Staff Accountant

Chubb

Philadelphia, PAFull time
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Location
Philadelphia, PA
Job type
Full time
Posted
Oct 20
1 day ago
Career path

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About the company

Chubb

Insurance · 10,001+ employees

Chubb on LinkedIn

What you'll do

  • 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).

What you need

  • 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
  • Education: a bachelor's degree or a professional certificate

Key skills

reinsurance accountingMicrosoft ExcelMicrosoft WordPeopleSoftprocess improvementanalyze large data setsoral and written communicationwork independentlyAReCPCUFIRST

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Read the full posting here
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 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

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