Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a (Senior) Financial Accountant (m/f/d), based in Munich.
The Impact You Will Have
In this role, you will manage and execute Allianz Commercial’s global accounting transactions and processes within the area of technical accounting, in particular reinsurance accounting. You will create and ensure efficient and compliant workflows to guarantee high quality by considering all relevant parameters for transactions and processes. You will also check the data delivered by cedents for plausibility. In addition, you will coordinate the intercompany consolidation of Allianz Commercial for assigned trading partners. Proactively contributing to projects and process improvement initiatives at a global level will also be part of your responsibilities. In this role, you will show high customer focus in dealing with internal and external stakeholders (e.g. cedents, reinsurers, Group Accounting, statutory auditors, BaFin, etc.).
Some of your specific responsibilities could include:
Ensure that all IFRS, GAAP and Statutory closing and reporting tasks (e.g. annual report, reporting to regulatory authorities, NAIC reporting, other internal/external reporting requirements) related to your own area of responsibility are accurate and timely on a global basis.
Complete assigned postings, Journal Entries and Account reconciliations on a periodic basis. Reconcile and resolve intercompany transactions within the affiliated company group.
Coordination, transfer and reconciliation of data from interfaces of front-end systems.
Take care of the monthly legal entity close submission activities, including posting of accruals, manual adjustments and other accounting transactions.
Document application of policies, procedures and workflow for your areas of responsibility.
Fully reconcile and substantiate all assigned accounts. Collect outstanding receivables and allocate cash timely.
Archive records to satisfy audit and statutory requirements.
Draft standards to improve quality as well as actively contribute in improving and implementing global operation cycles, processes and workflows as well as the implemention of global policies and procedures.
Assist internal clients (e.g. other departments) with reports, research and other activities. Identify items or discussion or resolution.
Take part in project work.
Manage relationship and show high customer focus in dealing with internal and external stakeholders (e.g. cedents, reinsurers, business units, Group Accounting, auditors, tax authorities, public authorities etc.).
What You’ll Bring to the Role
Degree preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline
Professional experience in reinsurance accounting or similar financial area
Understanding of standard accounting (IAS/IFRS, Solvency 2 and other local GAAP) in insurance and reinsurance
Experience in project and team work in an international and dynamic environment
Proven successful execution of account reconciliations
Good understanding of insurance financial statements and their performance measurement including drivers
Experience as active user of SAP BW and preferably SAP FI
Advanced expertise in Excel and/or Access to analyse data efficiently and draw the right conclusions. Expertise in VBA and Access are a plus
Ability to manage projects and handle complex processes (closing, reporting, finance operations) including understanding of data flows
Excellent analytical skills and problem solving skills
Good communication and presentation skills, including good Powerpoint skills to convey messages in a winning fashion.
Autonomous way of working and proactive approach
Fluent in English; German and/or French of advantage
48216 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent
What’s in it for you?
Let’s care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.
As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.
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