Division Finance Officer - Commercial Lines

Chubb Ltd

Philadelphia, PA

JOB DETAILS
SALARY
$157,000–$227,000 Per Year
SKILLS
Accounting, Actuarial Skills, Analysis Skills, Automation, Budgeting, Business Analysis, Business Case, Business Development, Business Intelligence, Business Strategy, Claims Processing, Communication Skills, Corporate Policies, Corrective Action, Detail Oriented, Economics, Expense Analysis, Finance, Finance Software, Financial Analysis, Financial Management, Financial Planning, Financial Planning and Analysis (FP&A), Financial Reporting, Financial Strategy, Forecasting, Generally Accepted Accounting Principles (GAAP), Head of Finance, Incentive Programs, Industry/Trade Analysis, Insurance, Insurance Underwriting, Leadership, Maintain Compliance, Microsoft Excel, Microsoft PowerPoint, Performance Analysis, Performance Management, Performance Metrics, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Profit & Loss, Strategic Planning, Time Management, Trend Analysis, Underwriting, Writing Skills
LOCATION
Philadelphia, PA
POSTED
30+ days ago

As a member of the COG Commercial Team and the COG Finance Team, the Division Finance Officer is responsible for overseeing the financial management and success of the commercial lines business, ensuring compliance with the company's policies and procedures, and providing strategic financial guidance and analytic tools to the divisional leadership team and the overall finance function.

Key Competencies:

  • Strong financial management and analytic skills - ideally with experienced financial experience across Commercial lines
  • Strategic thinking and leadership abilities - managing stakeholders across multiple countries, product lines and executive levels
  • Comfortable working in a matrix environment
  • Mature business partnering and influencing skills - ability to find a balance between business and financial stakeholders
  • Strong executive communication and written skills - crisp executive level narrative and insightful commentary on all deliverables
  • Relentless curiosity across all financial and strategic initiatives within Commercial Lines

Responsibilities ----------------

Business Partnering:

  • Day to day active business partnering across all product line leaders for Commercial lines, including both business and finance leaders
  • Communicate financial information and analysis to the divisional leadership team, as well as COG FP&A and COG CFO, including presenting financial reports, analysis and recommendations for future performance KPI trending

Financial Strategy:

  • Work with the divisional leadership team to develop and implement business strategies that align with the company's financial goals
  • Lead on business cases for new Commercial distribution deals and growth strategies, ensuring stakeholder management to deliver structured & timely sign-off an approval process as required

Financial Planning and Analysis:

  • Drive and lead on all Commercial Lines financial planning and analysis activities, including annual budget, quarterly forecasts, and monthly and quarterly performance
  • Prepare insightful, timely, executive level FP&A deliverables to the business leaders and COG Finance in line with the corporate FP&A calendar
  • Identify material variances on KPIs and provide insightful analytics, recommending adjustments and corrective actions as needed

Financial Analytic Tools:

  • Design, implement and deliver analytical tools that provide timely insights and trend analysis on business performance across all P&L categories, inclusive of premium roll forwards, acquisition cost bridging, and key expense analytics, and across all cohorts of commercial business, inclusive of segment and industry

Financial Compliance:

  • Strong business partnering with COG Head of FP&A, COG Controllership and COG Actuarial teams to ensure compliance of the division, regional and local Commercial operations with local and US GAAP policies, as well as company policies and procedures

Leadership:

  • Manage and develop a matrix team of business and finance professionals, including training and performance management
  • Drive process improvement & automation: Lead and drive digital transformation of day-to-day financial reporting processes for Commercial lines across all of COG
  • Business partner closely with COG head of FP&A on global initiatives for FP&A digital flip and automation

BI enabled analytics:

  • Work with COG Head of FP&A and the business leaders to drive a self-service BI enabled curiosity on financial performance

Ad Hoc Analysis:

  • Complete ad‐hoc requests as necessary in desired timeframe
  • This includes anticipating future requests based on current activities/events and presenting options/solutions
  • Support other ad hoc Finance projects and initiatives identified by management

About Chubb ------------

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.

Equal Employment Opportunity ---------------------------

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.

Requirements ------------

  • Bachelor's degree in finance, economics, or accounting (or equivalent experience)
  • 7+ years' experience in finance related fields, within the insurance industry
  • Significant background in financial planning, financial analytics, forecasting, accounting, reporting, and controls
  • Strong knowledge of insurance products, underwriting process, and relevant industry trends
  • Strong analytical and problem-solving skills with a focus on attention to detail and accuracy
  • Excellent written and verbal communication skills
  • Proficient in financial management software and advanced proficiency in Microsoft Excel, PowerPoint, and other relevant tools

Compensation ------------

The pay range for the role is $157,000 to $227,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

About the Company

C

Chubb Ltd

Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S.

With operations in 54 countries and territories, we are a major personal lines writer, as well as a leading middle market, small commercial and large industrial commercial insurer, providing a wide range of traditional and specialty coverages.

As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. And we combine the precision of craftsmanship with deep experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families and to businesses of all sizes.

Our products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing.

What we deliver:

  • Extensive product and service offerings
  • Broad distribution capabilities
  • Service excellence
  • Risk expertise
  • Underwriting discipline
  • Exceptional financial strength
  • Local operations globally
COMPANY SIZE
500 to 999 employees
INDUSTRY
Insurance
FOUNDED
1792
WEBSITE
https://www.chubb.com/