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Chubb - Philadelphia, PA
posted 17 days ago
Philadelphia, PA
Insurance Carriers and Related Activities
About the position
The position requires extensive knowledge of reinsurance accounting, contracts, and procedures. The candidate will use this knowledge to unravel complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution.
Responsibilities
- Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement.
- Preparation of monthly and quarterly ceded reinsurance financial reports as needed. Provide commentary on various reports for senior management.
- Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues.
- Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans to resolve aged balances.
- Resolve any issues or answer queries regarding the reinsurers' statements, certificates, or related entries in the reinsurance premium and loss systems.
- Ad hoc requests from internal and external customers (i.e. audits).
