Senior Financial Accountant at Chubb in Philadelphia, Pennsylvania

Job Description:

JOB DESCRIPTION

Senior Financial Accountant

Relationship & Scope:

The position will report to a Senior Manager of the Financial Control Unit (FCU) and will assist with completing review and analysis of Balance sheet accounts, accounting journal entries and management testing over internal control objectives executed as part of Sarbanes Oxley compliance. The position will help with qualitative and quantitative analysis of accounts, understanding and evaluation of accounting transactions and journal entries, support for various control activities performed, advisory and consulting services to all manner of control owners within Chubb, and supervisory duties regarding first level review work performed by FCU resources contracted through a third-party vendor.

About The FCU:

The FCU team is part of Corporate Finance and is responsible for design and execution of quality control testing (QC) procedures that ensure Management's compliance with specific key controls in the areas of Underwriting, Reinsurance, Claims and Finance/Accounting, in addition to the Balance Sheet Reconciliation Quality and Reporting processes. The team's major deliverables are the summary of test results to various constituencies including divisional and segment Chief Financial Officers, Corporate Finance leadership, and both Internal/External auditors.

DUTIES & RESPONSIBILITIES:

Balance Sheet Reconciliation Quality & Reporting:

• Develop understanding of accounting processes at Chubb and provide insight and analysis on Balance Sheet accounts and transactions.
• Utilize technical accounting knowledge to research areas of concern identified within reconciliation process and help account owners to improve reconciliation and reporting.
• Assist in the consolidation of the global account reconciliation reporting process.
• Assist in the performance of the adhoc quality reviews, serve as supervisory reviewer for work performed by testing personnel, execute quality reviews for more complex areas of the organization, including international regions that have recently implemented the global account reconciliation policy along with performing reconciliations on the BlackLine Reconciliation tool.

• Supervisory responsibility for QC testing performed & reviewed by testing personnel, addressing all questions & concerns they initiate. Execute QC testing for more complex accounts / areas of the organization, ensuring compliance with company policy.
• Help drive remediation of exceptions identified during QC testing, ensuring resolution of exceptions within an appropriate timeframe after the QC review.
• Perform additional training to those involved in the account reconciliation process to ensure exceptions are minimized in future periods.
• Instill discipline with account reconciliation preparers and owners to facilitate the discontinuation of poor practices and encourage compliance with policy. Leverage relationships & past interactions to improve outcomes.

• Provide ancillary testing/execution resources when needed on other QC controls
• Assist in the revision of process narratives for all FCU QC processes.
• Leverage relationships with control activity owners to improve their execution and to enhance FCU understanding of the work being performed by control owners.

QUALIFICATIONS

Qualifications

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