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).
Bachelor’s degree - Accounting/Finance/Business
Insurance designations (such as ARe / CPCU) desired
- Three to five 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
Skills Required
- Bachelor's degree in Accounting, Finance, or Business
- Three to five years of reinsurance accounting experience
- Ability to identify areas for process improvement
- Ability to analyze large data sets 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
- Proficiency in Microsoft Excel, Microsoft Word, and PeopleSoft
- Insurance designation such as ARe or CPCU
- FIRST knowledge
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.
