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Accountant in Philadelphia, PA at Chubb Group of Insurance Companies

Date Posted: 8/30/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    510 Walnut Street
    Philadelphia, PA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    8/30/2018

Job Description

JOB SUMMARY:
Oversee and maintain assigned reinsurance treaties, facultative agreements and collateral, including receivables, payables, cash application, collections, account reconciliation, exposure and funding analysis, and communication with third parties and affiliates.
RELATIONSHIPS AND SCOPE:
Working under the supervision of the Senior Accounting Manager or Assistant Vice President of Accounting.  Operating within Chubb Reinsurance Services policies and procedures.
DUTIES AND RESPONSIBILITIES:
  • Prepare, disburse and settle monthly and quarterly accounts in accordance with the contract agreement.
  • 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.
  • Ability to interpret various reinsurance contract wordings and comply with contractual requirements.
  • Assist with the preparation of monthly and quarterly ceded reinsurance financial reports and collateral analysis.
  • Prepare manual journal entries. 
  • Research and resolve accounting and statistical discrepancies.
MINIMUM QUALIFICATIONS: 
  • Degree – Accounting, Finance, Mathematics, Actuarial, Business.
  • One to Three years of reinsurance or accounting experience.
  • Excellent organizational skills.
  • Ability to multitask and establish priorities to address objectives.
  • Ability to work independently and within a team.
  • Ability to identify/analyze situations or issues and determine practical/innovative solutions.
  • Excellent oral and written communication skills required.
  • Proficiency in Microsoft Excel, Microsoft Word, Microsoft Access and PeopleSoft is preferred.