Financial Analyst
DESCRIPTION/RESPONSIBILITIES:
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 oversees global money movement, billing and collections of reinsurance and deductibles, reporting, and overall multinational guidance and strategy.
Reporting Relationship:
The role will report to Chubb Global Services Manager of Finance. The individual will communicate directly with internal management and other interdepartmental groups to resolve issues and provide ad hoc support when requested. There will also be opportunities to interact directly with our customers to help resolve issues or concerns.
Key Responsibilities:
• Manage financials and accounting for highly complex detailed multinational Property and Casualty Cash Flow programs.
• Monitor/track global direct premium receivables for timely reinsurance payments within the terms of reinsurance contracts.
• Work closely with Account Service Team and Financial Operations to confirm all financial aspects of the account including direct, ceded, commissions, fees, overrides and taxes.
• Interact directly with risk managers, domestic and international underwriting, captive/ facultative reinsurers, and brokers in worldwide locations with a focus on customer service.
• Communicate and escalate open items as required to ensure prompt and accurate resolution.
• Document, assess, and reengineer (where appropriate) current systems and processes employed by the Financial Account Management team.
• Provide technical support to business and operations groups including policy registrations and production.
• Identify and implement financial process improvements across multiple operational areas. (e.g., process flow analyses, streamlining efforts).
• Work on multiple projects in support of departmental goals.
• Project Management – define, prioritize, monitor, deliver, report.
REQUIRED SKILLS:
Desired Qualifications:
• B.S. degree in Business Accounting, Finance, Risk Management or related subject.
• M.B.A designation preferred but not required.
• 0 to 3 years insurance industry, accounts payable, treasury or finance/accounting experience.
• Excellent communications skills, as well as demonstrated ability to persuade, negotiate and interface with various global partners.
• Effective problem solving and analytical ability.
• Ability to work with clients, reinsurers and other third parties in a highly professional and diplomatic fashion
• Ability to interpret and comprehend complex legal/business contracts and financial arrangements
• Ability to work effectively on a team to understand, develop and refine financial and operational processes.
• Demonstrates individual commitment to quality, independence, and organization.
• Knowledge and utilization of Microsoft products (Excel, Visio, Access, etc).
• Self-motivated and demonstrates a willingness to learn and grow within the organization.
• Experience with Chubb applications such as Apollo, Meridian, Genius, MAX (Multinational Account Exchange), Worldview, etc.