Financial Analyst, Surcharges (Finance)
JOB DESCRIPTION
RELATIONSHIPS AND SCOPE:
The Financial Analyst, Surcharges role is a critical contributor to the Surcharge account reconciliation function, to include the analysis, reconciliation and validation of related accounts in Chubb's general ledger. The role will report to the AVP Finance, Surcharges.
Factors for success include the delivery of quality and timely work product, attention to detail, strong communication skills, the ability to cultivate relationships with business partners across various functions, and a strong desire to learn and develop.
KEY RESPONSIBILITIES:
- Analysis of the payments made to the assessing organizations. Reconcile and validate with billing data from numerous policy administration systems. Research root causes of variances.
- Work with the business groups and manage the correction of reconciling items. Assign responsibility for reconciling items to the owners of the policy administration billing systems and/or to the assessment payment unit. Follow-up to ensure corrections/changes are instituted to rectify reconciling differences.
- Substantiate surcharge balances for review and testing by the Finance committee, Internal Audit and Financial Compliance departments.
- Prepare monthly reports to reconcile and validate the surcharge account balances.
- Reconcile & maintain surcharge billing database for monthly billing data received from various sources and validate with balances in the general ledger. Work with IT to resolve any discrepancies.
- Prepare supporting documentation, enter, and post journal entries into the general ledger.
- Update and document any changes to account reconciliation procedures and save in the department procedures shared drive.
- Respond promptly and within requested due dates to any internal questions.
- Assist as necessary, in terms of providing data to surcharge manager, for analysis on existing or new surcharges.
QUALIFICATIONS
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.
