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Assistant Vice President - Reinsurance Accounting in Philadelphia, PA at Chubb Group of Insurance Companies

Date Posted: 12/5/2018

Job Snapshot

Job Description

Relationship and Scope

This position will report to the Reinsurance Services Senior Vice President. The position requires extensive knowledge of reinsurance accounting, contracts and procedures. The candidate will use this knowledge to lead accountants and managers in resolving complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution. The candidate will be expected to provide training and guidance to develop Reinsurance Accounting personnel.

Responsibilities include:

•        Lead team of accountants with the processing of complex reinsurance account processing.

•        Champion reinsurance accounting process automation transformation.

•        Responsible for the accurate and timely disbursements and billings of all reinsurance agreements for North America.

•        Oversight of the experienced based adjustments and associated reporting.

•        Oversight of the premium and loss control ledgers to insure registrations are completed for amounts paid out by manual entries.

•        Oversight of On Behalf Of ledgers relating to settlements with internal international Chubb entities.

•        Monthly review of unapplied cash reports to provide accountants with assistance in getting cash applied where requested.

•        Take a lead role to resolve reinsurance or collection issues with brokers and reinsurers where required.

•        Work with accountants to resolve internal issues with business units and registration processing areas.

Minimum Qualifications

•        Bachelor’s degree - Accounting/Finance/Business

•        Insurance designations (such as ARe / CPCU) desired, CPA a plus.

•        Extensive knowledge (10 to 15 years) of reinsurance accounting, contracts and procedures.

•        Proven leader that can effectively manage team within a changing environment.

•        Ability to analyze large data sets to identify and resolve complex issues.

•        Ability to align data sets from different systems (example FIRST accounting and Cognos financials) to identify and resolve problems.

•        Ability to communicate with internal and external contacts until problems are clarified and resolved.

•        Ability to work effectively in a fast paced environment

•        Proven ability to work independently and take ownership of responsibilities

•        Proficiency in Microsoft Excel, Microsoft Word, Microsoft Access and PeopleSoft is required

•        ProCede and FIRST knowledge a plus