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Senior Financial Analyst

Job DescriptionThe Senior Financial Analyst is a pivotal member of the Finance unit and will report to the Assistant Vice President, Finance, Accident and Health. The Senior Financial Analyst 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:• Get a full and deep understanding of our business, processes, systems, and products.• G&A expense and ULAE reporting, variance analysis and planning.• Assist with expense budgets for various A&H departments.• Maintain expense database for analysis, familiarity working with large data sets and manipulation.• Review actual expenses on a monthly basis and update forecasts as necessary.• Financial support to Leisure Travel and Individual Travel segments.• Balancing Paymentech to Chubb Systems.• Manage all Credit Card Chargebacks.• Accounts Receivable Reconciliations.• Monthly Quantum Cash Balancing.• Periodic Reconciliation of Various Leisure Travel/Individual Travel systems.• Monthly analysis and validation of registered premium and commissions.• Prepare Accounts Payable vouchers and Vendor Management - Coupa experience a plus.• Periodic journal entries for various fees.• Year End Statutory Reporting for A&H.• Assist in preparing profit share calculations.• Manage Affinity production, monthly forecast, annual plan, strategic plan.• Assist with special projects and other assigned duties.• Support Chubb Accident and Health division finance goals/objectives.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.• Ability to complete multiple tasks independently in a fast paced, dynamic work environment.• Work in 3 days in office /2 days work from home hybrid work schedule.QualificationsTechnical Skills :• Strong analytical and reconciliation 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 Sense).• Proven problem-solving skills.• Ability to work effectively across organizational areas and management levels.Required Personal Skills / Competencies:• Team player with customer service orientation.• Strong time management and organizational skills.• Strong verbal and written communication skills.• Professional attitude, appearance, and demeanor.• Enthusiastic self-starter.• High integrity and dedication.Education and Experience:• Bachelor's degree in business administration, Accounting, or Finance required.• Minimum of 3 - 5 years of accounting or financial planning & analysis experience.• Public Accounting experience and/or CPA or MBA designation a plus.• Understanding of P&C insurance accounting (GAAP/SAP) and insurance industry experience beneficial.About UsChubb 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.
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What You Should Know About Senior Financial Analyst, Chubb

If you're ready to step up your career as a Senior Financial Analyst at Chubb in Lebanon, NJ, then this could be your next big opportunity! As part of the Finance team, reporting directly to the Assistant Vice President, you'll play a key role in understanding our diverse business processes and operational performance. Your analytical skills will shine as you handle G&A expense reporting and variance analysis while creating expense budgets for various departments within Accident and Health. The beauty of this job lies in its variety; you’ll engage with a range of internal teams, from divisional leadership to actuarial experts, to interpret crucial financial data. You'll be responsible for maintaining our expense database, conducting monthly reviews of actual expenses, and making necessary forecasts. Moreover, your work will provide financial support for the Leisure Travel and Individual Travel segments, engage in accounts receivable reconciliations, and so much more. With opportunities for special projects and strategic planning, your proactive and detail-oriented nature will be essential in helping Chubb achieve its financial objectives. We value a team player attitude, strong communication skills, and an eagerness to learn. Plus, enjoy a great hybrid work schedule—three days in the office and two days working remotely. Join us at Chubb, where integrity, professionalism, and an enthusiastic approach are at the core of what we do!

Frequently Asked Questions (FAQs) for Senior Financial Analyst Role at Chubb
What are the key responsibilities of a Senior Financial Analyst at Chubb?

As a Senior Financial Analyst at Chubb, you'll take on a range of responsibilities that include managing G&A expense reporting, variance analysis, and assisting with expense budgets across different departments. You'll also engage in financial support for Leisure and Individual Travel segments, managing credit card chargebacks, and performing various monthly reconciliations. Essentially, your role will involve significant interaction with internal teams to ensure accurate financial data interpretation and operational performance evaluation.

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What qualifications are required for the Senior Financial Analyst position at Chubb?

To qualify for the Senior Financial Analyst role at Chubb, you need a Bachelor's degree in Accounting, Finance, or Business Administration, alongside 3 to 5 years of relevant experience in financial planning and analysis or accounting. While CPA or MBA designations and experience in public accounting are advantageous, familiarity with P&C insurance accounting principles is also beneficial.

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What skills are essential for a Senior Financial Analyst at Chubb?

Essential skills for a Senior Financial Analyst at Chubb include strong analytical and reconciliation skills, proficiency in end-user applications (especially Microsoft Excel), and the ability to manipulate large data sets. Communication, time management, and the capability to work in a fast-paced environment while maintaining attention to detail are also crucial for success in this role.

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What is the work environment like for a Senior Financial Analyst at Chubb?

Chubb offers a dynamic and collaborative work environment for Senior Financial Analysts. You will work alongside various financial teams, engaging in a hybrid schedule that allows for both in-office collaboration and remote work. This balance encourages productivity and allows for flexible management of personal and professional commitments.

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How does Chubb support the professional development of Senior Financial Analysts?

At Chubb, we are committed to the professional development of our employees, including Senior Financial Analysts. Continuous learning opportunities, mentorship programs, and a supportive team culture will enable you to strengthen your skills and advance your career within the finance sector.

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Common Interview Questions for Senior Financial Analyst
How do you approach variance analysis in your role as a Senior Financial Analyst?

When discussing variance analysis during an interview for the Senior Financial Analyst position at Chubb, it's best to explain your methodology for gathering, analyzing, and interpreting data. Highlight how you identify discrepancies, investigate the root causes, and communicate findings effectively to stakeholders, demonstrating your analytical and problem-solving skills.

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Can you describe your experience with financial forecasting?

To answer a question about financial forecasting, provide specific examples of your past experiences where you used data to create forecasts. Discuss the tools or software you employed, how you validated your assumptions, and how you adjusted forecasts in response to actual performance trends, showcasing your strategic thinking.

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What financial software are you familiar with, and how have you used them?

In responding to this question, outline the financial software you've worked with, such as Excel, TM1, or Power BI. Explain the context of your experiences, such as managing expense databases or conducting analysis, and how your expertise in these tools can contribute to the role at Chubb.

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How do you ensure accuracy in your financial reports?

When asked about ensuring accuracy in financial reports, discuss your process in detail, which includes thorough data verification, external review processes, and adherence to financial regulations. Mention your attention to detail and highlight any checklists or protocols you follow to minimize errors.

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How would you handle a situation where you identify a significant discrepancy in financial data?

In your response, explain that identifying a significant discrepancy requires a calm and methodical approach. Detail how you would investigate the issue thoroughly, consult with relevant stakeholders, and present a solution-oriented mindset toward resolving any misunderstandings.

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What strategies do you use for time management and prioritizing tasks?

Discuss your effective time management strategies, such as creating prioritized to-do lists or utilizing project management tools. Support your answer with examples of how you've successfully managed competing deadlines and tasks in previous roles, emphasizing your organizational skills.

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How do you collaborate with teams across different departments?

Demonstrate your collaborative approach in response to this question by describing specific instances where you've successfully engaged with cross-functional teams. Highlight how effective communication and understanding of different departmental goals helped achieve shared successes.

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Can you provide an example of a successful financial project you managed?

Be prepared to share a detailed example of a successful financial project you've led. Discuss the project's goals, your role, the methods you employed, and the impact it had on the organization, focusing on both quantitative and qualitative results.

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Why do you want to work as a Senior Financial Analyst at Chubb?

When answering this question, communicate your keen interest in the insurance sector and your admiration for Chubb's commitment to quality and service. Discuss how the role aligns with your professional aspirations and your desire to contribute positively to the Finance team's success.

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What do you know about Chubb and its financial goals?

To respond effectively, demonstrate your research about Chubb by discussing its position in the insurance market, its recent initiatives, and its financial performance. Relate this knowledge back to how you can support its objectives through your role as a Senior Financial Analyst.

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Full-time, hybrid
DATE POSTED
December 18, 2024

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