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Insurance Accountant Jobs in Chicago, IL (NOW HIRING)

Brilliant Management Resources - IL

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Interim Senior Insurance Accountant

Downers Grove, IL · On-site

$45 - $50/hr

Insurance accounting experience required! This role will be responsible for transactional accounting related to premiums, commissions, and losses that feed into statutory reporting. RESPONSIBILITIES:

Berkley

Senior Accountant - Insurance

Naperville, IL · On-site

$73K - $92K/yr

Insurance & Reinsurance Accounting * Process, analyze, and report Incurred But Not Reported (IBNR) reserves. * Analyze Deferred Acquisition Costs (DAC) and Earned Premium balances. * Perform assumed ...

Berkley

Senior Accountant - Insurance

Naperville, IL · On-site

$73K - $92K/yr

Insurance & Reinsurance Accounting * Process, analyze, and report Incurred But Not Reported (IBNR) reserves. * Analyze Deferred Acquisition Costs (DAC) and Earned Premium balances. * Perform assumed ...

Berkley

Senior Accountant - Insurance

Naperville, IL · On-site

$73K - $92K/yr

Insurance & Reinsurance Accounting * Process, analyze, and report Incurred But Not Reported (IBNR) reserves. * Analyze Deferred Acquisition Costs (DAC) and Earned Premium balances. * Perform assumed ...

Berkley

Intermediate Accountant

Naperville, IL · On-site

$70K - $95K/yr

Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive ... Reinsurance accounting, reconciliation and reporting. * Create quarterly/monthly reinsurance ...

Berkley

Intermediate Accountant

Naperville, IL · On-site

$70K - $95K/yr

Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive ... Reinsurance accounting, reconciliation and reporting. * Create quarterly/monthly reinsurance ...

Berkley

Intermediate Accountant

Naperville, IL

$70K - $95K/yr

Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive ... Reinsurance accounting, reconciliation and reporting. * Create quarterly/monthly reinsurance ...

White Lodging Careers

Accountant

Merrillville, IN · On-site

We are hiring an Accountant to join our corporate accounting team at our headquarters in ... Medical, dental, and vision insurance - starting day 1 * Life and disability insurance * Paid ...

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All JobsInsurance Accountant JobsInsurance Accountant Jobs in Chicago, IL

Insurance Accountant information

See Chicago, IL salary details

$35.1K

$70.4K

$111.9K

How much do insurance accountant jobs pay per year?

As of Aug 8, 2026, the average yearly pay for insurance accountant in Chicago, IL is $70,441.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,200.00 and $80,900.00 per year, depending on experience, location, and employer.

What skills and qualifications are needed to thrive as an insurance accountant?

To thrive as an Insurance Accountant, you need strong analytical abilities, a solid understanding of insurance accounting principles, and a relevant degree such as a bachelor's in accounting or finance. Familiarity with specialized insurance accounting software, general ledger systems, and often certifications like CPA or ACCA are valuable. Attention to detail, problem-solving skills, and effective communication help you excel in reviewing complex financial data and collaborating with teams. These skills ensure accurate financial reporting, regulatory compliance, and the effective management of insurance company finances.

What are common challenges insurance accountants face when reconciling premium and claims accounts?

Insurance Accountants often encounter challenges such as discrepancies between policy administration systems and accounting records, timing differences in premium recognition, and complex reinsurance arrangements. Accurately matching incoming premiums with outgoing claims can require significant attention to detail and frequent communication with underwriting and claims departments. Implementing strong internal controls and regularly performing reconciliations are essential to ensure financial accuracy and compliance with regulatory standards.

What does an insurance accountant do?

An Insurance Accountant is responsible for managing and analyzing the financial records of insurance companies. They handle tasks such as preparing financial statements, ensuring compliance with regulatory standards, processing premium and claims transactions, and analyzing financial data to support business decisions. Insurance Accountants also assist with budgeting, auditing, and reporting to ensure the company’s financial health and regulatory compliance.

What is the difference between Insurance Accountant vs Insurance Underwriter?

AspectInsurance AccountantInsurance Underwriter
CredentialsCPA or accounting degree often preferredRelevant industry certifications like CPCU or FCAS
Work EnvironmentFinance departments, accounting firms, insurance companiesUnderwriting departments, insurance companies
Primary ResponsibilitiesManaging financial records, preparing reports, ensuring complianceAssessing risk, determining policy terms, approving coverage

Insurance Accountants focus on financial management and reporting within insurance companies, while Insurance Underwriters evaluate risks to decide policy issuance. Both roles are essential in the insurance industry but serve different functions related to finance and risk assessment.

What are popular job titles related to Insurance Accountant jobs in Chicago, IL? For Insurance Accountant jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Accountant jobs in Chicago, IL look for? The top searched job categories for Insurance Accountant jobs in Chicago, IL are:
Insurance Accountant jobs near you
Infographic showing various Insurance Accountant job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $70,441 per year, or $33.9 per hour.

Interim Senior Insurance Accountant

Brilliant Management Resources - IL

Downers Grove, IL • On-site

$45 - $50/hr

Contractor

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago

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Job description

Our client, an insurance company, located near Downers Grove, IL (Hybrid role: 3 days in office), is looking for a Senior Insurance Accountant to join their team.


Insurance accounting experience required! 


This role will be responsible for transactional accounting related to premiums, commissions, and losses that feed into statutory reporting.


RESPONSIBILITIES:

  • Reviews and analyzes general ledger transactions and batches by gathering financial data and using appropriate systems
  • Provides back up assistance for daily accounting tasks such as deposits, invoice entry, billing and collections, prepaid and deferred items, or fixed assets
  • Initiates wire and ACH transactions and prepares bank transactions as well as assists in escheat process
  • Reviews and reports on monthly close checklist items within required timeline and provide backup where necessary on close items and is responsible for modifications to the close checklist to support financial statements
  • Manages aspects of the annual audit by working closely with external auditors and staff to complete open item requests


REQUIREMENTS:

  • Bachelor’s degree in Accounting or related field or equivalent experience
  • Experience in troubleshooting and resolving reconciliation, ledger and reporting issues
  • Insurance industry knowledge and a working knowledge of insurance systems preferred
  • Ability to multi-task and learn quickly
  • Attention to detail and organizational skills


If you, or someone you know is interested, please apply today!

Company Description

Brilliant is an award-winning direct-hire, contract and consulting practice specializing in accounting, finance and technology for the Midwest and Southeast regions of the U.S. Many of Brilliant’s team members include former accounting, finance and technology professionals who are experts in the fields.