Description

JOB DESCRIPTION

This position is primarily responsible for the facilitating of ceded payables & recoverables for Chubb Overseas General's Global Treaty reinsurance unit. Analyst will manage assigned programs for reinsurance related Accounting and Financial Functions on an international book of business.

Key responsibilities include the timely billing/collection of third-party reinsurance recoverables, analyzing and reconciling financial/statistical data, and communicating with internal and external stakeholders, including:

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  Primary responsibility is on managing third party excess of loss deposit premiums and premium adjustments across multiple lines of business for the Global Treaty Department's Operations team, exceeding $500M annually. Work closely with internal finance teams, brokers and reinsurers to accurate forecasting, settlement, and accounting of balances due to and from the organization.
  
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  Accurately maintain intercompany deposit premium and adjustment settlements and balances due to/from. Prepare adjustments and corresponding accounting entries as required, proactively collecting aging "on behalf of" balances.
  
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  Manage a book of external proportional and excess of loss reinsurance to ensure billings are issued accurately and correctly, and contract terms are properly applied. Analyze large value claims, assessing and determining applicable reinsurance coverage, for responsible lines of business. Prepare quarterly bordereau and statements. Pursue collections with a goal of more than 90% of recoverables collected within 90 days.
  
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  In the Global Treaty general ledger and SAPIENS reinsurance environments, promptly apply cash receipts/disbursements and register treaty adjustments while maintaining ledger balances in line with departmental and accounting guidelines. Assist with transitioning to new PeopleSoft AR ledger environment. Enter and configure treaties in SAPIENS as required.
  
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  Perform accounting reconciliations on reinsurance balances payable accounts to accurately explain balance compositions and journal voucher activity.
  
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  Utilize data warehouse systems to reconcile balances, prepare management reports and complete reporting activities in a timely manner. Review and reconcile accounting and statistical data to ensure the data integrity and accuracy of reported Reinsurance data.
  
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  Consider existing processes and propose opportunities for enhancement, efficiency, automation and streamlining, as possible. Perform miscellaneous duties as required to achieve the overall objective of the position.
  

Requisition #: 28140

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