Senior COG Reinsurance Billing Analyst

Internationalinsuranceprofessionals; Philadelphia (Philadelphia County); On-site; USD 85,000 - 110,000; Full time

Job summary

Chubb is seeking a Senior COG Reinsurance Billing Analyst to own XOL billing and complex QS billing production for assigned programs. The role reports to the COG Reinsurance Billing Lead and operates with significant independence in complex calculations and billing processes.

Responsibilities include calculating reinsurance transactions, preparing XOL statements, generating QS bordereau, analyzing large claim movements, and resolving escalations.

Qualifications

• Bachelor's degree in finance, accounting, data analytics, or a related field.
• 3-5 years of experience in reinsurance, finance, or data analytics.
• Strong communication skills, with the ability to work across business and technology teams.
• Experience with large, complex datasets, including cleansing, transforming, and reconciling data from multiple source systems.
• Proficiency in Excel and Alteryx workflow development.
• Curiosity and initiative in exploring AI-assisted tools to improve efficiency and accuracy in recurring analytical work.

Responsibilities

• Calculate and register reserve, loss, and premium adjustments based on reconciled data and contract wording.
• Prepare billing statements and adjusting entries to ensure correct P&L for reporting and billing.
• Prepare and distribute XOL billings, coordinating with regional teams and reinsurers.
• Generate QS bordereau and review outputs for accuracy before manager review.
• Own monthly analysis of material incurred loss movements by treaty and BU to identify large movements.
• Resolve broker and reinsurer billing disputes and queries with timely responses.
• Train and support Billing Analysts and Co-Ops; act as Tower Lead backup on rotation.
• Lead process improvement initiatives to standardize or automate recurring billing tasks.

Skills

Strong communication

Large datasets

Excel workflow

Alteryx

AI tools curiosity

Education

Bachelor's degree in finance/accounting/data analytics

Tools

Excel

Alteryx

SQL

Power BI

Qliksense

Job description

JOB DESCRIPTION

The Senior COG Reinsurance Billing Analyst owns XOL billing and complex QS billing production for assigned programs within the Billing tower, reporting to the COG Reinsurance Billing Lead. This role operates with minimal day-to-day oversight, exercising independent judgment on complex calculation and billing processes.

Responsibilities

• Calculate Reinsurance Transactions: Calculate and register reserve, loss, & premium adjustments based on reconciled data and application of appropriate contract wording. Prepare billing statements and adjusting entries as necessary to ensure correct P&L for both reporting and billing purposes.
• Excess of Loss (XOL) statements: Prepare and distribute XOL billings, meeting contractual timeframes, liaising and coordinating with regional reinsurance/finance teams on shared programs, and acting as a key point of contact for certain strategic reinsurers which require advanced reporting and query resolution.
• Quota Share (QS) Bordereau: Generate QS bordereau for complex programs. Perform first review of QS bordereau outputs generated by Billing Analysts for accuracy before manager review.
• Large Claim Movement Analysis: Own monthly analysis of material assumed incurred loss movements in excess by treaty and by Business Unit in order to identify and action on large movements in claims.
• Reinsurer & Broker Escalations: Resolve broker and reinsurer billing disputes and queries, providing timely responses as needed.
• Analyst Support: Train and support the Billing Analysts and Co-Ops; act as Tower Lead backup on a rotating basis.
• Process Improvement: Lead process improvement initiatives within assigned programs, identifying opportunities to standardize or automate recurring billing tasks.

QUALIFICATIONS

• Bachelor's degree in finance, accounting, data analytics, or a related field.
• 3-5 years of experience in reinsurance, finance, or data analytics.
• Strong communication skills, with the ability to work across business and technology teams.
• Experience working with large, complex datasets, including cleansing, transforming, and reconciling data from multiple source systems.
• Proficiency in Excel and Alteryx workflow development.
• Curiosity and initiative in exploring emerging technologies, including AI-assisted tools, to improve efficiency and accuracy in recurring analytical work.

Preferred Qualifications

• Experience with Sapiens, PCW, or R360 reinsurance systems.
• Familiarity with SQL and data visualization tools such as Power BI or Qliksense.

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.