This North America Financial Lines (NAFL) position is a hands-on and diverse accounting and finance position that is responsible for supporting the finance, operational and strategic needs of the business. Reporting to the VP of Finance, this role includes assisting in the monthly and quarterly accounting close process and providing clear and accurate reporting to management on a weekly/monthly/quarterly basis for all reinsurance related activities.
Critical qualities to succeed include the ability to take ownership of deliverables and meet deadlines, identify problems/issues and recommend solutions, manage projects, develop strong relationships with business partners, as well as the willingness/desire to continuously build and improve on insurance knowledge.
Job Description:
Provide management and business partners with accurate and timely financial and operational information/support so informed business decisions can be made. This will occur through the completion of the following:
Monthly Updating/Review of the Master list of accounts that need to be ceded.
Review Net Line Tool with Underwriters before Registration
Preparation of monthly ceded registration templates for US retail and Wholesale accounts
Monthly reconciliation of accounts electronically ceded (Genius) to BAR reports
Monthly updating the ceded schedule for NAFL
Preparation of the monthly Cyber reports.
Preparation of the monthly Reps & Warranties Bordereau
Preparation of monthly, quarterly and year to date exhibits providing analyses and comparisons to plan, prior and forecasts in support of the monthly/quarterly reporting package provided to management and executives.
Gather/prepare documentation to support financial results, unusual activity, trends or occurrences and inform finance and business partners of the findings.
Prepare, upload, review and analyze data by PC in TM1.
Continue to follow up on issues until completion.
Prepare and document monthly and quarterly narratives detailing variances.
Review, analyze, scrub financial and operational data. Reach conclusions provide recommendations and analysis. Communicate findings effectively.
Developing of management reports in TM1 and providing support to related users.
Assist documenting, developing, and implementing financial and operational processes.
Work on various projects related to data quality and availability, system implementations and improvements
Skills and Experience:
Bachelor’s degree in Accounting or Finance preferred.
3+ years relevant experience – in accounting, finance or financial/business analyst roles.
Accounting or Financial Planning and Analysis experience required.
Excellent communication skills both oral and written
Strong accounting and analytical skills with an attention to detail
Ability to multitask and prioritize deadlines
Strong business and financial acumen required
P&C Insurance accounting and/or understanding of Insurance financial concepts and data required
Must demonstrate an orientation to results, integrity and dedication. Enthusiastic self-starter
Ability to work effectively and independently with other disciplines and all levels of management/staff throughout the organization.
Ability to support business and other diverse constituents
Experience with financial systems, general ledger, planning and forecasting tools, relational databases query and reporting (e.g. TM1, Cognos, Qlik, PeopleSoft, SQL) technologies a plus
Understand and utilize the various internal reporting systems and tools (BAR, Vision, Tracker) a plus
Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.
