Zurich North America
Recruiting Consultant at Zurich North America
Zuhurs North America is seeking a detail‑oriented Reinsurance Financial Associate to strengthen our Ceded Reinsurance Team. This position is based at our North American headquarters in Schaumburg, Illinois.
About the Role This role sits within Group Reinsurance at Zurich North America and reports to the Multinational Facultative Reinsurance Manager. You’ll be part of a collaborative team that supports Zurich’s risk strategy by ensuring accurate execution of ceded reinsurance transactions and partnering across finance, actuarial, underwriting, claims, and global reinsurance teams.
The Reinsurance Financial Associate will support the accounting of reinsurance transactions, with a focus on maintaining accurate records and reconciliations for ceded premium payable and ceded loss recoverable accounts. Responsibilities include settling ceded premium payables, preparing regular loss bordereaux reports and facultative claims billings, and ensuring timely collection of ceded loss recoverable balances.
Responsibilities
Analyze and apply proper accounting and operational procedure for reinsurance contracts and transactions.
Review reinsurance reporting, reconcile reinsurance‑related activity, investigate discrepancies, identify issues, and coordinate timely resolutions with internal and external stakeholders.
Settle ceded premium in accordance with contract terms, internal control procedures, and department standards.
Prepare loss bordereaux reports and facultative loss billings.
Reconcile ceded premium payable and ceded loss recoverable subledger activity, providing documentation for management reports.
Prepare reinsurance journal entries.
Lead relationship and communication with internal Zurich business partners and external reinsurance customers, providing timely responses to inquiries.
Respond to basic internal and external audit inquiries and support reinsurance audits.
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 in accounting, reporting, insurance, reinsurance, and financial analysis.
Knowledge of reinsurance claim recoverable process and its link to direct claim processing.
Comfortable working in team settings.
Strong interpersonal and communication skills.
Intermediate level Microsoft Office skills (Excel, Word, Outlook).
Familiarity with general ledger and financial reporting systems.
Compensation The proposed salary range for this position is $58,800.00 – $96,300.00, with short‑term incentive bonus eligibility set at 10%.
Location & Schedule Location(s): AM – Schaumburg, Illinois. Remote Working: Hybrid. Schedule: Full Time.
Equal Opportunity Employer Zurich 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.
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About the Role This role sits within Group Reinsurance at Zurich North America and reports to the Multinational Facultative Reinsurance Manager. You’ll be part of a collaborative team that supports Zurich’s risk strategy by ensuring accurate execution of ceded reinsurance transactions and partnering across finance, actuarial, underwriting, claims, and global reinsurance teams.
The Reinsurance Financial Associate will support the accounting of reinsurance transactions, with a focus on maintaining accurate records and reconciliations for ceded premium payable and ceded loss recoverable accounts. Responsibilities include settling ceded premium payables, preparing regular loss bordereaux reports and facultative claims billings, and ensuring timely collection of ceded loss recoverable balances.
Responsibilities
Analyze and apply proper accounting and operational procedure for reinsurance contracts and transactions.
Review reinsurance reporting, reconcile reinsurance‑related activity, investigate discrepancies, identify issues, and coordinate timely resolutions with internal and external stakeholders.
Settle ceded premium in accordance with contract terms, internal control procedures, and department standards.
Prepare loss bordereaux reports and facultative loss billings.
Reconcile ceded premium payable and ceded loss recoverable subledger activity, providing documentation for management reports.
Prepare reinsurance journal entries.
Lead relationship and communication with internal Zurich business partners and external reinsurance customers, providing timely responses to inquiries.
Respond to basic internal and external audit inquiries and support reinsurance audits.
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 in accounting, reporting, insurance, reinsurance, and financial analysis.
Knowledge of reinsurance claim recoverable process and its link to direct claim processing.
Comfortable working in team settings.
Strong interpersonal and communication skills.
Intermediate level Microsoft Office skills (Excel, Word, Outlook).
Familiarity with general ledger and financial reporting systems.
Compensation The proposed salary range for this position is $58,800.00 – $96,300.00, with short‑term incentive bonus eligibility set at 10%.
Location & Schedule Location(s): AM – Schaumburg, Illinois. Remote Working: Hybrid. Schedule: Full Time.
Equal Opportunity Employer Zurich 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.
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