Senior Accountant

Chubb in; Philadelphia (Philadelphia County); On-site; USD 55,000 - 75,000; Full time

Job summary

Chubb in Philadelphia seeks a qualified professional to manage reinsurance accounting, contracts, and procedures, unraveling complex issues through detailed reconciliations.

Responsibilities include monthly and quarterly closings, interfacing with internal and external partners to verify billings and resolve discrepancies, reviewing sub-ledgers, and preparing ceded reinsurance reports with management commentary. Strong analytical, communication, and Excel skills are required.

Qualifications

• 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.
• First knowledge a plus.
• Proficiency in Microsoft Excel, Microsoft Word and PeopleSoft is preferred.

Responsibilities

• Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement leveraging process automation.
• Collaborate with internal teams and third parties to verify billings, collect open balances, respond to queries, and resolve discrepancies.
• Review monthly reinsurance premium and loss sub ledgers to ensure accurate balances; formulate action plans for aged balances.
• Resolve issues or queries regarding reinsurers' statements, certificates, or related entries.
• Prepare monthly and quarterly ceded reinsurance financial reports with commentary for senior management.
• Perform ad hoc requests from internal and external customers (e.g. audits).

Skills

Process improvement

Data analysis

Independent work

Communication skills

Work in fast-paced environment

First knowledge

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Excel

Word

PeopleSoft

Job description

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
• 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 US

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.