Zurich Insurance
Overview
Zurich North America is seeking a detail-oriented Reinsurance Financial Associate to strengthen 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 Multinational Facultative Reinsurance Manager. You’ll be part of a collaborative team that plays a key role in supporting Zurich’s risk strategy by ensuring accurate execution of ceded reinsurance transactions and partnering across finance, actuarial, underwriting, claims, and global reinsurance teams. 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 within area of responsibility, including timely response to all external inquiries as prescribed by department standards. Responds to basic internal and external audit inquiries and supports reinsurance audits. 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. Knowledge of reinsurance claim recoverable process and its link to direct claim processing. Comfortable working in team settings. Ability to interact with the business unit and customers, utilizing strong interpersonal skills and communication skills. Intermediate level Microsoft Office skills experience (Excel, Word, Outlook, etc). Familiarity with general ledger and financial reporting systems. Compensation and Additional Information
At Zurich, compensation for roles is influenced by a variety of factors, including office location, role, skill set, and level of experience. The proposed salary range for this position is $58,800.00 - $96,300.00, with short-term incentive bonus eligibility set at 10%. 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. Location(s): AM - Schaumburg; Remote Working: Hybrid; Schedule: Full Time; Employment Sponsorship Offered: No. LinkedIn Recruiter Tag Nearest Major Market: Chicago Apply now Apply Now Start apply with LinkedIn Please wait... We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Zurich North America is seeking a detail-oriented Reinsurance Financial Associate to strengthen 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 Multinational Facultative Reinsurance Manager. You’ll be part of a collaborative team that plays a key role in supporting Zurich’s risk strategy by ensuring accurate execution of ceded reinsurance transactions and partnering across finance, actuarial, underwriting, claims, and global reinsurance teams. 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 within area of responsibility, including timely response to all external inquiries as prescribed by department standards. Responds to basic internal and external audit inquiries and supports reinsurance audits. 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. Knowledge of reinsurance claim recoverable process and its link to direct claim processing. Comfortable working in team settings. Ability to interact with the business unit and customers, utilizing strong interpersonal skills and communication skills. Intermediate level Microsoft Office skills experience (Excel, Word, Outlook, etc). Familiarity with general ledger and financial reporting systems. Compensation and Additional Information
At Zurich, compensation for roles is influenced by a variety of factors, including office location, role, skill set, and level of experience. The proposed salary range for this position is $58,800.00 - $96,300.00, with short-term incentive bonus eligibility set at 10%. 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. Location(s): AM - Schaumburg; Remote Working: Hybrid; Schedule: Full Time; Employment Sponsorship Offered: No. LinkedIn Recruiter Tag Nearest Major Market: Chicago Apply now Apply Now Start apply with LinkedIn Please wait... We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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