Combined, a Chubb Company · 2 days ago

Senior Financial Analyst

Philadelphia, PA

Full-time

Onsite

Senior Level

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Responsibilities

Manage and maintain control over the accrued liabilities by conducting a detailed analysis to evaluate the adequacy of the balances on a quarterly basis for all writing companies.

Assist with upload of accrual rates to PeopleSoft each month.

Assist with analyzing any material changes in accrual rates and communicate those findings to manager when applicable.

Contact State Government Affairs each quarter for information regarding any new insolvencies that could potentially result in Guaranty Fund assessments.

Organize information for the quarterly financial meeting to discuss proposed changes to existing accrual account balances and coordinate the distribution of all supporting documentation & schedules for the meeting.

Prepare & post necessary General Ledger journal entries if the recommended adjustments are authorized.

Conduct research to provide answers to any accrual related inquiries from the Financial Compliance Unit, Internal Audit, and Price Waterhouse.

Review reconciliation procedures under Sox control 4095 each quarter to ensure any needed changes are incorporated by the due date published by the Financial Control team.

Ensure that quarterly reconciliations are entered into Blackline Reconciliation Tool on time and with all proper supporting documentation.

Complete assigned quarterly surcharge account reconciliations in a timely manner.

Prepare paid to billed analyses as appropriate for surcharges where required.

Perform quarterly Sox control audit of large payments processed in the quarter to include a review of accrual rate calculations for the PBA & GF accrual process.

Qualification

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Financial analysisAccountingPeopleSoftGeneral LedgerJournal entriesFinancial reconciliationsSox controlsAnalytical skillsCommunication skillsIndependent workTeamworkCPA certificationInsurance industry experienceBlackline Reconciliation ToolPrice Waterhouse Coopers (PwC) experienceState Government Affairs experienceGuaranty Fund assessments experienceFinancial Compliance Unit/Internal Audit experience