Job Information
Zurich NA Reinsurance Financial Director in Schaumburg, Illinois
Reinsurance Financial Director
111952
Zurich is currently looking for a Reinsurance Finance Director that could work out of our North American headquarters in Schaumburg, Illinois.
The Reinsurance Finance Director is within Zurich's Group Reinsurance (Group Re) function, a global function within Zurich's global finance function. Reinsurance within this global function, encompasses everything involved in managing Zurich's reinsurance activities. These activities include internal and external treaty reinsurance purchasing, reinsurance finance & operations, reinsurance recoveries (claims), reinsurance asset management, reinsurance analytics, life reinsurance, reinsurance legal as well as responsibility for the governance and control over all forms of reinsurance (treaty, facultative and captive reinsurance) across the Zurich group. Group Reinsurance’s operating model is based on providing services out of four main hubs located in the United States, Switzerland, Toronto, and Bermuda.
The Reinsurance Finance Director will report directly to the Head of Reinsurance Finance & Recovery Management North America. This position will be directly accountable for ensuring the proper reinsurance accounting and recovery execution related to specific reinsurance related portfolios (property & casualty treaty, captive and auto warranty reinsurance portfolio). The concentration of this role will be the on attention to supporting the teams reporting to this position with leadership, prioritization, issue escalation and resolution, training and development, control oversight, and process and technology improvements. It is also expected to have strong influences in helping to run the overall operation in junction with strong collaboration with the current management team, as well as, our other key stakeholders (e.x., Financial Accounting & Reporting, Actuarial, Claims, etc.). This North American unit manages reinsurance recoverables in excess of $26 billion, is responsible for the proper annual accounting and settlement of approximately $10 billion of assumed and ceded premiums and has the fiduciary responsibility for reinsurance collateral of approximately $15 billion.
Basic Qualifications:
Bachelors Degree in Accounting or Finance and 10 or more years of experience in the Reinsurance area within the Insurance industryOR
High School Diploma or Equivalent and 12 or more years of experience in the Reinsurance area within the Insurance industry
Preferred Qualifications:
CPA / CPCU / CFA / CTP / MBA
Work experience within top tier auditing companies with focus on the reinsurance and insurance industry
Advanced knowledge of the reinsurance finance operations
Advanced knowledge of accounting concepts (both IFRS, STAT and/or OSFI)
Advanced understanding of financial reporting processes
Advanced understanding of internal controls and the audit function
Advanced leadership ability with experience leading other managers
Ability to manager and participate in large projects
Advance knowledge and experience working with reinsurance contracts
Knowledge of reinsurance claim recoverable process and link to direct claim processing required in certain roles
Technology experience related to one or more of the following areas: General ledger SAP, Financial Reporting systems, Business Objects or other query tool
Strong verbal and written communication skills
People management experience
As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).
A future with Zurich. What can go right when you apply at Zurich?
Now 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 clickhere (https://www.zurichna.com/careers) to learn more.
As 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
Zurich 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.
Location(s): AM - Schaumburg
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
Linkedin Recruiter Tag: #LI-AK1 #LI-DIRECTOR #LI-HYBRID