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Chubb TPA Financial Analyst in Whitehouse Station, New Jersey

JOB DESCRIPTION

TPA Financial Analyst (FKA TPA Technical Analyst)

We are currently seeking a dynamic individual to fill the TPA Financial Analyst position and join the TPA Management team. This positions primary responsibility is to assist with the administration of the loss funds provided to TPAs in order to pay claims.

Responsibilities:

TPA Funding Items & Reconciliation
Calculating initial imprest balances for new and existing accounts and providing recommendations to management for sign-off
Adjusting the imprest balances on an as needed basis, including reconciling, collecting imprest deposits and closing inactive accounts
Reconcile bank statements to ensure that Chubb funds provided to the TPA are properly accounted for
Communicating results of research and analysis to appropriate business partners and working with them to resolve the issues
Maintaining and updating the TPA Master Funding Spreadsheets, Master Bank Lists, Upload Templates and other department spreadsheets to ensure compliance with SOX requirements
Generate daily reports from Quantum, PeopleSoft and other Chubb systems

Claim Funding Research
Research Resident Adjuster State claims in order to identify potential duplicate claims and determine actions needed in order to ensure loss runs are properly stated.
Review monthly Outstanding Claim Check Reports to ensure outstanding checks issued to TPAs and Chubb entities are appropriately outstanding, and funds will not be escheated incorrectly.
Work with DSU to resolve issues with checks identified to be in an incorrect status
Document findings and necessary action steps
Communicate with appropriate business partners to provide necessary information on outstanding TPA checks
Miscellaneous Items
Assisting with ad hoc requests and any other responsibilities or projects as assigned

Requirements:
5 or more years of experience with Property/Casualty insurance concepts, practices, and procedures strongly preferred
Bachelor's degree in Accounting, Finance, Business Management or related field
Strong communication and interpersonal skills - able to listen effectively, confidently express opinions and voice concerns and present ideas to various audiences
Proven problem solving skills
Detail oriented, shows initiative and ability to multi-task and prioritize deadlines
Strong time management and organizational skills
Ability to adjust and adapt in an ever-changing environment
Basic Microsoft Word, Excel, and Outlook
Basic knowledge of claim handling, Claim Vision/LINES is a plus
Positive Mental Attitude


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.


Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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