Financial Analyst

3 days ago

Wilmington, United States Chubb Full time

The Chubb Global Services (CGS) group focuses on delivering superior clients services to Chubb’s multinational business across Chubb’s diverse product line. The CGS Finance group has overarching responsibility for global money movement, billing and collections of reinsurance and deductibles, reporting and overall multinational guidance and strategy.

Reporting Relationship:

The role will work with existing settlement staff and report to Chubb Global Services Manager of the Assumed Settlement process.  The individual will communicate directly with internal management and Chubb offices throughout the world to resolve issues and provide ad hoc support when requested.

Key Responsibilities:

  • Manage intercompany bordereau transactions between Chubb international affiliates.
  • Review; reconcile premium and loss data from international partners (Affiliates, TPAs, and Network Partners) to the local sub ledger. Address discrepancies with international staff when necessary. 
  • Interact with global finance staff to ensure entities are adequately funded and payable/receivable balances are settled within specified timeframe. 
  • Monitor and log large cash movements to/from affiliates to local entity.
  • Perform subledger journal entries and account reconciliation to ensure proper accounting.
  • Assist with Third Party Loss Recovery process: work with clients to resolve issues, post payments, offset and reconcile accounts. 
  • Utilize technology to drive process improvements.
  • Design and generate analytics, performance indicators and maintain monthly reporting. 
  • Assist in the development and maintenance of financial controls to keep the business unit compliant with SOX standards and local laws.
  • Play a key role in ad-hoc requests and special projects.

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.

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