Financial Analyst

Chubb•Chicago, IL

10d

About The Position

Chubb Benefits is seeking a dedicated, detail-oriented Financial Analyst with 3–4 years of experience to join its finance team. The role performs core accounting functions and maintains financial records, including journal entries, monthly and quarterly account reconciliations, and internal and external financial reporting, while ensuring compliance with accounting standards. The Financial Analyst works with accounting team members, Financial Planning and Analysis personnel, functional staff, and external insurance agencies to interpret financial data and operational performance and report financial results. The position also supports process improvements, audits, departmental initiatives, and special projects.

Requirements

Bachelor’s degree in Business with a major in Accounting or Finance.
3–4 years of accounting experience.
Strong understanding of accounting principles, including GAAP.
Strong communication and interpersonal skills.
Strong computer skills and ability to learn accounting and insurance financial reporting for Life and A&H companies.
Ability to multitask and work under tight deadlines.
Strong organizational skills.
Experience with Microsoft Word and Excel.
Proven problem-solving skills.
Team player with a customer service orientation.
Professional attitude, appearance, and demeanor.
Strong time-management and organizational skills.
Strong verbal and written communication skills.
Enthusiastic self-starter.
Demonstrates integrity and dedication.

Nice To Haves

Insurance industry experience.
CPA certification or pursuing CPA certification.

Responsibilities

Coordinate monthly interface posting, correct errors booked to suspense, and research their causes and solutions.
Prepare and post monthly journal entries from sources inside and outside the team, communicating effectively with requesters.
Prepare quarterly reconciliations, including DAC, VOBA, and Future Policy Benefit Reserves, for review and sign-off.
Research and explain quarterly GAAP flux analysis items outside predetermined thresholds.
Work with the Chubb shared service team responsible for Statutory reporting to research and explain quarterly STAT flux analysis, where applicable.
Complete quarterly schedules for the Internal Reporting Process (IRP), coordinating with sources across the organization and providing explanations where applicable.
Research and complete account reconciliations in Blackline, with proper balance classifications and aging.
Perform statutory projections of income and surplus.
Verify financial statement accuracy by reviewing the general ledger and back-end system processing, and create process efficiencies.
Analyze current financial processes, identify improvement opportunities, and participate in continuous improvement initiatives.
Support departmental initiatives and complete special projects identified by management.
Assist with internal and external audits by providing required documentation and explanations.
Develop relationships with colleagues and interested parties inside and outside the organization.