Reinsurance Services Contracts - Internship (Finance)
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.
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 contract analysts 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. 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.
- 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 WorkView system.
- Assists with reporting and data manipulation for transactional audits.
- Completes commutation and financial transfer updates, trading partner documentation and set up.
- Assist staff with documentation requests and reinsurance audit requests.
QUALIFICATIONS
- Pursuing
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.
