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Reinsurance Financial Analyst

Company: Zurich North America
Location: Schaumburg
Posted on: December 9, 2018

Job Description:

Zurich is currently looking for a Reinsurance Financial Analyst to work out of our North American Headquarters in Schaumburg, Illinois. The Financial Analyst will administer operational and accounting aspects of assigned reinsurance accounts, including premium and loss activity, reporting, cash settlement, and account reconciliation and clearing. This position is within Zurich's Group Reinsurance (Group Re) function; a global function. The North American Group Reinsurance hub function manages $18 billion in reinsurance recoverables, $9 billion of assumed and ceded premiums and has the fiduciary responsibility for reinsurance collateral of approximately $15 billion. Activities include:

  • Preparing ledger entries
  • Calculate, monitor reinsurance premium activity and provide for discrepancy review and reporting
  • Preparing loss account statements in accordance with contract terms
  • Identify, calculate and record reinsurance recoverables in compliance with stated terms and conditions of reinsurance contracts
  • Reconcile basic detail reinsurance related activity, identifying issues and taking corrective action
  • Perform reinsurance accounts receivable and payable related functions
  • Prepare analysis to support financial reporting
  • Account reconciliations and clearing Basic Qualifications:
    • Bachelor's Degree and 4 or more years of experience in finance or accounting OR
    • High School Diploma or Equivalent and 6 or more years of experience in finance or accounting Preferred Qualifications:
      • Insurance industry experience
      • Demonstrated team oriented experience
      • Knowledge of reinsurance processing
      • Microsoft Office desktop skills experience - especially Excel and Access
      • Technology experience related to one or more of the following areas: General ledger, financial reporting systems
      • Strong verbal and written communication skills
      • Strong problem solving and analytical skills Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve. Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world. Zurich is that place where 55,000 employees across 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them. We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world. EOE Disability / Vets Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

        Keywords: Zurich North America, Chicago , Reinsurance Financial Analyst, Accounting, Auditing , Schaumburg, Illinois

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