Chubb · 1 month ago
Financial Analyst, Reinsurance
Philadelphia, PA
Full-time
Onsite
Entry, Mid LevelChubb is a world leader in insurance, providing a range of commercial and personal insurance products. The Financial Analyst will be responsible for facilitating ceded payables and recoverables for the Global Treaty reinsurance unit, managing assigned programs for reinsurance related accounting and financial functions on an international book of business.
Commercial InsuranceFinancial ServicesHealth InsuranceInsuranceMortgageRisk Management
Responsibilities
Primary responsibility is on managing third party excess of loss deposit premiums and premium adjustments across multiple lines of business for the Global Treaty Department’s Operations team, exceeding $500M annually.Work closely with internal finance teams, brokers and reinsurers to accurate forecasting, settlement, and accounting of balances due to and from the organization
Accurately maintain intercompany deposit premium and adjustment settlements and balances due to/from.Prepare adjustments and corresponding accounting entries as required, proactively collecting aging “on behalf of” balances
Manage a book of external proportional and excess of loss reinsurance to ensure billings are issued accurately and correctly, and contract terms are properly applied.Analyze large value claims, assessing and determining applicable reinsurance coverage, for responsible lines of business.Prepare quarterly bordereau and statements.Pursue collections with a goal of more than 90% of recoverables collected within 90 days
In the Global Treaty general ledger and SAPIENS reinsurance environments, promptly apply cash receipts/disbursements and register treaty adjustments while maintaining ledger balances in line with departmental and accounting guidelines.Assist with transitioning to new PeopleSoft AR ledger environment.Enter and configure treaties in SAPIENS as required
Perform accounting reconciliations on reinsurance balances payable accounts to accurately explain balance compositions and journal voucher activity
Utilize data warehouse systems to reconcile balances, prepare management reports and complete reporting activities in a timely manner. Review and reconcile accounting and statistical data to ensure the data integrity and accuracy of reported Reinsurance data
Consider existing processes and propose opportunities for enhancement, efficiency, automation and streamlining, as possible.Perform miscellaneous duties as required to achieve the overall objective of the position
Qualification
Required
Bachelor's degree in Finance, Accounting, Business Analytics, or equivalent experience
Proficiency in Microsoft Office and other desktop applications
Attention to detail and ability to work with large data sets to provide concise data for decision making
Excellent communications skills – oral & written
Ability to prioritize and handle multiple tasks at the same time while meeting closing schedules and deadlines
Preferred
Working knowledge of specific software for the position including PeopleSoft, SAPIENS, Blackline, Alteryx, Informatica preferred
Insurance and reinsurance accounting knowledge a plus
Company
Chubb
Chubb is a mortgage firm that offers risk management, property, health, personal, business, health, home, and life insurance.
Founded in 1985
10001+ employees
H1B Sponsorship
Chubb has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$10.25BKey Investors
Berkshire Hathaway
2025-08-04Post Ipo Debt· $1.25B
2024-07-29Post Ipo Debt· $1.3B
2024-05-15Post Ipo Equity· $6.7B
Leadership Team
Annmarie Dugan Hagan
CFO Operations Technology & Transformation Chubb Group
John Keogh
President & Chief Operating Officer
Recent News
Beinsure - Insurance, Reinsurance, InsurTech Insights
2026-01-14
2026-01-08
2025-12-30
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