Senior Accountant, COG (Finance)
JOB DESCRIPTION
Senior Accountant, COG
Support U.S. GAAP consolidation and reporting for Chubb Overseas General (COG). This includes reviewing foreign field office submissions, addressing accounting issues, analyzing intercompany transactions, and recording and supporting elimination entries. Additionally, support the Chubb International Financial Reporting management team with monthly analytics and reconciliations, currency translation adjustments, journal entry preparation and Sarbanes-Oxley compliance procedures.
Duties & Responsibilities:
- Analyze balance sheets of global entities to ensure conformity with US GAAP
- Explain quarterly balance sheet movements via detailed commentary and supporting variance analysis
- Provide detailed analysis and support for various quarterly IRP reporting schedules used to consolidate Chubb's externally reported results.
- Support the ongoing efforts to ensure that affiliated balance sheet relationships remain in balance and reconciled. This will entail ensuring that operational issues are addressed on a timely basis along with facilitating the ongoing communications between concerned affiliated parties.
- Assist and eventually manage COG's review of the intercompany out of balance positions. Specifically, the individual will need to gain an understanding of Chubb's internal reinsurance and other intercompany transactions and applicable front-end systems. The role holder is also expected to play a key role in improving COG's intercompany management and settlement process by helping to develop processes and technology to better manage this vital area.
- Assist the COG financial accounting team in generally managing and reviewing all COG ledgers. This could include problem solving, enhancing reporting, meeting ad-hoc requests, launching initiatives to better maintain the ledger, efforts to open or close business units and other day to day ledger management work.
- Assist in the review of the local statutory to U.S. GAAP semi-annual Balance Sheet and Income Statement reconciliations. Link analytics back to monthly review analysis and local capital modeling and evaluate impacts.
- Support Chubb International's Sarbanes-Oxley compliance efforts, including oversight for the annual updates to SOX process narratives, key control re-assessments, walkthroughs with internal and external auditors, controls testing, and the quarterly attestation process for senior management.
- Prepare journal entries as directed and required.
- Support special projects aligned with segment priorities, including purchase accounting and several new COG/Chubb Limited efficiency enhancements.
QUALIFICATIONS
- Bachelor's
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.
