Senior Accountant II

Allianz; Chicago (IL); Hybrid; USD 90,000 - 110,000; Full time

Job summary

Allianz Commercial seeks a Senior Accountant II in Chicago for a hybrid role focused on IFRS/GAAP reporting, intercompany reconciliations and monthly closes. You will work with auditors, tax authorities and internal clients on diverse accounting tasks and process improvements.

The role requires 5–7 years in reinsurance/insurance or asset management, strong Excel/PowerPoint skills, and knowledge of local GAAP and IFRS. A CPA/ACCA is preferred. US sponsorship is not offered.

Qualifications

• 5-7 years experience in reinsurance, P&C insurance and/or asset management.
• 5-7 years experience in GAAP and IFRS for insurance and reinsurance.
• 3-5 years experience in international project and team work.
• Advanced Excel and PowerPoint; data analysis; big data automation (Alteryx, AI, SAP Analytics Cloud).
• Understanding insurance financial statements and performance drivers.
• Knowledge of local GAAP, IAS/IFRS, regulatory/tax requirements incl. Allianz policies.
• AI literacy: using Copilot/ChatGPT etc.
• Bachelor's degree in Accounting, Finance, or Business.
• CPA/ACCA or equivalent professional qualification.
• Experience applying AI/ML to improve processes.

Responsibilities

• Document policies, procedures and workflow for assigned areas; archive records for audits and statutory purposes.
• Draft standards to improve quality and contribute to global operation cycles and policies.
• Ensure IFRS, GAAP, and statutory closing/reporting are accurate and timely globally.
• Complete postings, journal entries and account reconciliations; reconcile intercompany transactions.
• Coordinate data from interfaces of front-end systems and monthly close activities.
• Manage relationships with auditors, tax authorities, business units and external parties.
• Assist internal clients with reports and analyses; identify improvement opportunities.

Skills

Reinsurance

P&C Insurance

Asset Management

Advanced Excel

PowerPoint

IFRS/GAAP Knowledge

AI Literacy

Education

Bachelors in Accounting/Finance/Business

CPA/ACCA (US/intl)

Tools

Alteryx

SAP Analytics Cloud

Microsoft Copilot

Job description

Lets care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a Senior Accountant II 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.

Some of your specific responsibilities could include:

• 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 Youll Bring to the Role

• 5-7 years experience in reinsurance, P&C insurance and / or asset management
• 5-7 years experience in proven understanding of standard accounting (GAAP & IFRS) for insurance and reinsurance
• 3-5 years experience in project and team work in an international and dynamic environment
• Advanced Excel and Powerpoint skills to effectively analyze data and convey messages in a winning fashion. Big data automation capabilities (e.g. Alteryx, AI, Sap Analytics Cloud)
• Understanding insurance financial statements and their performance measurement including drivers
• Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) wrt reporting, compliance and declaration.
• AI Literacy: AI data analysis and workflow automation using applications like Microsoft Copilot, ChatGPT etc.
• Bachelors degree in Accounting, Finance, or Business degree
• Locally recognized professional qualification related to Accounting (e.g. CPA, ACCA, etc.), if applicable.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred.

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 $90,000 - $110,000 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.

106074 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent

Whats in it for you?

Lets 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.

Lets 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.

Lets 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.

Lets 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 help people return from career breaks with experience that nothing else can teach. We've got your back.

Lets 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 whats 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.

Join us. Lets 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 [e-mail]

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.