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Job Summary
We are seeking a candidate to join our investment accounting team as an AVP, Alternative Investment Accounting located in White Plains, NY. This individual will have oversight of the daily investment accounting operations for the Company's alternative investment portfolio of approximately $5 billion for US GAAP and US Statutory reporting purposes. As a member of the team, this individual will liaise with segment Controllers, the Company's alternative investment portfolio management team, and our outsourced investment accounting provider, (Clearwater Analytics). The candidate will also be responsible for the management of a remote team.
The ideal candidate has strong written and oral communication skills, an analytical mindset and the ability to multitask to effectively manage his or her time across various roles and responsibilities. In this role, the individual will report to the VP of Investment Accounting & Finance Services of the Company, and is located in White Plains, New York.
Job Responsibilities
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Responsible for accounting, reporting and analysis functions surrounding the alternative investments on US Statutory basis and US GAAP basis.
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Manage team responsible for daily operations of alternative investments, including review of all limited partnership statements/notices received and reconciling eFront daily.
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Overall responsible for Schedule BA for NAIC reporting and all additional disclosures related to the Company's alternative investment portfolio.
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Assist the investment accounting team in analyzing monthly and quarterly investment accounting reports related to the investment portfolio as required by executive management, including financial reports such as Forms 10-K and 10-Q and other SEC filings, and/or earnings releases, and the investment disclosures provided there within.
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Provide expertise in using our new Clearwater Analytics system to analyze and report on the financial results of our investment portfolio.
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Drive efficiency, timeliness and accuracy in the investment accounting process by strong integration with internal and external resources using technology.
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Work closely with our internal auditors in monitoring and documentation of internal controls (SOX) and external auditors to provide timely and accurate information over financial reporting related to investment accounting.
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Stay abreast of investment related reporting and compliance / regulatory changes that may impact the alternative reporting process. Assist in the implementation of regulatory changes to reporting processes not limited to Principal Based Bond Project.
Desired Skills/Experience
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Strong analytical, documentation, and organizational skills
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Advanced proficiency and experience using Microsoft Office Suite: Excel, Access, PowerPoint
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Experience working with investment accounting systems such as Clearwater, CAMRA or PAM is preferred
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Capable of delivering results both independently and as part of a team
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Excellent interpersonal skills, capable of interacting effectively at all levels within the company.
Required Skills/Experience
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10+ years' experience in investment accounting within the insurance industry or asset management firm
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Experience with the following products is a plus: Aladdin applications, Xceptor, E-front and Clearwater Analytics.
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Strong knowledge of US Statutory and US GAAP reporting.
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Knowledge of various investment types including Fixed Income, Structured Products, Derivatives, Securities lending and Alternate Investments.
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Must be able to travel periodically and meet with outsourced investment accounting provider and others in Idaho, New York, Bermuda and other locations.
Education
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Bachelor's Degree in Accounting
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CPA, CA or MBA is preferred
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For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.
$170,238 - $230,322/year
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Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above range may be modified in the future
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Click here to learn more on available benefits
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.
10200 Arch Capital Services LLC
What We Do
Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital.
ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.
