The Chubb financial groups are renowned for the caliber of their people. Employees in the financial groups possess exceptional
mathematical abilities, a high level of academic achievement and a penchant for challenging assignments. For business graduates
with majors in accounting, information systems, financial or other related fields, we offer opportunities in our Accounting,
Actuarial, Internal Audit, Tax and Treasurer's Departments. Our comprehensive training supports your desire to excel within
this career path.
Accounting
Our accounting department is responsible for reporting financial results to shareholders, regulators and Chubb management,
as well as determining the impact of new accounting and reporting requirements and developing appropriate strategies to implement
them. Because our accountants are involved with many facets of financial analysis, they are frequently called upon to work
with the other areas in the company on a daily basis. Whether it's working on issues related to accounting systems within
our Information Technology group or working with underwriting managers to determine why fluctuations in premium value have
occurred, you'll never experience the same day twice.
Our accounting department has many areas in which you can train and specialize; including:
Property & Casualty Accounting and Corporate Reporting
Accountants in this team are primarily responsible for reporting financial information to sources outside of the company.
Property & Casualty Accounting is responsible for general accounting functions, account analysis, and regulatory reporting
for Chubb's domestic property and casualty insurance companies. Corporate Reporting reports Chubb's consolidated financial
results to the company's shareholders, its board of directors and the Securities and Exchange Commission.
Statistical Accounting
Our statistical accountants analyze the quarterly results of our property and casualty underwriting and produce detailed profit
and loss reports to senior management. They also obtain and interpret extensive financial data that enable them to answer
questions such as: Which underwriting units produce our most profitable business? What trends are occurring with regard to
underwriting expenses? What has contributed to the overall improvement or decline in our underwriting results?
Investment Accounting
Sound investment activity is critical to our financial health. The investment accounting team is responsible for accurate
accounting and reporting of all securities transactions for Chubb including each of its domestic subsidiaries. Our investment
accountants also perform intensive analysis on both investment activities and results.
Bordereau Accounting and Reinsurance Ceded Accounting
These groups maintain the accounts for inbound and outbound reinsurance transactions for all of Chubb's property and casualty
member insurance companies. They also settle premium, loss and expense transactions for both U.S. domestic and foreign-placed
business. Our reinsurance accountants interpret and implement contractual agreements between affiliated and non-affiliated
companies, translate and consolidate our foreign branch results, and monitor and secure required letters of credit.
Accounting Systems
The accounting systems group acts as a liaison between the Accounting Department and other departments involved in the reporting
of the financial results. Members of this section are responsible for the development and maintenance of most accounting
systems, both U.S. domestic and international, and for ensuring that the Accounting Department's electronic needs are met.
