Senior Financial Accountant

Job Description

Senior Financial Accountant

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.

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.
Account Reconciliations QC:

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.
Premium Registration QC:

Manage and take ownership of the premium revenue QC review to ensure it is a sustainable process. Balance efficiency in testing results (a high-volume and very visible control test) with effectiveness of the review process.
Assist in documenting the population and the appropriateness of the scope to ensure adequate coverage / completeness.  Serve as primary liaison to both internal and external Audit regarding same, facilitating their understanding and addressing any questions.
Assess testing results and develop the extrapolation process, ensuring the logic is sound and the financial calculations are reasonable. The impact of extrapolation bears substantial risk and must be performed/reviewed carefully.
Contribute to completion of extrapolation memos on a quarterly basis; present memo results to department leadership.
Other responsibilities:

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 and Experience

Bachelor’s degree required; Accounting concentration strongly preferred
MBA and/or CPA designation a plus
2-4 years’ professional experience required; Public Accounting or Internal audit experience a plus
Insurance industry experience beneficial, but not necessary
Mastery of foundational MS applications (Excel, Word, PowerPoint) is expected.
Experience with BlackLine software is beneficial.
Required Personal Skills:

Team player with customer service orientation is essential, examples of collaboration and problem-solving expected.
Professional attitude, and demeanor
Strong verbal and written communication skills; ability to prioritize objectives and work effectively across all areas of the organization
Enthusiastic self-starter with a track record of critical thinking and orientation to results
Demonstrated integrity and dedication
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.

EEO Statement

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 retaliationagainst any individual who reports discrimination or harassment