Reinsurance Financial Analyst

Zurich North America is seeking a Reinsurance Financial Associate to join our Reinsurance team.  This position will be based in our Schaumburg, IL.

This position analyzes and performs intermediate to complex reinsurance transactions and financial reporting ensuring compliance with terms and conditions of the reinsurance contracts.

Additional Responsibilities Include:

• Identify, calculate, record, report and settle premium and loss reinsurance in relation to contract terms and department standards
• Handling and collection of reinsurance claims of moderate to high complexity
• Reconcile complex 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
• Provide training and oversight review for account and processing responsibilities assigned to outsourced vendor and peer accounts
• Communicate with supervisors, reinsurers, customers and representatives from other departments
• Ensure timely, accurate, and complete calculations, recording, reporting and billing of reinsurance losses and/or premium, in accordance with contract terms and department standards
• Pursue open recoverables in a timely and professional manner
• Ensure established policy, procedures and operating standards are being met for ass assigned responsibilities
• 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 workflow status, risk assessment, and issue insight to Group reinsurance management and interna and external stakeholders  

Basic Qualifications:
 

• Bachelor’s Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area
  OR

• Zurich Certified Insurance Apprentice, including Associate Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area
  OR

• High School Diploma or Equivalent and 6 or more years of experience in the Reinsurance, Insurance or Finance area

Preferred Qualifications:

• Insurance industry experience
• 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
• Intermediate level Microsoft Office skills experience
• Technology experience related to one or more of the following areas: General ledger, financial reporting systems
• Strong verbal and written communication skills

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The proposed salary range for this position is $64,600.00 - $105,900.00, with short-term incentive bonus eligibility set at 10%.

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

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 click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. 

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
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
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