Chubb Bermuda invites applications for the position of Assistant Vice President, Operations Manager. The successful applicant will report directly to the Vice President, Head of Operations.
MAJOR DUTIES & RESPONSIBILITIES:
- Responsible for insurance and ceded reinsurance premium registrations into our Genius underwriting database, including but not limited to:
- Team management
- Responsible for ensuring all accounting sub-ledger reports are accurate. Must have an ability to understand accounting implications and how reports impact various financial statement line items
- Ensure standard operating procedures and guidelines are well documented and maintained
- Ensure a strong system of internal controls is maintained
- Execution of month end close process, cut-off and manager review of data/reports
- Monitoring premiums receivable, lead role in resolution of registration issues related to unmatched cash settlements, liaising with Financial Operations Analyst and underwriters.
- Hosting regular meetings with brokers to resolve any outstanding premium obligations.
- Responsible for the allocation of all premium and claim payments.
- Liaise with finance, claims, treasury and reinsurance teams related to operational matters.
- Lead role in reporting to underwriting department heads and finance.
- Liaising with underwriters to ensure registration contract data points are accurately reflected in submission tracking.
- Lead process improvement and reengineering initiatives with recommendations and project management from design phase to user acceptance testing.
- Providing support to underwriting teams as required.
- Oversee on-going maintenance of Genius.
- Co-ordinate work efforts with various department heads in Bermuda and in various offices overseas. Keep management informed on the status of various tasks and projects.
- Delegate effectively to shared resources, supervising performance, review work product and provide feedback and coaching.
- Involvement with internal and external audits including meeting with auditors and handling queries.
- Completion of various ad hoc requests.
- Demonstrated ability to manage a team, assign and review work product
- A minimum of ten years similar experience working with a global company with a complex reporting structure and demonstrated experience in performing similar duties to those listed above
- Strong analytical, problem solving and critical-thinking skills
- University degree preferably in accounting
- Completed insurance courses would be an asset
- Experience working with Genius and PeopleSoft applications would be an asset
- Proficiency with Microsoft Office suite of products
- Ability to work overtime and meet tight deadlines
- Strong organizational, communication and time management skills
- Demonstrated ability to work on own initiative and to look for process improvements within a team
Top Skills
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.
