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Zurich NA Reinsurance Financial Associate in Pierre, South Dakota

Reinsurance Financial Associate


Zurich North America is currently looking for a Reinsurance Financial Associate to join our Ceded Reinsurance Team for Group Reinsurance. This role will report to the Ceded Reinsurance Manager. Qualified individuals in the Schaumburg area will be on a hybrid schedule reporting to the Schaumburg North America HQ. Qualified individuals outside of the Schaumburg area will be on a fully remote schedule. You will collaborate with your manager to set a schedule that supports you, your customers, and the team.


  • Perform reinsurance transactions including calculation, recording, accounting, reporting, and settlement

  • Provide support for various types of general and/or sub-ledger transactions relevant for local and Group reporting.

  • Process ceded premiums, calculate reinsurance recoverables, and pursue open recoverables

  • Reconcile reinsurance related activity, identify issues, coordinate resolutions, and take corrective actions

  • Reconcile premium or loss sub-ledger and provide management reports

  • Respond to reinsurance inquiries

  • Analyze and apply proper accounting and operational procedure for reinsurance contracts and transactions

Basic Qualifications:

  • Bachelor’s Degree and No prior experience required in the Reinsurance areaOR

  • High School Diploma or Equivalent and 2 or more years of experience in the Reinsurance area

Preferred Qualifications:

  • Prior experience to include a combination of accounting, reporting, insurance, reinsurance, and financial analysis background

  • Knowledge of reinsurance contracts

  • Knowledge of reinsurance claim recoverable process and link to direct claim processing

  • Comfortable in team settings

  • Ability to interact with the business unit and customers, utilize interpersonal skills, strong communication skills are needed.

  • Intermediate Microsoft Office skills.

  • Familiar with general ledger and financial reporting system.

  • Either have or working towards professional designations (CPA, CPCU, ARe)

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, click here (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 $52,300.00 - $85,600.00.

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 #LI-HYBRID