Reinsurance Financial Analyst
Zurich Insurance Company Ltd.
Schaumburg, IL
Reinsurance Financial Analyst Location Remote in Schaumburg, IL : pspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackZurich North America is currently hiring a Reinsurance Financial Analyst reporting to the Reinsurance Financial Supervisor on the Reinsurance CoE team./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackThe ideal candidate can work in Schaumburg, IL, Philadelphia, PA, or remotely./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackThis position analyzes and performs intermediate to complex reinsurance transactions and financial reporting ensuring compliance with terms and conditions of the reinsurance agreements and department standards. Responsibilities for training and oversight reviews of peer and vendor assigned transactional processing./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackKey Accountabilities: /span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackIdentify, calculate, record, report and settle premium and loss reinsurance in relation to contract terms and department standards. May include 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 (e.g., Claims, Actuarial, Finance). 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 all 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 work flow status, risk assessment, and issue insight to Group Reinsurance management and internal and external stakeholders./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackAdditional Job Functions/span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackMay file corporate financial results utilizing Finance Integrated Platform software. May participate in inter-department group teams on moderately complex projects and/or process improvement efforts. Identify and implement desk level process improvement opportunities. Understand relationship between assigned work flows, key control elements, and administration of governance function across the departmental and/or team process flow./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackBusiness Accountabilities/span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackMonitor and review financial information to ensure management has the most up to date information; this may involve preparing management packs in relation to large losses/catastrophic events or collaborating with Reinsurance Pricing/Analytics to ensure Monthly Hard Close. Regular monitoring and reporting to reinsurance managers of reinsurance business tracking/testing requirements to enable initiatives which improve Reinsurance Financial Analysis performance to be successful. Undertake investigations and inspections of data, process and practice in accordance with Zurich Risk Policy and Zurich Basics to identify potential or actual compliance issues and recommend appropriate action. Independently monitor and analyze data according to pre-determined tools, methods and formats and initiate the appropriate action to support Reinsurance Financial Analysis plans. Assess and evaluate reinsurance technical support work in order to identify opportunities for improvement. Review and interpret information and advise internal clients of appropriate action to fulfill procedural and regulatory requirements./span/span/span/span/span/span/pp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackPerformance Management Accountabilities/span/span/span/span/span/span/pp /pul style=margin-bottom: 11.0pxlispan style=font-size: 11.0ptspan style=color: blackspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifModel behaviors that demonstrate commitment to corporate values. /span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspan style=color: blackspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifProvide input into performance management discussions of project team members. /span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspan style=color: blackspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifEducate team members and business partners on area of technical expertise. /span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspan style=color: blackspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifProvide guidance and support for team members. /span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspan style=color: blackspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifTake action to manage own personal development and encourage others to do the same./span/span/span/span/span/span/span/li/ulp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackBasic Qualifications/span/span/span/span/span/span/pp /pul style=margin-bottom: 11.0pxlispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackBachelors Degree and 4 or more years of experience in the Reinsurance, Insurance, or Finance areabrOR/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackZurich Certified Insurance Apprentice, including Associate Degree and 4 or more years of experience in the Reinsurance, Insurance, or Finance area/span/span/spanbrspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifOR/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackHigh School Diploma or Equivalent and 6 or more years of experience in the Reinsurance, Insurance, or Finance area brAND/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackMicrosoft Office experience /span/span/span/span/span/span/span/li/ulp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackPreferred Qualifications/span/span/span/span/span/span/pp /pul style=margin-bottom: 11.0pxlispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackExperience in Excel - Intermediate/Advanced/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackInsurance industry experience/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackKnowledge of reinsurance contracts/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackDemonstrate team-oriented experience/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackKnowledge of AR/AP (accounts receivable /payable)/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackKnowledge of reinsurance claim recoverable process and link to direct claim processing/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackTechnology experience related to one or more of the following areas: General ledger, financial reporting systems and good knowledge of reconciliations./span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackKnowledge of Captive Reinsurance accounting helpful, but not required/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackAbility to multi-task, working on many projects/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackStrong verbal and written communication skills/span/span/span/span/span/span/span/lilispan style=font-size: 11.0ptspanspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspan style=font-family: #39;Arial#39;, sans-serifspan style=color: blackStrong analytical and problem-solving skills /span/span/span/span/span/span/span/li/ulp /ppspan style=font-size: 11.0ptspanspan style=font-family: Calibri, sans-serifspan style=font-size: 9.0ptspanspan style=font-family: #39;Arial#39;, sans-serifCompensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, click /span/span/spana href= style=color: blue;text-decoration: underlinespan style=font-size: 9.0ptspanspan style=font-family: #39;Arial#39;, sans-serifhere/span/span/span/aspan style=font-size: 9.0ptspanspan style=font-family: #39;Arial#39;, sans-serif. Other rewards may include short term incentive bonuses and merit increases. bCandidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. /b/span/span/spanThe salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. span style=font-size: 10.0ptspanThe starting salary range for this position is $63,300.00 - $103,700.00./span/span/span/span/span/pdiv/divpbrspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifAs a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time (a href= target=_blank /ppspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifA future with Zurich. What can go right when you apply at Zurich?/span/span/pp /ppspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifNow 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 a href= to learn more./span/span/pp /ppspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifAs 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 /span/span/pp /ppspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifZurich 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. /span/span/pp /ppspan style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serifLocation(s): AM - Schaumburg, AM - Philadelphia, AM - Remote Work (US)brRemote Working: YesbrSchedule: Full TimebrEmployment Sponsorship Offered: No/span/span span style=font-size: 12.0pxspan style=font-family: Arial, Helvetica, sans-serif br brspan style=color: #ffffffLinkedin Recruiter Tag: #LI-AK1 #LI-ASSOCIATE #LI-REMOTE /span/span/span/pp /pp /p
Posted 2025-11-04
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