Financial Analyst: ACE Limited/ACE INA

The ACE Group of Companies is one of the worlds leading global commercial property and casualty insurance and reinsurance organizations, with 16,000 employees worldwide and offices in more than 50 countries.

ACE serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.

Details of this critical opening follow:

JOB SUMMARY

Responsible for the Statutory Reporting of assumed and ceded reinsurance. This specifically includes the preparation of the Annual Statement Schedule F’s, and all related disclosures for all ACE statutory filing companies. This also includes all quarterly filing requirements, and the preparation of an interim Schedule F.

RELATIONSHIP AND SCOPE

This position reports to the ARS Manager of Finance - SAP. Will need to interact effectively with other areas of ARS; Corporate Accounting; Systems; Treasury; Business Units; and Actuarial.

DUTIES AND RESPONSIBILITIES

1. Annual Statutory Reporting of Reinsurance Balances

Complete preparation of the Statutory Annual Statement Schedule F in compliance with all Financial Reporting requirements. This includes all statutory disclosures related to reinsurance recoverables.

* Gain a full understanding of Schedule F process, and take ownership of the process.

* Determine the extent of authorized and unauthorized Schedule F penalties and work with the manager to develop action plans to reduce the penalties.

* Assist manager in addressing all Schedule F reporting issues.

* Work with claims analysts to reduce authorized penalty. This includes monitoring outstanding recoverables during the 4th quarter, and ensuring disputed balances are appropriately coded.

* Provide analysis and support to Financial Reporting group as required.

* Keep documentation of Schedule F process up to date.

* Significant overtime required during the months of January and February.

2. Completion of Schedule F using data at interim periods

Prepare all the statutory Schedule F documents using interim period data as necessary. Run the entire year-end process to identify potential issues that may be encountered at year-end. Prepare a list of all issues, and work to resolve the issues prior to year-end reporting.

3. Respond to all internal and external requests for Statutory Ceded and Assumed information.

4. Respond to all requests from Auditors (internal and external) during the statutory audit process, and examiners during the state exams.

5. Assist Manager with projects

On an as needed basis, assist manager with any special projects that may arise. This includes, but is not limited to, spreadsheet preparation, internal and/or external communications, systems issues, ad-hoc reports, etc.

MINIMUM QUALIFICATIONS

* Four year degree in Business, with a major in Accounting or Finance, or relevant industry experience.

* Strong organizational skills and proven ability to work independently.

* Ability to identify priorities and reschedule tasks as appropriate.

* Ability to work effectively with other disciplines throughout the organization.ACE offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.

Sound like the right job for you? For consideration, please apply below. If you would like additional information about the ACE Group, please visit our website at www.acelimited.com