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Senior Technical Accounting Specialist

Job Purpose: Perform designated tasks in the area of technical sub-ledger accounting related to all lines of business. Perform and review tasks related to period end financial closing.

In this role you will…
  • Support daily operations of technical sub-ledger accounting activities for all lines of business (Core, Multinationals, Surety) including recording journal entries, reconciliation, analytics and variance analysis, and provide sufficient supporting documentation.
  • Investigate and resolve discrepancies by actively collaborating and communicating across departments.
  • Prepare and present recommendations for immediate action or proposals for policy/process change.
  • Develop policies and procedures for new areas such as the Surety Claims accounting.
  • Monitor Surety expense accruals to ensure accuracy of accrual balances and ensure proper reconciliation of pass through expenses to revenues collected.
  • Support and improve policies and procedures necessary to drive efficiency and maintain proper accounting records.
  • Review accounting entries posted to the general ledger to ensure proper accounting treatment.
  • Build journal entries from scratch with all necessary information to post correctly.
  • Work closely with other teams to ensure proper premium accounting and make manual corrections as needed.
  • Prepare complex monthly bank reconciliations.
  • Develop from scratch complex monthly balance sheet reconciliations.
  • Responsible for leading various bank reconciliation research efforts, coordinating with the GL, Reporting and Investments, Policy Administration, and Customer Accounting teams for timely resolution of reconciling items.
  • Responsible for reconciling intercompany AP, AR, and P&L for all other BUs.
  • Prepare monthly and quarterly reports and deliver them to the financial controlling team.
  • Perform complex manual processes necessary to maintain proper accounting records and develop ways to automate them.
  • Support General Accounting and take on work as necessary to avoid backlog.
  • Present to management premium results monthly including thorough explanations on insurance revenues, service revenues, and bad debt. Able to speak to analytical results.
  • Perform regular analytics prior to, during, and post monthly close.
  • Investigate and resolve discrepancies and fluctuations resulting from analytics performed by collaborating with other teams to determine accurate results.
  • Take on ad-hoc specialized, detailed, complex projects on a regular basis.
  • Fully understand all lines of business (Core, Multinational, Surety) and subsets within regarding accounting processes and workflows.
  • Assist with mentoring staff and senior accountants on technical and general accounting teams.
  • Responsible for preparing documentation and providing explanations as requested by internal and external auditors and regulators.
  • Take initiative to ensure all urgent matters are properly addressed as efficiently and accurately as possible.
  • Meet with teams individually to obtain necessary information to resolve accounting related issues.
  • Manage issues and present to management potential resolutions and carryout agreed resolution.

Required Qualifications and Skills
  • 7+ years accounting experience
  • 4+ years as a seasoned senior accountant
  • Public accounting a plus
  • Knowledge of insurance accounting a plus
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.

Job Level:
Professional
Location:
Owings Mills, MD, US, 21117
Area of Expertise:
Finance & Accounting
Unit:
Allianz Trade
Employing Entity:
Euler Hermes North America Insurance Com
Job Type:
Full Time or Part Time
Remote Job:
Hybrid working
Employment Type:
Permanent
ID:
28442
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CEO of Allianz Trade
Allianz Trade CEO photo
Aylin Somersan Coqui
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Allianz Trade is the trademark used to designate a range of services provided by Euler Hermes. We are the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and politica...

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DATE POSTED
August 5, 2023

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