Finance Specialist | Remote

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance. AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities.

AZRA has approximately 150 employees located nationwide with the majority working on a remote basis.

Under minimal direction, the Finance Specialist is responsible for carrying out tasks within a specific Finance functional area (e.g., accounting, reinsurance, planning or risk). The Finance Specialist is able to handle highly complex matters and provide support to other areas within the Company including Claims and Operations. Specific tasks can include preparing required financial reports, creating accounting journal entries and posting to ledger systems, bill and collect reinsurance recoverables or perform risk capital calculations. As top technical level, provide guidance and direction to experienced analysts.

What you do:

The job function varies by area within Finance, with this position located within the Accounting & Reporting Team, and can include the following:

Reporting & Analysis:

• Prepare and post journal entries

• Prepare financial data and enter into subledgers

• Prepare general ledger reconciliations, accounting and financial reports for management, government and regulatory agencies.

• Interpret accounting data, analyze reports and recommend appropriate actions to be taken.

• Analyze and interpret new accounting principles as established by regulatory bodies (e.g., FASB, NAIC, AICPA, SEC and Allianz).

• Support financial audits.

Transactions:

• Complete accounting worksheets, journal entries, cash application, controls and reports in accordance with GAAP, Statutory and IFRS Accounting Procedures for the insurance industry.

• Interpret reinsurance contracts and apply reinsurance terms.

• Support analysis and booking related to commutations, novations and schemes.

Projects & Initiatives:

• Drive process improvements within immediate team and Finance department.

• Participate in company-wide projects and initiatives as needed.

• May have lead responsibilities for special projects.

What you bring:

• Reinsurance and/or Insurance background preferred

• 6-7 years of accounting experience required

• 5 + years of College level coursework in accounting or finance

• General knowledge of IFRS and US Statutory accounting principles and reporting requirements.

• Flexible and knowledgeable with tasks related to both Accounting & Reporting.

• Ability to communicate effectively and work under pressure to meet deadlines.

• Knowledge of automated accounting systems (SAP Preferred).

• Ability to analyze and interpret financial operating statements.

• Ability to interpret management and statutory requirements to define specifications for reports.

• Ability to evaluate, summarize and present results of analyses.

Base Salary Range $100,000 - $125,000

Actual base salary may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program.

49689 | Finance & Accounting | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent

What we offer:

At Allianz Life, we're proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, health savings account, tuition reimbursement, student loan retirement plan, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us. We care for tomorrow.

Nearest Major Market: Minneapolis