Financial Analyst at Chubb in Chicago, Illinois

Job Description:

Combined Insurance, a Chubb Company, is seeking a Financial Analyst to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!

JOB Summary 

The FP&A Analyst will be responsible for leading premium and Customer retention forecasting analysis.  This position will perform financial analysis, reporting of financial information, presentation preparation and ad-hoc projects. This position will also reconcile actual results against plan and projections, identifying and explaining variances. Communicate issues to management to mitigate delays, expense and timing disruptions.

Responsibilities 

• Assist in preparation of monthly financial report, to include variance analysis, building presentation slides, and providing explanations for unusual items or trends


• Prepare monthly analysis of volume, revenue and material cost, including variance analysis


• Assist in preparation and loading of forecast and budget files


• Perform data mining for ad-hoc analyses and communicate findings to business management across all functional teams


• Build dynamic Excel models and automate repetitive tasks


• Develop a robust understanding of TM1 reports


• Ability to prepare clear and concise documentation


• Identify opportunities for process improvements and optimization


• Administer claim payments, premium application, journal entries & appointment/commission tracking.

COMPETENCIES:

Problem Solving – Takes an organized and logical approach to thinking through problems and complex issues; looks beyond the obvious to get at root causes; develops insight into problems, issues and situations

Analytical Thinking – Approaches a situation or problem by defining the problem or issue; determining its significance; collecting data; using appropriate tools to disclose meaningful patterns in the data; making inferences about the meaning of the data; and using logic and intuition to arrive at conclusions or decisions

Initiative – is self-motivated and seizes opportunities to make a difference.

Results Orientation – Effectively executes on plans, drives for results and takes accountability for outcomes; perseveres and does not give up easily in challenging situations; recognizes and capitalizes on opportunities; takes full accountability for achieving (or failing to achieve) desired results.

Skills

• 3-5 years of work experience


• Has an applied technical foundation with Microsoft products and ideally has exposure to other software products (i.e.,TM1, PeopleSoft, Power BI)


• Takes initiative to identify basic items that are out of pattern that warrant investigation and independently initiates research. 


• Comes to manager with complete result, has formed his/her views and has a recommended course of action.  Can present an issue or task effectively either through verbal or written communication. 

Education and Experience 

• Bachelor’s degree in Business Administration Accounting or Finance required


• Minimum of 3 - 5 years of accounting or financial planning & analysis experience


• Public Accounting experience and/or CPA or MBA designation a plus


• Insurance industry experience beneficial

OUR BENEFITS

As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 

• Health insurance


• Dental insurance


• Tuition reimbursement


• A company-match 401(k) plan


• Disability insurance


• Life insurance


• Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, and celebrating 100 years in business, we are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2022 (over $1 billion revenue category), marking Combined's eleventh consecutive year on the Top 10 list.

ABOUT CHUBB

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide.

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