Zurich NA Reinsurance Financial Associate in Springfield, Illinois
Reinsurance Financial Associate
Zurich Services LLC (a division of Zurich North America) is currently hiring a Reinsurance Financial Associate on the Treaty and Pools Team and this person will report to a Reinsurance Finance Manager within Group Reinsurance. The ideal candidate can work ivirtual/remotely anywhere in the U.S.
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.
The Reinsurance Financial Analyst analyzes and performs basic to intermediate reinsurance accounting transactions and financial reporting, ensuring compliance with terms and conditions of the reinsurance agreements and department standards. The job entails preparations of statements of accounts, settlement, collection, cash application in the subledgers, reconciliations and analysis for proper accounting and reporting.
Additional responsibilities include:
Identify, calculate, record, report and settle premium and loss reinsurance in relation to contract terms and department standards. Includes handling and collection of reinsurance claims of basic to moderate complexity
Reconcile basic to moderate detail reinsurance related activity, identify issues, coordinate resolution, and take corrective actions as directed. Update financial and underwriting and/or claim systems, accordingly
Prepare and analyze internal and external reports in accordance with regulatory and/or departmental guidelines. Analysis includes reviewing for trends, anomalies, and reconciliation to key data sources
Prepare journal entries
Perform General Ledger account reconciliations
Lead relationship and communication with internal Zurich business partners and external reinsurance customers within area of responsibility, including timely response to all external inquiries as prescribed by department standards
Provide ongoing work-flow status, risk assessment and issue insight to Group Reinsurance management and internal and external stakeholders
Document procedures for assigned accounts and tasks
- Bachelor’s degree and no prior experience required in the Reinsurance area
- High School Diploma or Equivalent and 2 or more years of experience in the Reinsurance area
Insurance industry experience
Knowledge of reinsurance contracts
Knowledge of reinsurance claim recoverable process and link to direct claim processing
Intermediate level Microsoft Office skills
Technology experience related to one or more of the following areas: General ledger, financial reporting systems
Strong verbal and written communication skills
A future with 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 148 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 click here (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 - Remote Work (US)
Remote Working: Yes
Schedule: Full Time
Linkedin Recruiter Tag: #L1-MM1