Chubb Associate - Reinsurance Finance at Chubb in Philadelphia, Pennsylvania

Job Description:

JOB SUMMARY:

Responsibilities include implementation of reinsurance treaty agreements protecting Chubb business units, analyzing Chubb treaty reinsurance agreements, identifying terms and conditions, analysis of premium/commission registration, and other attachment criteria.  The Reinsurance Treaty Contract Analyst will report to the Treaty Contract Manager in Reinsurance Services. The candidate will interact with a diverse group of internal & external personnel including Divisional Financial Officers, Senior Underwriters, Ceded Reinsurance Buyers and Brokers and Senior Management. 

DUTIES AND RESPONSIBILITIES:

• Interpret and implement treaty reinsurance agreements supporting various Chubb business units.


• Complete data analysis and reconciliations for quality control of claims attachment and premium registration.


• Maintain established measures of business performance in evaluating and controlling monthly production, premium registration by statutory company and line of business.


• Partner with Ceded Re Buyers and the Business Units to prepare & evaluate ceded premium allocation to accurately impact business unit financial results.


• Communicate and resolve issues with the business units finance teams and reinsurance intermediaries impacting efficient execution of ceded reinsurance programs.


• Assists with the execution of special projects and performs other duties and tasks to meet company objectives within established time frames.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in Accounting or Finance with minimum 3.0 GPA


• Successful completion of college level curriculum with a concentration in Risk Management, Finance, Accounting or Mathematics.


• Good technical skills with a strong math aptitude with a working knowledge of Microsoft Excel.


• Ability to analyze and interpret insurance and reinsurance contracts as evidenced by experience in an insurance or reinsurance environment. 


• Familiarity with Industry having some knowledge of reinsurance operations and industry practices. 


• Strong organizational skills, result orientation with excellent attention to detail.


• Self-Leadership with a proven ability to work independently, self-motivate, and show initiative.


• Strong communication skills with the ability to communicate clearly with colleagues at all levels.  Must possess ability to express ideas effectively, and produce written documents that have appropriate organization, structure, and correct grammar.


• Proactive work ethic – a commitment to hard work and a high ethical conduct. 


• Strong attention to detail and analytical ability


• Ability to work independently with minimal supervision


• Excellent interpersonal skills.  Ability to communicate and negotiate with both internal and external contacts (e.g. Banks, Insurance Companies, Vendors)


• Ability to identify and prioritize dependencies, work effort, and deadlines. Excellent time management skills required.


• Creditable knowledge of Excel, Word, Cognos, SQL, and Peoplesoft

Desired Qualifications

Successful completion of industry professional designations – CPCU or ARe preferable.