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Reinsurance Account Specialist - College Degree Pref - Enthusiastic Team Player
at Chubb Insurance in New Jersey
For more than 125 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd largest U.S.-based Corporation. The magazine also includes Chubb in its list of “America’s Most Admired Companies.” Forbes listed Chubb as one of America’s 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
Currently, Chubb is seeking a Reinsurance Account Specialist for the Warren, NJ office.
POSITION DESCRIPTION:
While working under the supervision of the Reinsurance Settlement Supervisor, the Account Specialist will be responsible for timely cash settlements of reinsurance premiums and reinsurance loss recoverables. This will also include monthly review of the reinsurance premium and loss subledger to ensure accurate account balances. The Account Specialist will also be responsible for timely reconciliation of open balances between Chubb and its reinsurers and brokers as well as resolving any discrepancies. This position will be accountable for the pursuit and documentation of loss collections related to outstanding recoverables. This will require daily interaction with brokers and reinsurers to determine payment status and to identify outstanding issues. In addition, the Account Specialist will be responsible for posting all cash transactions to the general ledger as well as coding all related statistical entries in the reinsurance subledger prior to each month end close. Additionally, this position will prepare various account analyses and journal entries and participate in other special projects as needed.
COMPETENCIES/TECHNICAL SKILLS:
• The ideal candidate must be able to understand insurance/reinsurance terminology and interpret complex reinsurance accounts. The individual must be self-motivated and enjoy working both independently and in a team environment. Must possess excellent analytical and problem solving skills.
• Requires ability to reconcile accounts, research and analyze data, draw conclusions and summarize results. Must be detail oriented, accurate and timely with a volume of detail as well as possess the ability to maintain pertinent documentation.
• Requires strong organizational skills and the ability to effectively manage time and prioritize multiple work assignments to meet deadlines. Accepts accountability and demonstrates good business decision making skills.
• Candidate must possess effective verbal and written communication skills and the ability to interact with management, other staff members and internal/external customers.
• Requires ability to assess and recommend new procedures and strategies to increase the group's efficiency and effectiveness.
• Strong technical knowledge and understanding of the Microsoft Office (Word, Excel, etc) and ability to learn and effectively utilize internal systems (FOCUS, ProCede).
EDUCATION:
• College degree with minimum of 6 credits in Accounting.
• Prior insurance experience or cash processing a plus.
Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by DiversityInc magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.
Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 8216.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8216&CurrentPage=2
Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd largest U.S.-based Corporation. The magazine also includes Chubb in its list of “America’s Most Admired Companies.” Forbes listed Chubb as one of America’s 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
Currently, Chubb is seeking a Reinsurance Account Specialist for the Warren, NJ office.
POSITION DESCRIPTION:
While working under the supervision of the Reinsurance Settlement Supervisor, the Account Specialist will be responsible for timely cash settlements of reinsurance premiums and reinsurance loss recoverables. This will also include monthly review of the reinsurance premium and loss subledger to ensure accurate account balances. The Account Specialist will also be responsible for timely reconciliation of open balances between Chubb and its reinsurers and brokers as well as resolving any discrepancies. This position will be accountable for the pursuit and documentation of loss collections related to outstanding recoverables. This will require daily interaction with brokers and reinsurers to determine payment status and to identify outstanding issues. In addition, the Account Specialist will be responsible for posting all cash transactions to the general ledger as well as coding all related statistical entries in the reinsurance subledger prior to each month end close. Additionally, this position will prepare various account analyses and journal entries and participate in other special projects as needed.
COMPETENCIES/TECHNICAL SKILLS:
• The ideal candidate must be able to understand insurance/reinsurance terminology and interpret complex reinsurance accounts. The individual must be self-motivated and enjoy working both independently and in a team environment. Must possess excellent analytical and problem solving skills.
• Requires ability to reconcile accounts, research and analyze data, draw conclusions and summarize results. Must be detail oriented, accurate and timely with a volume of detail as well as possess the ability to maintain pertinent documentation.
• Requires strong organizational skills and the ability to effectively manage time and prioritize multiple work assignments to meet deadlines. Accepts accountability and demonstrates good business decision making skills.
• Candidate must possess effective verbal and written communication skills and the ability to interact with management, other staff members and internal/external customers.
• Requires ability to assess and recommend new procedures and strategies to increase the group's efficiency and effectiveness.
• Strong technical knowledge and understanding of the Microsoft Office (Word, Excel, etc) and ability to learn and effectively utilize internal systems (FOCUS, ProCede).
EDUCATION:
• College degree with minimum of 6 credits in Accounting.
• Prior insurance experience or cash processing a plus.
Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by DiversityInc magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.
Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 8216.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8216&CurrentPage=2
Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.
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Published on Sep 27, 2010
Viewed: 402 times
Viewed: 402 times
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