Assistant Manager at Chubb in Philadelphia, Pennsylvania

Job Description:

JOB DESCRIPTION

The Assistant Manager role on the reinsurance team 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/quarterly accounts in accordance with the contract agreements
• Review and approve monthly/quarterly settlements
• Preparation of monthly and quarterly ceded reinsurance financial reports. 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 for the Reinsurance Services team. Formulating action plans in order 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

QUALIFICATIONS

• Bachelor's

  ABOUT US

  
  

  Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

  
  

  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.