Staff Accountant

Chubb • Philadelphia, PA

6d

About The Position

The Staff Accountant requires extensive knowledge of reinsurance accounting, contracts, and procedures. The position uses this knowledge to identify technical issues and complete detailed reconciliations to resolve complex reinsurance matters.

Requirements

• Bachelor’s degree in Accounting, Finance, Business, or Business Insurance.
• One to three years of reinsurance accounting experience.
• Ability to identify areas for process improvement.
• Ability to analyze large data sets to identify and resolve complex issues.
• Ability to work effectively in a fast-paced environment.
• Proven ability to work independently and take ownership of responsibilities.
• Excellent oral and written communication skills.

Nice To Haves

• Insurance designations such as ARe or CPCU are desired.
• Proficiency in Microsoft Excel, Microsoft Word, and PeopleSoft is preferred.
• FIRST knowledge is a plus.

Responsibilities

• Prepare, disburse, and settle monthly and quarterly accounts in accordance with contract agreements, leveraging process automation.
• Work with internal teams and third parties to verify receipt of billings, initiate collection of open balances according to established procedures, respond to queries, resolve receivable and payable discrepancies, and escalate unresolved collection issues.
• Review the reinsurance premium and loss subledger monthly to ensure account balances are accurate.
• Formulate action plans to resolve aged balances.
• Resolve issues or answer queries regarding reinsurers’ statements, certificates, or related entries in reinsurance premium and loss systems.
• Prepare monthly and quarterly ceded reinsurance financial reports as needed.
• Provide commentary on various reports for senior management.
• Respond to ad hoc requests from internal and external customers, including audit requests.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level