Finance Manager

Job Description

Manager Finance Operations

The Manager Finance Operations is a pivotal member of the Finance unit and will report to the Assistant Vice President, Finance, Accident and Health. The Manager Finance Operations will interact with a diverse group of internal personnel including other financial analysts, divisional leadership, actuarial and functional staff to interpret financial data and operational performance.

Key Responsibilities

Specific deliverables include:

• Support Chubb Accident and Health division finance goals/objectives.
• Get a full and deep understanding of our business, processes, systems, and products.
• Support planning, forecasting and reporting processes for G&A and ULAE.
• Analyze G&A expenses and ULAE variances to plan and prior on a monthly basis with quarterly presentations to A&H senior leadership.
• Provide financial support to the Leisure Travel segment and reconcile various systems within this segment.
• Lead profit sharing/contingent commission/vesting activities for all segments in A&H; expect to have solid understanding of various profit share calculations, inputs, and results.
• Analyze all Reinsurance Treaties and report ceded premium by treaty and segment monthly and also provide explanations on variances to Plan and Prior.
• Oversee A&H Sales Incentive Compensation Program including review of contracts, eligibility criteria, calculations, and payments.
• Work with multiple groups: A&H management teams, BDMs/UWs, payroll, Corporate Accounting on accruals etc.
• TPA financial oversight – inventory and manage TPA contracts from finance perspective, both premiums and losses. Oversee expense and reporting (actuals vs Plan and Prior), ensure service level in compliance with contractual requirements, adhoc operational issues; this responsibility works with functional areas such as UW, Claims, TPA funding, Treasury Ops., etc.
• Billing and Receivables management – working with CSSC, UW, and segment leaders on billing issues, timely management of open balances/aging components, identifying, researching root causes and problem resolutions; identify operational efficiencies; assist in review and approval of credit extensions.
• Provide Statutory Reporting for A&H as requested.
• Build and maintain annual plan expense files working with Senior Leadership .
• Input expense plan into TM1 and update as needed.
• Provide timely, insightful responses to questions and requests.
• Utilize Chubb systems to compile data and research variances.
• Liaise with IT, Actuarial, Underwriting, Analytics and Operations to resolve issues and improve data quality.
• Mentor and support new team members in departmental duties.
• Assist with special projects and other assigned duties.
  
  

Successful Candidates Should Be Able To

• Demonstrate agility by managing and prioritizing workload in order to meet department and client expectations.
• Identify areas requiring improvement, assess scope and resources necessary to make improvements and follow through by executing on improvement plans.
• Advise management on the emergence and progress of deliverables, as well as the appearance of issues or obstacles.
  
  

Competencies

Technical Skills:

• Strong analytical skills with an attention to detail.
• Mastery of end user applications (e.g., Microsoft products such as Excel/Word/Access/PowerPoint).
• Exposure to other software products (i.e TM1, Power BI, PeopleSoft, Cognos, Peoplesoft, Qlik)
• Ability to problem solve, work autonomously, and manage multiple priorities.
• Ability to work with large amounts of data and simplify data into easy to read reports.
  
  

Required Personal Skills

• Team player with customer service orientation.
• Strong time management and organizational skills.
• Excellent verbal and written communication skills.
• Professional attitude, appearance, and demeanor.
• Enthusiastic self-starter with strong business and financial acumen.
• High integrity and dedication.
• Proven track record of achieving results.
• Strong leadership skills with a demonstrated career orientation.
• Ability to work effectively with other disciplines and all levels of management/staff throughout the organization.
  
  

Qualifications

Education and Experience:

• Bachelor’s degree in Business Administration, Accounting, or Finance required.
• Minimum of 6 to 10+ years of accounting or financial planning & analysis experience.
• Public Accounting experience and/or CPA or MBA designation a plus.
• Insurance industry experience beneficial.
  
  

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.