Chubb·9 days ago
9 days ago
Senior Accountant
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What you'll do
- Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement leveraging process automation.
- Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues.
- Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans to resolve aged balances.
- Resolve any issues or answer queries regarding the reinsurers’ statements, certificates, or related entries in the reinsurance premium and loss systems.
- Preparation of monthly and quarterly ceded reinsurance financial reports as needed. Provide commentary on various reports for senior management.
- Ad hoc requests from internal and external customers (i.e. audits).
What they're looking for
- Extensive knowledge of reinsurance accounting, contracts, and procedures.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Relationship and Scope:
The position requires extensive knowledge of reinsurance accounting, contracts, and procedures. The candidate will use this knowledge to unravel complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution.
Responsibilities Include:
- Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement leveraging process automation.
- Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues.
- Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans to resolve aged balances.
- Resolve any issues or answer queries regarding the reinsurers’ statements, certificates, or related entries in the reinsurance premium and loss systems.
- Preparation of monthly and quarterly ceded reinsurance financial reports as needed. Provide commentary on various reports for senior management.
- Ad hoc requests from internal and external customers (i.e. audits).
Company
Chubb
Philadelphia, United States of America
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