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Zurich NA Reinsurance Financial Manager in Annapolis, Maryland

Reinsurance Financial Manager


Zurich North America is currently hiring a Reinsurance Financial Manager and this person can either work out of our North America HQ in Schaumburg, IL OR remotely for the right person. This person will report to a AVP of Group Reinsurance Finance.

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 recoverable, $9 billion of assumed and ceded premiums and has the fiduciary responsibility for reinsurance collateral of approximately $15 billion.

This Reinsurance Financial Manager is responsible for managing a team that is accountable for handling complex reinsurance transactions for Global Energy, Bermuda ZGL and WAQS business ensuring compliance with terms and conditions of the reinsurance agreements, proper accounting methodology and departmental standard operating procedures. Additionally, this position is also responsible for team’s workflow governance, financial and performance analysis, complex issue resolution and technical training and mentoring. This position will also collaborate with the Group Re Reporting team having shared resources, ZNA Financial Reporting and Switzerland team on quarterly and annual deliverables.

Additional responsibilities will include:

  • Supporting team in analyzing and applying proper accounting and operational procedures for complex reinsurance contracts

  • Providing direction to team to perform proper calculations, recording, accounting, reporting, billings and settlement of complex reinsurance transactions

  • Oversight of handling reinsurance claims of medium to high complexity

  • Support team in identifying issues and coordinate resolution

  • Manage team in developing, preparing, analyzing, or reviewing complex internal or external reinsurance reports, financial statements, key performance indicators, variance analysis, g/l reconciliations or scorecards

  • Coaching and mentoring team with complex reinsurance agreement and individual transactional responsibilities

  • Identifying and supporting team in identifying simplification and efficiency efforts of operational processes

  • Collaborating with team ensuring proper protocols and procedural documentation in place

  • Collaborating with appropriate stakeholders for operational set-up of new reinsurance agreements

  • Lead and coordinate projects – multitasking projects and business as usual

  • Assisting and providing feedback to audit request

Basic Qualifications:

  • Bachelor’s Degree in Accounting or Finance and 6 or more years of experience in the Reinsurance area within the Insurance industry OR

  • High School Diploma or Equivalent and 8 or more years of experience in the Reinsurance area within the Insurance industry

Preferred Qualifications:

  • CPA / CPCU / CFA / CTP

  • People management experience

  • Advanced knowledge of reinsurance contracts

  • Advanced knowledge of reinsurance claims recoverable process and link to direct claim processing

  • Intermediate to advanced Microsoft Office and project experience

  • Technology experience related to one or more of the following areas: General ledger, financial reporting systems, Business Objects or other query tools

  • Strong verbal and written communication skills

As a condition of employment at Zurich, employees must adhere to our COVID-related health and safety protocols ( https://www.zurichna.com/careers/faq ), including, without limitation, a requirement that employees attest as to their vaccination status with a YES/NO, and upload proof of vaccination status, or a negative COVID test result when applicable, to a third-party vendor. These protocols are continuously re-evaluated and the requirements may change at any time.

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please clickhere (https://www.zurichna.com/careers) to learn more.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet

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.

Location(s): AM - Schaumburg, AM - Remote Work (US)

Remote Working: Yes

Schedule: Full Time

Linkedin Recruiter Tag: #LI-MG1