Senior Accountant I

Allianz Commercial; Chicago (IL); Hybrid; USD 70,000 - 106,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Allianz Commercial in Chicago seeks a Senior Accountant I to support IFRS/GAAP accounting for insurance and reinsurance, manage monthly closes, and coordinate intercompany reconciliations. The role requires 3-5 years in related sectors, a CPA/ACCA is a plus, and a hybrid work arrangement is available.

The position emphasizes data analysis, internal reporting, and collaboration with auditors and tax authorities. A strong foundation in accounting standards and global policies is essential.

Qualifications

• 3-5 years experience in reinsurance, P&C insurance and/or asset management.
• 3-5 years experience in GAAP & IFRS accounting for insurance & reinsurance.
• 1-3 years experience in project work in international environment.
• Understanding insurance financial statements and performance drivers.
• Knowledge of local GAAP, IAS/IFRS, regulatory and tax requirements (Allianz policies).
• Ability to handle complex close, reporting and finance operations processes.
• AI literacy: AI data analysis and workflow automation using tools like Copilot/ChatGPT.
• Bachelor's degree in Accounting/Finance/Business and professional qualification (CPA/ACCA) if applicable.

Responsibilities

• Document application of policies and workflows for assigned areas.
• Archive records to satisfy audit and statutory requirements.
• Draft standards to improve quality and implement global policies.
• Ensure IFRS, GAAP and statutory closing and reporting are accurate and timely.
• Complete postings, journal entries and reconciliations; reconcile intercompany transactions.
• Coordinate data from front-end system interfaces; manage monthly close submissions.
• Liaise with auditors, tax authorities and business units.
• Identify problems and propose improvements to enhance performance.

Skills

GAAP & IFRS knowledge

Intercompany accounting & reconciliat

Monthly close processes

Data analysis & reporting

AI literacy

Education

Bachelor's degree in Accounting/Finance/Business

CPA/ACCA or equivalent

Tools

Excel

ERP systems

Financial reporting software

Job description

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. We are looking for a Senior Accountant I 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.

• Document application of policies, procedures and workflow for assigned areas of responsibility
• Archive records to satisfy audit and statutory requirements
• Draft standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures
• 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
• Complete assigned postings, Journal Entries and Account reconciliations on a periodic basis. Reconcile and settle intercompany transactions within the affiliated company group
• Coordination, transfer and reconciliation of data from interfaces of front-end systems
• Take care of monthly legal entity close submission activities, including posting of accruals, deferred acquisition expenses and other accounting transactions
• Manage relationship with 3rd parties (auditors, biz units, tax authorities, public authorities, etc.)
• Assist internal clients (e.g. other departments) with reports, research and other activities
• Manage relationship with 3rd parties (auditors, business units, tax authorities, public authorities, etc.)
• Identify problems and opportunities for improvements; propose creative solutions that improve qualitative and quantitative performance

What You'll Bring to the Role

• 3-5 years experience in reinsurance, P&C insurance and / or asset management
• 3-5 years experience in proven understanding of standard accounting (GAAP & IFRS) for insurance and reinsurance
• 1-3 years experience in project and team work in an international and dynamic environment
• Understanding insurance financial statements and their performance measurement including drivers
• Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) writing reporting, compliance and declaration
• Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows
• AI Literacy: AI data analysis and workflow automation using applications like Microsoft Copilot, ChatGPT etc.
• Bachelor's degree in Accounting, Finance, or Business degree
• 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 or Canada 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 $70,000 - $106,000 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. 100406 | 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.

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

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.

We support 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.

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.

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.

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 View email address on click.appcast.io