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Zurich NA Reinsurance Financial Senior Analyst in Madison, Wisconsin

Reinsurance Financial Senior Analyst


Zurich is currently looking for a Reinsurance Financial Senior Analyst reporting to the Reinsurance Controller working out of our North American headquarters in Schaumburg, Illinois or remotely.

This position is responsible for handling complex reinsurance transactions, ensuring compliance with terms and conditions of the reinsurance agreements, proper accounting methodology and departmental standard operating procedures. Responsible for team workflow governance, financial and performance analysis, complex issue resolution, and technical training.

Additional responsibilities will include:

  • Analyzing and applying proper accounting and operational procedures for complex reinsurance contracts

  • Providing direction and/or performing proper calculations, recording, accounting, reporting, and settlement of complex reinsurance transactions

  • Handling reinsurance claims of medium to high complexity

  • Performing or providing oversight for complex reinsurance related activity (e.g., commutations, deposit and retroactive accounting, clash cessions, complex multi-policy or multi-claim cessions, cessions with occurrence issues, etc.)

  • Deputy to Reinsurance Controller, identify issues and coordinate resolution

  • Communicating with management, reinsurers, customers, and high-level representatives from other departments (e.g., Claims, Actuarial, Finance)

  • Developing, preparing, analyzing, or reviewing complex internal or external reinsurance reports, financial statements, key performance indicators, or scorecards

  • Providing complex reinsurance agreement and individual transactional oversight responsibilities, including coaching, and mentoring for team

  • Identifying simplification and efficiency efforts of operational processes

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

  • Leading project management efforts of cross-departmental initiatives

  • Providing for own and/or oversight of others for review and updating of Standard Operating Procedures related to operational and governance functions

  • Acting as a subject matter expert with respect to the relationship between teamwork flows, key control elements, and administration of governance function, along with key dependencies and outputs created outside of Group Reinsurance processing

  • Providing complex reporting analysis to resolve issues and inquiries through data query tools, including Business Objects

  • Assisting and providing feedback to audit requests

Basic Qualifications:

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

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

Preferred Qualifications:


  • Advanced knowledge of accounting and reinsurance contracts

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

  • Intermediate to advanced Microsoft Office skills

  • 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

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards,clickhere (https://www.zurichna.com/careers/benefits) .Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The starting salary range for this position is $72,800.00 - $119,200.

As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).

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

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-MF1 #LI-ASSOCIATE