Philadelphia, PA
2 days ago
Chubb Associate – Reinsurance Contracts

Our Chubb Associate Program is a great starting point for individuals seeking an entry-level role in the insurance industry. By joining the Chubb Associate Program, you will be part of a cohort of top early career talent who will participate in a robust, comprehensive technical and experiential learning journey. Our two-year program is designed to accelerate your development, enhance your network, support you in reaching your career goals and enable you to contribute to the future success of Chubb. 

As a Chubb Associate, you will be in a full-time position within a specific line of business, and you will experience:

Challenging assignments and the opportunity to contribute to the results of a team. Collaborative learning and group assignments with your cohort to help gain broader organizational understanding. Technical training to develop an understanding of our industry and deepen your skill level within your chosen discipline. Personalized development opportunities to help your immersion into a professional work environment and support your career goals. Executive engagement allowing you the opportunity to network and learn from Chubb’s thought leaders. Mentoring support from your manager and former Chubb Associates to help you navigate through professional situations.

Specific Responsibilities:

Responsibilities include implementation of reinsurance treaty agreements protecting Chubb business units, analyzing Chubb treaty reinsurance agreements, identifying terms and conditions, analysis of premium/commission registration, and other attachment criteria.  The role will interact with a diverse group of internal & external partners including Divisional Financial Officers, Senior Underwriters, Ceded Reinsurance Buyers and Brokers and Senior Management.  

Interpret and implement treaty reinsurance agreements supporting various Chubb business units. Complete data analysis and reconciliations for quality control of claims attachment and premium registration.  Maintain established measures of business performance in evaluating and controlling monthly production, premium registration by statutory company and line of business. Partner with Ceded Re Buyers and the Business Units to prepare & evaluate ceded premium allocation to accurately impact business unit financial results. Communicate and resolve issues with the business units finance teams and reinsurance intermediaries impacting efficient execution of ceded reinsurance programs. Assists with the execution of special projects and performs other duties and tasks to meet company objectives within established time frames. Bachelor’s degree required, preferably in Business but others will be consideredGPA of 3.0 or abovePreferred prior work experience, including but not limited to summer jobs, part-time roles, or internshipsPreferred leadership experience, including but not limited to work, involvement in community service, athletics, clubs, or other activities

 

Sponsorship, now or in the future, is not available for this role. Applicants must be legally authorized for employment in the U.S. without need for current or future employment-based sponsorship.

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