AVP Financial Reporting, Chubb Life
Introduction:
Chubb Life is a growing Segment within Chubb Limited, with operations in more than a dozen countries/markets around the world generating annual premiums and deposits in excess of $7 billion. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris, Hong Kong and other locations, and employs approximately 40,000 people worldwide.
Reporting Relationship and Scope of Position:
The AVP Financial Reporting will perform a variety of accounting, finance and analytical procedures as part of Chubb Life Segment’s regular consolidation and reporting functions. This role in the Global Office will liaise and collaborate with local market and regional finance and actuarial team, as well as corporate accounting and finance team to assess financial performance via supporting analyses and work-papers, as well as compile and review key financial disclosure data required for Corporate filings. The AVP Financial Reporting will report to the VP Global Financial Reporting Controller of the International Life business to help improve the overall control environment of the Segment through leadership, technical research and tactical process improvement.
Primary Responsibilities:
- Lead the coordination and oversight for the timely & accurate preparation of period-end financial reporting packages by all subsidiaries, including submissions as part of the Chubb Limited consolidation process
- Review financial schedules and footnote disclosure information provided by subsidiaries to ensure the accuracy, completeness, and integrity of financial data, as well as compliance with Corporate & Segment requirements
- Provide oversight and direction to Global Office controllership staff and local finance team to ensure accurate and timely completion of monthly closings
- Establish and maintain effective internal controls over financial reporting to ensure compliance with internal control standards as well as requests from internal and external auditors
- Support business initiatives by ensuring transactions are accounted for in compliance with US GAAP and by establishing and maintaining effective accounting and reporting processes
- Prepare ad-hoc analysis as requested by senior management; investigate and resolve discrepancies when identified
- Evaluate closing processes to identify enhancement opportunities and recommend practical solutions
- Bachelor’s degree in Accounting, Finance, or a related field. A Master’s degree in related filed or relevant certification (e.g., CPA, CIA) is preferred but not required
- Minimum 8 years of progressive financial accounting and reporting experience in a public or private insurance organization, as well as Life Insurance and U.S. GAAP technical expertise.
- International insurance operation and public accounting experience are also preferred, but not required
- Strong interpersonal skills to include a collaborative, “team player” style. Included is the ability to relate to, and communicate effectively with, all members of the organization within a demanding professional environment and matrix organizational structure
- Flexibility to work with international teams on different times zones, specifically APAC region, and ability to work toward tight deadlines during reporting period,
- Effective management of multiple competing priorities is essential, as well as a strong attention to detail
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) is required
The pay range for the role is $112,000 to $190,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About UsSkills Required
- Bachelor's degree in Accounting, Finance, or related field
- Minimum 8 years progressive financial accounting and reporting experience, including life insurance and US GAAP technical expertise
- Experience with period-end financial reporting and consolidation processes
- Establishing and maintaining internal controls over financial reporting and supporting audits
- Ability to work across international teams and time zones, including APAC, and meet tight reporting deadlines
- Strong interpersonal and communication skills; collaborative team player in a matrix organization
- Effective management of multiple competing priorities and strong attention to detail
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Master's degree or relevant certification (e.g., CPA, CIA)
- International insurance operations and public accounting experience
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
