Reinsurance Services Contracts - Internship - 5040DESCRIPTION/RESPONSIBILITIES:
JOB DESCRIPTION
Supports the Chubb Reinsurance Services (CRS) contracts unit in the administration of treaty and facultative reinsurance agreements protecting the interests of the Chubb Group of companies.Assist with and participate in daily as well as special projects to meet the business, operational, and financial goals of the Chubb Group.RELATIONSHIPS AND SCOPE:
During this internship, you will work with and become familiar with each position in the Reinsurance Contracts department. You will interact with all positions from the Vice President of Contracts down to the technical assistants in the department. You'll learn how to use major systems and get an understanding of how the Claims, Accounting, Finance, and Contracts departments are impacted by and related through those same systems and by the associated reinsurance agreement. Will need to assist with financial reporting, database management, and possible SharePoint administration. Under the supervision of a manager and/or staff, operate within defined CRS procedures, automated systems, and in accordance with contractual provisions and accepted industry practices. May work independently or on teams to accomplish project goals.DUTIES AND RESPONSIBILITIES:
Completes quality control auditing of reinsurance agreements by comparing key document elements to system data elements.
Assist with company treaty reinsurance contracts for review and entry into online systems.
Collects salient reinsurance agreement data from financial systems, ad-hoc reporting tools, and other sources.
Constructs reinsurance contract data profiles to identify trends and differences and to ensure data accuracy and completeness.
Completes forensic research of archived, historical reinsurance agreements.
Review and research insurance and reinsurance company data, ownership, and financial status to update our trading partner database as needed with current, newly discovered information.
Analyzes, organizes, and prepares reinsurance agreement documentation for scanning and indexing into Apollo system.
Assists with reporting and data manipulation for transactional audits.
Assist management with financial analysis using Microsoft Excel and Access query building.
Completes commutation and financial transfer updates, trading partner documentation and set up.
Assist staff with documentation requests and reinsurance audit requests.QUALIFICATIONS
Pursuing a Bachelor's Degree.
Strong GPA, 3.0 or above required
Strong IT and business analytical skills required.
Problem-solving skills sufficient to resolve issues with data, documentation, or process with limited supervision.
Proven ability to analyze and manipulate data using Microsoft Excel or Access.
Proficiency with Excel pivot tables.
Familiarity with SQL or data querying a plus.
SharePoint knowledge a plus.
Good organizational skills required.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.