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Senior Financial Analyst

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Allianz Reinsurance America, Inc.
Full Time position
Listed on 2026-07-08
Job specializations:
  • Finance & Banking
    Financial Reporting, Financial Analyst
  • Accounting
    Financial Reporting, Financial Analyst
Salary/Wage Range or Industry Benchmark: 88000 USD Yearly USD 88000.00 YEAR
Job Description & How to Apply Below

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including the 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 nationwide, most working remotely.

Under general direction, the Finance Analyst Senior is responsible for carrying out tasks within a specific Finance functional area (e.g., accounting, reinsurance, planning or risk). The role handles routine to complex matters, including preparing required financial reports, creating accounting journal entries and posting to ledger systems, preparing general ledger reconciliations, assisting in the planning process, and billing and collecting from external parties and intercompany affiliates.

Responsibilities

Reporting & Analysis
  • Prepare general ledger reconciliations, accounting and financial reports for management, government and regulatory agencies
  • Interpret accounting data, analyze reports and recommend appropriate actions
  • Analyze and interpret new accounting principles as established by regulatory bodies (e.g., FASB, NAIC, AICPA, SEC and Allianz)
  • Compile monthly plan vs actuals for revenue and expenses and prepare quarterly balance‑sheet analysis
  • Prepare slides, summaries and talking points for the quarterly close meetings
  • Present the quarterly financial results, including plan‑vs‑actual performance, during close meetings
  • Prepare the forecast and plan and work closely with department leaders
Transactions
  • Complete the monthly, quarterly, and annual close process to ensure timely, accurate and compliant financial statements
  • Prepare, review, and analyze journal entries, account reconciliations, accruals and variance explanations
  • Complete accounting worksheets, journal entries, controls and reports in accordance with GAAP, Statutory and IFRS Accounting Procedures for the insurance industry
  • Partner with cross‑functional teams to gather financial data, validate transactions and resolve discrepancies
  • Bill and collect from intercompany affiliates and external parties; proactively identify collection issues and recommend effective solutions
Projects & Initiatives
  • Drive process improvements within immediate team and Finance department
  • Participate in company‑wide projects and initiatives as needed
  • Utilize artificial intelligence tools and resources (e.g., generative AI)
Qualifications
  • 4–5 years of experience in casualty insurance and/or reinsurance, accounting or finance; proficiency with Microsoft Office and navigating multiple systems, including accounting/sub‑ledger
  • Four‑year degree in Accounting, Finance, Business or related field, or equivalent relevant work experience
  • Legally authorized to work in the U.S. without requiring future immigration sponsorship (e.g., no H1‑B, L‑1, TN; CPT/OPT not eligible)
  • Limited domestic and/or international travel may be required
Compensation

Job Posting range: $88,000.00 to $ (exclusive of benefits or other compensation). This role is also eligible for an annual incentive program. Base salary will be determined based on geographic location, experience, skills, competencies, education and internal equity.

Benefits

Allianz Group is one of the most trusted insurance and asset‑management companies in the world. We care for our employees, their ambitions, dreams, and challenges, creating an environment where everyone feels empowered to explore, grow and shape a better future for our customers and the world.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

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Position Requirements
10+ Years work experience
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