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.Internship Program is planned to start in JUNE 2025.
Pursuing a bachelor’s degree in - Accounting, Business Analytics, Business Administration, Economics, Finance, Legal Studies, Management Information Systems, Risk Management.GPA of 3.0 or above required.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.Proficiency with Excel pivot tables.Good organizational skills required.The ability to identify and analyze situations or issues and determine practical or innovative solutions.The ability to work independently or within a team.Communication skills sufficient to clearly and accurately describe business situations and problems.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.