Share this Job
Apply now »

Reinsurance Constructs and Accounting Specialist


The IPZ Reinsurance Constructs and Accounting team is seeking a Reinsurance Constructs and Accounting Specialist to focus on international reinsurance transactions with an end-to-end view. Schaumburg is the preferred location, but we are open to the position being remote as well. In this service-oriented role you will coordinate with regional Zurich offices to ensure accurate reinsurance transactions via the SAP/ZIRIS system and you will be responsible for the reconciliation and settlement process of these transactions with external reinsurers.  You will work in a dynamic, international environment and will communicate daily with a variety of Zurich internal stakeholders, external reinsurers and customers, and manage complex cases in an international environment.  Project work, training and occasional travel are a part of this role.  


If you have a drive to get things done, are open minded and will put the customer at the center of your actions and have a team mentality but enjoy tackling problems and proactively resolving issues quickly this position might be a great fit for you.


Additional Responsibilities of this role include: 


  • Ensuring the correct set-up of Captive, Co-Reinsurance and Facultative Reinsurance structures within the SAP/ZIRIS system.
  • Execution of technical bookings and related payments
  • Timely and correct reconciliation of technical bookings with related cash items
  • Performing analysis on existing SAP/ZIRIS reinsurance structures and corrections as required
  • Clarifications related to cash clearing for any overdue un-cleared items. 
  • Monitoring progress and report on delays, develop action plans to reduce impact on closing processes where required.
  • Data analysis and interpretation in order to identify patterns and proactively provide solutions.
  • Providing excellent service to internal and external stakeholders and maintain good relationships with them.
  • Continuous review, documentation and improvement of existing internal processes
  • Active participation in project work and training initiatives


Basic Qualifications:


  • Bachelors Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area
  • Zurich Certified Insurance Apprentice, including Associate Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area
  • High School Diploma or Equivalent and 6 or more years of experience in the Reinsurance, Insurance or Finance area
  • Microsoft Office experience


Preferred Qualifications:


  • Intermediate knowledge of reinsurance contracts
  • Intermediate knowledge of reinsurance claim recoverable process and link to direct claim processing
  • Experience in accounts receivable /payable, as well as account reconciliation
  • 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
  • A good understanding of international program business and knowledge of SAP FS-CD is a strong asset
  • Strong analytical skills to combine the relevant information, to form general rules and/or draw conclusions
  • Ability to manage multiple priorities and proactively identify potential issues or risks and to work with tight deadlines
  • Strong intercultural and communication skills, ability to drive change
  • Advanced MS Office skills, especially Excel and PowerPoint



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 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: No

Schedule: Full Time


Linkedin Recruiter Tag: #LI-BN1 

Nearest Major Market: Chicago

Apply now »