Staff Accountant

Chubb; Philadelphia (Philadelphia County); On-site; USD 65,000 - 90,000; Full time

Job summary

Chubb in Philadelphia seeks a resilient Reinsurance Accountant to manage monthly and quarterly accounts, reconcile ledgers, and support process automation initiatives. You will collaborate with internal teams and external partners to ensure accurate billing and timely reporting.

The ideal candidate has a Bachelor's in Accounting/Finance/Business, 1–3 years in reinsurance accounting, and proficiency with Excel, Word, and PeopleSoft. Insurance designations (ARe/CPCU) are a plus.

Qualifications

• Bachelor's degree in Accounting/Finance/Business or related field.
• Insurance designations such as ARe or CPCU are desirable.
• 1–3 years of reinsurance accounting experience.
• Ability to identify process improvements and efficiencies.
• Strong data analysis to resolve complex issues.

Responsibilities

• Prepare, disburse, and settle monthly and quarterly accounts as per contract terms with automation support.
• Collaborate internally and with third parties to verify billings and collect open balances.
• Review reinsurance premium and loss sub-ledgers monthly for accuracy and aged balances.
• Address queries regarding reinsurers’ statements and related entries in systems.
• Prepare monthly/quarterly ceded reinsurance financial reports with commentary for management.
• Handle ad-hoc requests from internal/external customers and audits.

Skills

Process improvement

Data analysis

Independent work

Communication skills

Thrives in fast-paced environments

Ownership of responsibilities

Education

Bachelor's degree in Accounting/Finance/Business

ARe designation

CPCU designation

Tools

Microsoft Excel

Microsoft Word

PeopleSoft

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
• One to three 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