Chubb Associate - Finance - Statutory Financial Analyst at Chubb in Philadelphia, Pennsylvania

Job Description:

About Chubb

 

Chubb is the world’s largest publicly traded property and casualty insurer.  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.

Who We Are

We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Working together, we are one Chubb. Our highly collaborative, inclusive nature helps us drive better business outcomes through the diversity of background, experiences, insights, and values. We approach problems with a can-do attitude and are committed to developing deep relationships — all while moving quickly to meet client needs.

Chubb Associate Program

We are looking for those interested in a career that helps people mitigate risk and recover from the unexpected through insurance.  We are seeking candidates with bachelor’s degrees to join our Chubb Associate Program. 

As the industry leader in Property & Casualty insurance, Chubb is an employer of choice for individuals aspiring to develop a meaningful career in a fast-paced, high performing company. We are driving digital transformation in our business, so opportunities abound. These are full-time positions and offer a compelling opportunity to join a global, growing, financially stable and successful company. We have designed our Chubb Associate Program to hone your skills and talents to help you reach your career goals.  By joining the Chubb Associate Program, you will be part of an experience that supports the well-rounded development of critical business skills which in turn contributes to the future success of our company. Our two-year program is designed to include hands-on business assignments in one of a variety of disciplines, interactive classroom instruction, team assignments and direct interaction with other early career professionals as well as experienced professionals and engaged leaders.  As part of this program, you will experience:

 

• Challenging assignments and the opportunity to contribute to the results of a team


• Collaborative learning and group assignments with program members to help gain broader organizational understanding


• Technical training to deepen your skill level within your chosen discipline and an understanding of our broader industry


• Interpersonal effectiveness skill development to help you enhance communication and interactive skills


• Executive engagement allowing program members the opportunity to network and learn from Chubb’s thought leaders


• Peer mentoring support to help members navigate through professional situations in their early development


• A pathway to leadership development opportunities and global assignments

Who are we looking for 

 

Successful professionals at Chubb come from many backgrounds and experiences and bring that rich diversity with them to our company.  They also have some things in common and these attributes will lead to your success at Chubb: 

 

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  Results orientation: a demonstrated ability to meet commitments under pressure


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  Practical intellectual adaptability: capable and successful at adapting to new knowledge


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  Personal capacity: accepting and welcoming of additional responsibility over time


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  Communication skills: an ability to communicate successfully in various settings


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  Interpersonal/team skills: work effectively with colleagues at all levels


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  Self-leadership: an ability to take full ownership of work and show initiative as needed


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  Client focused: understanding of the needs of customers and clients


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  Work ethic: a commitment to hard work and a high ethical conduct

Finance Statutory Reporting Team

 

The Statutory Financial Analyst is a pivotal member of the Finance unit and will report to the AVP of Financial Reporting. The Financial Analyst will interact with a diverse group of internal personnel including other financial analysts, divisional personnel, and/or functional staff to interpret financial data and operational performance as well as reporting financial data to external insurance agencies.

Key Responsibilities:

 

• Prepare and analyze quarterly and year-end Statutory financial statements for certain Pool / Quota Share legal entities. Prepare the Management Review analytics while gaining an understanding of the management and legal entity financial reporting structure for North America


• Verify the accuracy of financial statements by reviewing the general ledger and front-end system processing for reported results for the Companies


• Successfully perform various tasks within the Statutory reporting group including data analysis, reconciliations, journal entry preparation, Generally Accepted Accounting Principles (GAAP) and Statutory financial reporting analytics, process documentation, and special projects as directed


• Prepare reconciliations and research out-of-balances by running queries, analyzing PeopleSoft accounts, and communicating with business contacts


• Use various PeopleSoft end user query tools to assist in the development and modification of queries, nVision (an Excel add-on within PeopleSoft) and Essbase generated reports (a business analytics solution) which are utilized in the Statutory analytical review process


• Continue to support departmental initiatives and play an active role regarding special projects as identified by management

Competencies:

Technical Skills:

 

• Analytical skills with an ability to synthesize large data sets and ascertain anomalies 


• Problem-solving skills with an ability to identify the problem, work through a solution and elevate to management as needed


• Communication skills that express an ability to articulate one’s thought process using and referencing supporting materials


• Ability to multi-task and prioritize deadlines


• Organizational skills that include logical placement and maintenance of supporting documentation


• Ability to work independently and as a member of a team


• Microsoft Office skills including Word and Excel, specifically Pivot tables, VLOOKUP, SUMIF and index formulas with an ability to learn accounting and insurance financial reporting and electronic filings 
  
   

Personal Skills:

 

• Demonstrated integrity and dedication (flexibility in work schedule as peak periods for meeting filing deadlines will dictate work hours)


• Time management (use time efficiently and extend self to others, adhere to deadlines including time for management review)


• Team player with customer service orientation


• Professional attitude, appearance, and demeanor


• Enthusiastic self-starter
  
   

Education and Experience:

 

• Bachelor’s degree in Business with a major or minor in Accounting or Finance

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.