Senior Accountant III

We are looking for a Senior Accountant III based in Chicago. 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.

Impact You will Have

The Senior Accountant III will own, manage and oversee all treaty reinsurance accounting processes and transactions for Az Commercial external cessions. This role in a multi location team with global responsibilities is linked with external reinsurers and brokers, across all accounting regimes in various systems. Ensuring accurate, timely and efficient closings and reportings is key in the evolving, complex environment. Special capital management reinsurance set ups with AZ Group / Az Re are also part of the global role.

Some of your specific responsibilities could include

• Closing and Reporting -- Plan, coordinate and manage monthly, quarterly and annual closings, related accounting tasks and reporting products (eg., (contributions to) financial reports, regulatory reporting, group/management reporting requirements) including ad-hoc reports/analyses across applicable accounting regimes (IFRS, GAAPs, statutory, Solvency II) in accurate and timely manner. This also includes: Complete assigned postings, journal entries and account reconciliation on a periodic basis; reconcile and resolve IC transactions with affiliates; coordinate, transfer and reconcile of data from input/frontend systems; monthly legal entity close submission activities, incl. accruals and manual adjustments
• Governance and quality assurance -- Own resp. closing/reporting processes and products and parts of/contributions to resp. processes and products. Drive new topics and towards a comprehensive simplification, standardization and harmonisation of processes, (reporting) products and tools following best practice to improve productivity and harvest efficiency gains, in line with AZ Commercial strategy and global first mindset. Ensure fulfilment of documentation and audit requirements
• Collaboration, communication and relationship management (internal and external) -- Manage relationship with ATT / Finance colleagues and other internal, group and AZ-external stakeholders, incl. in particular Group Accounting and Reporting, AZ SE / Re, 3rd party reinsurers and brokers, guided by high customer focus and business acumen; manage interface / relationship with external auditor and other 3rd parties (eg., tax authorities, public authorities), where applicable
• Ad-hoc tasks and project work as assigned. Specifically in the immediate global long term Aurora reinsurance structure

What You’ll Bring to the Role

• 3-5 years professional experience in reinsurance accounting of P&C
• 3-5 years experience in project and team work in an international and dynamic
• 3-5 years experience in proven ability to navigate in a complex/matrix environment with
• Comprehensive knowledge of IFRS 17, local GAAP, regulatory and other relevant requirements
• Manage closing and reporting process in line with relevant internal & external requirements, Ensure data correctness, quality and integrity.
• Big data automation capabilities (e.g. Alteryx, AI, Sap Analytics Cloud)
• Generate reports and reconciliations for internal and external requirements
• Solid understanding of global RI processes and of underlying business transactions
• Ability to make sense of complex issues; respond to complex/ambiguous situations by identifying and initiating appropriate remediation and follow-up. Anticipate and resolve issues before these transpire
• 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
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred
• Master Degree preferred, preferably in Business Administration, Economics, Finance, Accounting
• Locally recognized professional qualification related to Accounting (e.g. CPA, ACCA, etc.), if applicable

External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

US Applicants

The annualized base pay range for this role is $115K to 135K USD. The annual base salary range represents 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.

101059 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here .

Learn more about Allianz Commercial by clicking here .

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People with disabilities

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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