Reinsurance Financial Associate

Zurich North America is currently seeking an intellectually curious Reinsurance Financial Associate to join our Ceded Reinsurance Team within the broader Group Reinsurance function. This position is based at our North American headquarters in Schaumburg, Illinois. Local candidates will follow a hybrid work schedule, with in-office days coordinated with your manager to support collaboration, business needs, and your personal flexibility.

About the Role:

This role sits within Group Reinsurance at Zurich North America and reports to the Ceded Reinsurance Manager. You’ll be part of a collaborative team responsible for managing reinsurance financial operations and reporting. The team plays a key role in supporting Zurich’s risk strategy by ensuring accurate execution of ceded reinsurance transactions and partnering across finance, actuarial, underwriting, and global reinsurance teams. 

Responsibilities include:

• Perform reinsurance transactions including calculation, recording, accounting, reporting, and settlements
• Provide support for various types of general and/or sub-ledger transactions relevant for local and Group reporting
• Process ceded premiums
• Reconcile reinsurance related activity, investigate discrepancies, identify issues, and coordinate timely resolutions with internal and external stakeholders
• Reconcile premium sub-ledger and provide management reports
• Respond to reinsurance inquiries
• Analyze and apply proper accounting and operational procedure for reinsurance contracts and transactions

Basic Qualifications: 

• Bachelor’s Degree and No prior experience required in the Reinsurance area
  OR
• High School Diploma or Equivalent and 2 or more years of experience in the Reinsurance area

Preferred Qualifications:

• Prior experience to include a combination of accounting, reporting, insurance, reinsurance, and financial analysis background
• Knowledge of reinsurance contracts
• Knowledge of reinsurance claim recoverable process and link to direct claim processing
• Comfortable in team settings
• Ability to interact with the business unit and customers, utilize interpersonal skills, strong communication skills are needed
• Intermediate Microsoft Office skills
• Familiar with general ledger and financial reporting system
• Either have or working towards professional designations (CPA, CPCU, ARe)

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 $58,800.00 - $96,300.00, 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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