12/02/2021

Financial Analyst

  • Chubb
  • Philadelphia, PA, United States

Job Description

Chubb is the world’s largest publicly traded property and casualty insurer. 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.

The Statutory Financial Analyst is a pivotal member of the Finance unit and will report to the AVP of Financial Reporting. The Financial Analyst will interact with a diverse group of internal personnel including other financial analysts, divisional personnel, and/or functional staff to interpret financial data and operational performance as well as reporting financial data to external insurance agencies.

Key Responsibilities

  • Prepare and analyze quarterly and year-end Statutory financial statements for certain Pool / Quota Share legal entities. Prepare the Management Review analytics while gaining an understanding of the management and legal entity financial reporting structure for North America
  • Verify the accuracy of financial statements by reviewing the general ledger and front-end system processing for reported results for the Companies
  • Successfully perform various tasks within the Statutory reporting group including data analysis, reconciliations, journal entry preparation, Generally Accepted Accounting Principles (GAAP) and Statutory financial reporting analytics, process documentation, and special projects as directed
  • Prepare reconciliations and research out-of-balances by running queries, analyzing PeopleSoft accounts, and communicating with business contacts
  • Use various PeopleSoft end user query tools to assist in the development and modification of queries, nVision (an Excel add-on within PeopleSoft) and Essbase generated reports (a business analytics solution) which are utilized in the Statutory analytical review process
  • Continue to support departmental initiatives and play an active role regarding special projects as identified by management

Competencies

Technical Skills:

  • Analytical skills with an ability to synthesize large data sets and ascertain anomalies 
  • Problem-solving skills with an ability to identify the problem, work through a solution and elevate to management as needed
  • Communication skills that express an ability to articulate one’s thought process using and referencing supporting materials
  • Ability to multi-task and prioritize deadlines
  • Organizational skills that include logical placement and maintenance of supporting documentation
  • Ability to work independently and as a member of a team
  • Microsoft Office skills including Word and Excel, specifically Pivot tables, VLOOKUP, SUMIF and index formulas with an ability to learn accounting and insurance financial reporting and electronic filings

Personal Skills:

  • Demonstrated integrity and dedication (flexibility in work schedule as peak periods for meeting filing deadlines will dictate work hours)
  • Time management (use time efficiently and extend self to others, adhere to deadlines including time for management review)
  • Team player with customer service orientation
  • Professional attitude, appearance, and demeanor
  • Enthusiastic self-starter

Education

  • Bachelor’s degree in Business with a major or minor in Accounting or Finance

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.


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