Sr. Accountant I

Let’s care for tomorrow.

Your ambitions.  Your dreams.  Your tomorrow

We are looking for a Senior Accountant I (m/f/d), based in Chicago.

Your Team

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We 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

This position is responsible for supporting all accounting activities associated with the close and consolidation of the Company's financial statements for the North American entities of the AzC business unit for our foreign-based parent.  Prepares the IFRS and Statutory financial statements, including audited financial statements, for a group of insurance and non-insurance affiliates.  Reviews and ensures adherence to IFRS and Statutory accounting policies and monitors company processes in support of the close.  Completes project work as assigned.

Some of your specific responsibilities could include:

• Prepares monthly techncial close entries on an IFRS basis, including completion of ECCS submissions to AzC.  Monitor changes to IFRS reporting requirements and ensure compliance with accounting policy.
• Prepare quarterly and annual Statutory schedules for multiple legal entities. Schedule F penalty calculation and mitigation efforts to minimize for annual reporting.
• Complete reconciliations between IFRS and Statutory reporting. 
• Drafts Footnote disclosures and management discussions and analysis for regulatory reporting
• Actively participates in daily close stand up team meetings, self monitoring of tasks completion and assists in monitoring timeliness of close processes and identifying items for discussion or resolution.
• Completes monthly account reconiliations.
• Responds to state inquiries about financial results and coordinates state examinations of the insurance companies as needed.                                                                                   
• Archive records to satisfy audit and statutory requirements.                    

What You’ll Bring to the Role

• 3-5 years experience in Financial Statement preparation            
• 3-5 years experience in relevant insurance accounting experience, including knowledge of US statutory and GAAP accounting principles.  Knowledge of IFRS is a plus
• Knowledge of IFRS/Statutory Accounting, with an emphasis on financial reporting
• Knowledge of insurance accounting principles, especially for property and casualty companies
• Experience with SAP/BW/Cognos and proficient in Microsoft Office products
• Data Quality and Reporting: Ensuring compliance of closing, reporting with internal & external requirements
• Accounting, Finance or Business degree                             
• CPA Preferred                                                                                                                                                                                                                               

The annualized base pay range for this role is$62,045 - $105,345.  The annual base salary range represents a Chicago 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.

33750 | Finance & Accounting | Professional | Non-Executive | 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 (AzC) is a global corporate insurance carrier and part 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.  Learn more about us by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture.

Recruitment Agencies: 
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  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.

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