Director - Global Credit Management
ACE American Insurance Company
Compensation
About the role
Chubb Global Credit Management is primarily responsible for the assessment and mitigation of direct and indirect credit risk to the Chubb organization across a broad range of credit counterparties within various industries and geographies which involve contractual payment or reimbursement obligations to Chubb, namely – Insureds with Large Deductibles/Retained Risk, Captive Reinsurers, Brokers, Agents, Managing General Agents, Vendors, Third-Party Administrators (TPAs), Network Partners, and Collateral-Issuing Providers.
Responsibilities
- Support and lead projects and initiatives focused on process improvement, workflow optimization, quality control, and associated change management.
- Interface with various stakeholders on credit-related matters and cross-functional deliverables.
- Maintain, refine, develop, implement, and promulgate department guidelines, best practices/SOP.
- Training & Development coordination and administration.
- Prepare and assist with presentation materials and select internal reporting requirements.
- Assist with audit and compliance requirements and deliverables.
- Assist with analysis of counterparty credit quality, credit risk mitigation measures, and completing associated administrative, contractual, and reporting functions.
- Assist with care, custody, and control of incoming & outgoing collateral instruments and associated documentation for compliance with corporate standards and regulatory requirements, specifically as pertains to Letters of Credit, Trusts/Pledge Agreements, Surety Bonds, and Cash/Escrow deposits.
- Support departmental Expense FP&A needs
- Ad hoc projects and assignments
Requirements
- Bachelor’s degree in Finance or Accounting, with at least 10 years of relevant work experience.
- MBA or CPA (or progress towards) a plus, but not required.
- Knowledge of insurance principles and financial institutions a plus, but not required.
- Experience with and demonstrated success with process improvement and change management.
- Proficient technical skills and ability to navigate various internal & external platforms/data sources.
Benefits
- 401k matching
- Health insurance
- Flight privileges
About the Company
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.
Job Details
Salary Range
Salary not disclosed
Location
Philadelphia, PA, U.S.
Employment Type
Full-time, Regular
Original Posting
View on company website