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Insurance Accounting Jobs in Chicago, IL (NOW HIRING)

Berkley

Senior Accountant - Insurance

Naperville, IL

$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

$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 ...

We Insure

Premium Operations Manager

Chicago, IL

You'lllead a team responsible for commission operations and partner closely with franchise owners, insurance carriers, Carrier Relations, Technology, Accounting, and Operations to resolve issues ...

Berkley

Intermediate Accountant

Naperville, IL · On-site

$70K - $95K/yr

Bachelor's degree in accounting or finance Qualifications: * 1-3 years of Property & Casualty Insurance accounting experience preferred * Necessary computer skills with an emphasis on Excel ...

Berkley

Intermediate Accountant

Naperville, IL

$70K - $95K/yr

Bachelor's degree in accounting or finance Qualifications: * 1-3 years of Property & Casualty Insurance accounting experience preferred * Necessary computer skills with an emphasis on Excel ...

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Showing results 1-20

All JobsInsurance Accounting JobsInsurance Accounting Jobs in Chicago, IL

Insurance Accounting information

See Chicago, IL salary details

$45.4K

$98.6K

$142.3K

How much do insurance accounting jobs pay per year?

As of Aug 31, 2026, the average yearly pay for insurance accounting in Chicago, IL is $98,617.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,400.00 and $115,500.00 per year, depending on experience, location, and employer.

What is insurance accounting?

An Insurance Accounting job involves managing the financial records and transactions of an insurance company, ensuring compliance with industry regulations and accounting standards. Professionals in this role handle premium revenues, claims payments, reserves, and financial reporting. They analyze financial data to assess profitability, prepare statements, and collaborate with auditors and regulators. Strong knowledge of insurance regulations, financial analysis, and accounting principles is essential for this role.

What are the typical daily responsibilities of someone working in insurance accounting?

Professionals in Insurance Accounting are responsible for processing policyholder premiums, managing claims payments, reconciling accounts, and preparing financial statements specific to insurance operations. They also monitor compliance with state and federal insurance regulations, assist with audits, and may support financial forecasting for underwriting decisions. Much of the role involves cross-functional collaboration with claims teams, underwriters, and compliance staff. On a typical day, you can expect to spend time using specialized accounting software, reviewing financial transactions for accuracy, and ensuring all reporting deadlines are met.

What are the key skills and qualifications needed to thrive in insurance accounting?

To thrive in Insurance Accounting, a solid understanding of accounting principles, insurance regulations, and financial analysis is essential, often supported by a degree in accounting or finance. Proficiency with accounting software (such as QuickBooks or SAP), spreadsheet tools, and knowledge of industry-specific systems or certifications (like CPA) is highly valued. Attention to detail, strong analytical thinking, and effective communication are important soft skills for this position. These competencies enable accurate financial reporting, regulatory compliance, and seamless collaboration with other departments, which are critical for success in the insurance sector.

What are the most commonly searched types of Insurance Accounting jobs in Chicago, IL?

The most popular types of Insurance Accounting jobs in Chicago, IL are:

What are popular job titles related to Insurance Accounting jobs in Chicago, IL?

For Insurance Accounting jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Insurance Accounting jobs in Chicago, IL look for?

The top searched job categories for Insurance Accounting jobs in Chicago, IL are:

Insurance Accounting jobs near you
Infographic showing various Insurance Accounting job openings in Chicago, IL as of August 2026, with employment types broken down into 88% Full Time, 6% Part Time, 3% Temporary, and 3% Contract. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $98,617 per year, or $47.4 per hour.

Accounting Manager - Insurance

Trean Corporation

Downers Grove, IL • On-site

Full-time

Posted 19 days ago

Job description

Description:

POSITION SUMMARY:

The Accounting Manager – Insurance is responsible for the monthly close, Statutory and management report preparation and daily accounting tasks and reconciliations as well as valuable communication with various levels of customers and management.


KEY RESPONSIBILITIES AND ESSENTIAL FUNCTIONS:

  • Executes and is primarily responsible for month-end close procedures, accounting journal entries, intercompany transactions and reconciliation of general ledger accounts on a timely and accurate basis for one or more of our insurance companies.
  • Analyzes account balances, investigate unusual items and discrepancies, determine necessary adjustments and complete reconciliations of balance sheet accounts to maintain proper up-to-date supported account balances
  • Leads in the preparation of monthly internal financial statements and various Statutory statement filings with respective state regulators. This includes schedule preparation and review for the Annual Statement and Quarterly filings.
  • Assist in identifying manual processes for automation to improve efficiency. Identify process improvement opportunities, including those related to automation using available technologies
  • Assists in the design, documentation and implementation of processes and controls and key metrics required for internal and external audits as well as be responsible for all SOX controls assigned.
  • Refines and manages the control process ensuring all significant balance sheet and income statement accounts are reconciled and thoroughly reviewed monthly
  • Assists with the annual audit and quarterly review process and works closely with external auditors to complete audits and reviews
  • Collaborates with other accounting team members and the broader accounting team on project goals
  • Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, participating in professional societies
  • Mentors accounting staff and business users on Microsoft GP, Prospero, W-Desk and accounting concepts, techniques, technology and processes
  • Performs other activities, duties and assignments as needed or requested


Requirements:
  • Insurance Accounting experience required
  • Experience leading a team of at least 3 required
  • Bachelor’s degree in Accounting or related field or equivalent experience
  • 7+ years’ progressive accounting responsibility; working with a general ledger package; working with transactional and subledger systems; month-end close and financial statement preparation
  • Ability to manage/supervise and develop staff level employees
  • Experience in troubleshooting and resolving reconciliation, ledger and reporting issues
  • Ability to multi-task and learn quickly
  • Ability to self-start and research independently
  • Ability to handle and resolve conflicts in a professional, tactful manner
  • Excellent oral and written communication skills
  • Attention to detail and organizational skills
  • Strong sense of accountability, comfortable making recommendations and taking accountability for outcomes
  • Working knowledge of transactional systems such as Microsoft GP, Prospero, Power BI, and Sapiens
  • Knowledge of best internal control practices and GAAP
  • Ability to meet deadlines in a multi-priority, fast-paced environment both independently and within a team environment
  • Ability to identify and define problems, collect and analyze data, establish facts, draw valid conclusions and recommend solutions
  • Computer skills including knowledge of Microsoft Office
  • Intermediate to Advanced skills in Excel