Accountant I - Philadelphia, United States - Chubb

Description

Job Description

This position will be an integral part of the Chubb Reinsurance Services accounting processing team that leverages cutting edge technology to efficiently manage billions of dollars in reinsurance. This position will maintain the accounting for assigned North American reinsurance agreements, including receivables, payables, cash application, collections, account reconciliation and communication with third parties.

Responsibilities include:

• Prepare, disburse, and settle monthly and quarterly accounts in accordance with contract terms.
• 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.
• Prepare manual journal entries.
• Research and resolve accounting and statistical discrepancies.
• Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans in order to resolve aged balances.
• Assist with the preparation of monthly and quarterly ceded reinsurance financial reports.

Qualifications

• Bachelor's Degree - Accounting, Finance, Business, or related degree.
• Recent graduate with 0 years of experience; or up to 3 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 and PeopleSoft is preferred.

About Us

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.