Chubb

Senior Accountant

Chubb • $80K — $95K *
Philadelphia, PA 19120In-Person
Legal & Accounting
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or Business
  • Desired insurance designations (e.g., ARe/CPCU)
  • 3-5 years of reinsurance accounting experience
  • Skill in identifying process improvement opportunities
  • Proficient in analyzing large data sets to resolve complex issues
  • Ability to thrive in a fast-paced environment
  • Strong oral and written communication skills
  • Independent work capability and ownership of responsibilities
  • Proficiency in Microsoft Excel, Word, and PeopleSoft preferred
  • FIRST knowledge is a plus

Responsibilities

  • Prepare and settle monthly and quarterly accounts per contract agreements using process automation.
  • Collaborate with internal teams and third parties to verify billings and initiate collections on open balances.
  • Review monthly reinsurance premium and loss sub ledgers for accuracy, formulating plans for aged balance resolution.
  • Resolve issues and respond to queries regarding reinsurers' statements and entries in reinsurance systems.
  • Prepare monthly and quarterly ceded reinsurance financial reports with commentary for senior management.
  • Handle ad hoc requests from both internal and external customers, including audits.

Benefits

  • Comprehensive health benefits package
  • Retirement savings plan
  • Professional development opportunities
  • Flexible work schedule
  • Employee assistance programs
Full Job Description
Job Description

Relationship and Scope:

The position requires extensive knowledge of reinsurance accounting, contracts, and procedures. The candidate will use this knowledge to unravel complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution.

Responsibilities Include:
  • Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement leveraging process automation.
  • Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues.
  • Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans to resolve aged balances.
  • Resolve any issues or answer queries regarding the reinsurers' statements, certificates, or related entries in the reinsurance premium and loss systems.
  • Preparation of monthly and quarterly ceded reinsurance financial reports as needed. Provide commentary on various reports for senior management.
  • Ad hoc requests from internal and external customers (i.e. audits).


Qualifications

  • Bachelor's degree - Accounting/Finance/Business
  • Insurance designations (such as ARe / CPCU) desired
  • Three to five years of reinsurance accounting experience
  • Ability to identify areas for process improvement
  • Ability to analyze large data sets to identify and resolve complex issues
  • Ability to work effectively in a fast-paced environment
  • Proven ability to work independently and take ownership of responsibilities
  • Excellent oral and written communication skills required
  • Proficiency in Microsoft Excel, Microsoft Word and PeopleSoft is preferred
  • FIRST knowledge a plus


About Chubb

Chubb Limited is a Swiss-based global insurance company that provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance to a diverse group of clients. Chubb operates in 54 countries and territories and is the world's largest publicly traded property and casualty insurance company. The company has a long history, dating back to 1882, and has grown through a series of mergers and acquisitions. Chubb is known for its high-quality insurance products and services, as well as its strong financial performance and commitment to corporate social responsibility.
Learn more about Chubb
Size
31,000 employees
Market Cap
$90.7 billion
Industry
Finance & Insurance
Net Income
$3.5 billion
Founded
1882
5 Year Trend
+5.3%
Revenue
$35.9 billion
NASDAQ
CB
* Ladders Estimates

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