any variances and effectively communicate with respective parties for resolution. Work collaboratively with other Functional areas (Operations, Accounting, Claims) and global Finance teams to enhance existing reinsurance processes. Monitor credit control activities which drives collateral requirements for Schedule F. Support internal and external auditing requests to ensure effective controls are maintained and followed. Desire to be part of a team, contribute knowledge, collaborate, train, and further develop one’s own skills to maximize personal potential. Monitor accounts for timely and correct account maintenance including cash application, claims payables, reinsurance premium payables, etc. What You’ll Bring to the Role 1-3 years experience in basic knowledge of accounting and finance 1-3 years experience in basic knowledge of reinsurance Data analysis - ability to handle large set of data to understand reinsurance financials Attention to Detail - ability to verify financial data against support documents Problem solving - ability to handle challenges from discrepancies and variances and resolve independently Time Management - ability to juggle multiple tasks and deadlines Adaptability - ability to adjust to developing protocols and technological advancement Accounting, Finance, or Business degree CPA is a plus Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred The annualized base pay range for this role is $64400 - $97371. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. Be advised that the position you are applying for involves responsibilities related to cash handling. As part of our commitment to ensuring the safety and security of our operations, all candidates ( internal and external) selected for this role will be required to undergo a background check. This process includes, but is not limited to, verification of criminal history and financial history. By applying for this position, you acknowledge and consent to the background check as a condition of employment. 81877 | Finance & Accounting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

Responsibilities

As a Reinsurance Accountant, you will manage accounting, settlement, and credit control activities related to reinsurance. You will also maintain relationships with internal and external parties and ensure timely and high-quality reinsurance settlements.