Assistant Finance Manager

Chubb European Group Ltd.; Pakistan; On-site; PKR 669,600 - 1,004,400; Full time

Benefits offered by this job

Exposure to global business

Collaborative work environment

Broad responsibility and visibility

Job summary

Chubb European Group Ltd. is seeking an Assistant Finance Manager in Karachi, Pakistan for a 12-month fixed-term contract. This role entails supporting the Finance Manager and CFO, focusing on accurate financial reporting and compliance with regulations.

Responsibilities include preparing reconciliations, reviewing tax submissions, and ensuring timely payments of regulatory fees. Candidates should have strong financial acumen and the ability to coordinate effectively across departments.

Joining Chubb means contributing to a global insurance leader renowned for its standards and governance.

Qualifications

• Proficient in financial reporting and analysis.
• Experience in reconciliation processes and statutory submissions.
• Ability to collaborate across teams and manage timelines.

Responsibilities

• Prepare reinsurance balance reconciliations and monthly financial statements.
• Review federal and provincial tax submissions prepared by staff.
• Ensure timely payment of regulatory fees and trade body charges.
• Coordinate with business and claims teams on premium and claims reconciliations.

Job description

Assistant Finance Manager, Karachi, Pakistan (on-site) – 12-Month Fixed Term Contract

About Chubb

Chubb is a world leader in insurance, operating in 54 countries and territories. We are known for our strong financial strength, disciplined underwriting, and commitment to delivering exceptional service to our clients and partners. At Chubb, you will join a collaborative, high-performing environment where accuracy, accountability, and continuous improvement are valued.

Role Purpose

We are looking for a competent and proactive finance professional to support the Finance Manager and CFO in a 12-month fixed term contract. This role offers the opportunity to contribute to a dynamic insurance business, working across teams to ensure the accuracy, timeliness, and quality of financial reporting, statutory submissions, reconciliations, and audit deliverables.

Key Responsibilities

1. Preparation of:
   • Reinsurance balance reconciliations (IRAS), including reinsurance account settlements
   • Monthly reconciliation of premium due from brokers, cedants, agents, and customers
   • Monthly investment and investment income statements
   • Monthly and quarterly submissions
   • Submissions to government departments and trade bodies
   • Aged balances analysis and correspondence for premium collection
   • Outward and inward remittance documents, including Proceed Realization Certificates
2. Review of submissions prepared by finance staff, including:
   • Periodic federal and provincial tax/levies submissions and payments
   • Payment and receipt vouchers
   • Federal Insurance Fee
   • Monthly bank reconciliations
   • Monthly insurance stamps reconciliation
   • Monthly petty cash reconciliation
   • Fixed assets register
   • Company insurances
3. Timely payment of all regulatory fees and trade body membership charges.
4. Liaise with business and claims teams to ensure premium and claims bookings and reconciliations are accurate and completed on time.
5. Provide timely, accurate information to the Finance Manager, highlighting key issues and matters requiring immediate attention. Support and coordinate audit activities through to successful completion.
6. Provide prompt information to support:
   • Company statutory returns
   • Regional submissions
   • Monthly report analysis and variance commentary
7. Maintain effective coordination across departments to support annual IFSR rating review submissions and bank panel enlistment requirements.
8. Work closely with lines of business, customers, cedants, brokers, and agents to support timely premium collection and actively contribute to credit control meetings.

Why Join Chubb?

• Gain exposure to a global insurance business with high standards and strong governance
• Work in a collaborative environment with cross-functional interaction
• Contribute to meaningful finance and reporting activities that support business performance
• Develop your experience in a role with broad responsibility and visibility