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Senior Financial Analyst

Employer
Chubb
Location
Philadelphia, USA
Salary
Competitive
Closing date
Aug 4, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

The Senior Financial Analyst is responsible for analyzing and evaluating balances that have accrued through an automated process in Peoplesoft to ensure they are adequate with respect to future liabilities related to assessments. In addition, the role will also be responsible to analyze balances for surcharge accounts to ensure that the balance has adequate support each quarter. The results of these analyses will be reported quarterly to our internal finance committee.

This role operates on a hybrid work schedule (3 days in office, 2 days remote), and is based out of our Philadelphia office.

Major Job Objectives:
  1. Manage and maintain control over the accrued liabilities by conducting a detailed analysis to evaluate the adequacy of the balances on a quarterly basis for all writing companies.
  2. Assist with upload of accrual rates to PeopleSoft each month.
  3. Assist with analyzing any material changes in accrual rates and communicate those findings to manager when applicable.
  4. Contact State Government Affairs each quarter for information regarding any new insolvencies that could potentially result in Guaranty Fund assessments.
  5. Organize information for the quarterly financial meeting to discuss proposed changes to existing accrual account balances and coordinate the distribution of all supporting documentation & schedules for the meeting.
  6. Prepare & post necessary General Ledger journal entries if the recommended adjustments are authorized.
  7. Conduct research to provide answers to any accrual related inquiries from the Financial Compliance Unit, Internal Audit, and Price Waterhouse.
  8. Review reconciliation procedures under Sox control 4095 each quarter to ensure any needed changes are incorporated by the due date published by the Financial Control team.
  9. Ensure that quarterly reconciliations are entered into Blackline Reconciliation Tool on time and with all proper supporting documentation.
  10. Complete assigned quarterly surcharge account reconciliations in a timely manner.
  11. Prepare paid to billed analyses as appropriate for surcharges where required.
  12. Perform quarterly Sox control audit of large payments processed in the quarter to include a review of accrual rate calculations for the PBA & GF accrual process.


Qualifications

  • B.S. degree in finance or accounting
  • 3 - 5 years of experience in financial/accounting and/or insurance areas.
  • Excellent communications skills to articulate viewpoints/positions to various levels of internal management.
  • Excellent data analysis skills and effective problem-solving ability.
  • Ability to work effectively on a team as well as individually to self-manage own processes.
  • Experience with data mining/query applications, such as Cognos, Hyperion, Qlik, etc., is preferred.
  • Advanced skill level in Excel is preferred.
  • Experience with Peoplesoft Financials is preferred.

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.

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