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Financial Associate Jobs in Elgin, IL (NOW HIRING)

Aligned Talent Acquisition

Finance Associate

Chicago, IL · Hybrid

$325K - $450K/yr

Chicago | Hybrid Finance Associate Attorney AmLaw 20 Opportunity Compensation $325,000 - $450,000 ... This opportunity is ideal for an attorney interested in representing financial institutions ...

5 Legal

Finance Associate

Chicago, IL · On-site

Top 100 AmLaw firm seeks an associate to join its Finance Practice Group in their Chicago office. Qualified candidates must have 3-5 years of solid and meaningful experience in the areas of ...

Praytell

Finance Associate

Chicago, IL · On-site +1

$55K - $65K/yr

The Opportunity As a Finance Associate, you will: * Support the client invoicing process by ... Maintain accurate financial records and support the day-to-day financial management of client ...

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All JobsFinancial Associate JobsFinancial Associate Jobs in Elgin, IL

Financial Associate information

See Elgin, IL salary details

$30.1K

$69.6K

$136.4K

How much do financial associate jobs pay per year?

As of Jul 17, 2026, the average yearly pay for financial associate in Elgin, IL is $69,562.00, according to ZipRecruiter salary data. Most workers in this role earn between $49,400.00 and $76,100.00 per year, depending on experience, location, and employer.

What can you do with associates in finance?

A financial associate typically performs tasks such as analyzing financial data, preparing reports, assisting with budgeting, and supporting investment or banking activities. They often use tools like Excel and financial software, and may pursue certifications like the CFA or CPA to advance their careers.

How much does a finance associate earn?

The average salary for a financial associate typically ranges from $50,000 to $70,000 per year, depending on experience, location, and industry. Entry-level positions may start lower, while experienced professionals or those with specialized skills can earn higher salaries. Certifications like CFA or CPA can also influence earning potential.

What does a financial associate do?

A financial associate supports financial operations by analyzing data, preparing reports, and assisting with budgeting and investment activities. They often use financial software and require strong analytical skills to help clients or organizations meet their financial goals.

What are the key skills and qualifications needed to thrive as a Financial Associate, and why are they important?

To thrive as a Financial Associate, you need strong analytical skills, attention to detail, and a foundational understanding of finance or accounting, often backed by a relevant degree. Familiarity with financial modeling tools, spreadsheets, and enterprise resource planning (ERP) systems such as SAP or Oracle is typically required, and certifications like CFA or CPA are advantageous. Excellent communication, problem-solving abilities, and teamwork are soft skills that help you excel in this role. These skills are crucial for ensuring accurate financial analysis, effective reporting, and successful collaboration within financial teams and with clients.

What is the difference between Financial Associate vs Financial Analyst?

AspectFinancial AssociateFinancial Analyst
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or CPA are a plusBachelor's degree in finance, economics, or related; often requires CFA or similar certifications
Work EnvironmentBanking, investment firms, corporate finance departmentsInvestment firms, banks, corporate finance, consulting
Employer & Industry UsageCommonly employed in financial services, banking, and corporate financeUsed in investment analysis, asset management, and corporate strategy

Financial Associates typically handle client accounts, support financial transactions, and assist with reporting. Financial Analysts focus on analyzing financial data, preparing reports, and providing investment recommendations. While both roles require similar credentials and work in related environments, Financial Analysts tend to have a stronger emphasis on data analysis and strategic insights.

What are some common challenges Financial Associates face when managing multiple client portfolios?

Financial Associates often juggle multiple client accounts, each with unique goals and risk profiles. A common challenge is staying organized and ensuring timely communication, especially during periods of market volatility. Prioritizing tasks, leveraging financial management software, and maintaining strong attention to detail are essential for meeting client expectations and regulatory requirements. Collaborating closely with senior advisors and support teams can also help manage workload and deliver high-quality service.

What is the work of a finance associate?

A finance associate supports financial operations by preparing reports, analyzing data, and assisting with budgeting and forecasting. They often use financial software and require strong analytical skills to help organizations manage their financial health effectively.
What are the most commonly searched types of Financial jobs in Elgin, IL? The most popular types of Financial jobs in Elgin, IL are:
What job categories do people searching Financial Associate jobs in Elgin, IL look for? The top searched job categories for Financial Associate jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Financial Associate jobs? Cities near Elgin, IL with the most Financial Associate job openings:
Financial Associate jobs near you
Infographic showing various Financial Associate job openings in Elgin, IL as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 28% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $69,562 per year, or $33.4 per hour.
Reinsurance Financial Associate

Reinsurance Financial Associate

Zurich Insurance Group

Schaumburg, IL • Hybrid

Other

Posted 2 days ago

New

Job description

Zurich North America is currently 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. 

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.  You will be responsible for settling ceded premium payables and preparing regular loss bordereaux reports and facultative claims billings, helping ensure 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.
  • Complete monthly general ledger reconciliations.
  • Reconcile daily reinsurance cash from bank to ledger.  
  • Assign incoming cash to the appropriate individual or team, and respond to inquiries related to reinsurance cash.
  • 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.

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 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.

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us.

The pay range shown is a national average and may vary by location. The proposed Salary range for this position is $58,700-$75,000, with short-term incentive bonus eligibility set at 5%.

 

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

 

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500.

Join us for a brighter future-for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code 1033.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-KH2 LI-ASSOCIATE 

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