Staff Accountant

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

Job summary

Chubb Ltd. is seeking a skilled Reinsurance Accountant to manage monthly and quarterly close processes, reconcile premium and loss sub-ledgers, and resolve complex accounting queries.

The role emphasizes automation, collaboration with internal teams, and external partners to ensure timely settlements. Ideal candidates have 1–3 years in reinsurance accounting, strong Excel/PeopleSoft skills, and the ability to work independently in a fast-paced environment, delivering accurate financial reporting

Qualifications

• Experience in reinsurance accounting and related processes.
• Ability to identify process improvements in accounting workflows.
• Strong data-analytic skills to resolve complex issues.

Responsibilities

• Prepare, disburse, and settle monthly and quarterly accounts per contract with automation.
• Coordinate with internal teams and third parties to verify billings and collect open balances.
• Review reinsurance premium and loss sub-ledgers to maintain accurate balances and plan actions for aged items.

Skills

Reinsurance accounting

Process improvement

Data analysis

Independent ownership

Excellent communication

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

• 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

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.

Job Info

• Job Identification 37866
• Job Schedule Full time
• Regular or Temporary Regular
• Business Unit United States
• Legal Employer ACE American Insurance Company