With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
This role will be hybrid to our Hartford, CT or Jersey City, NJ office, with three days in the office, two days remote.
RESPONSIBILITIES AND ACCOUNTABILITIES
• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to make informed recommendations.
Work closely with underwriting team to understand the business and provide the financial operational support needed
• Manage the accounting and reporting for premiums for National Accounts, Construction and Retail Energy business units on a monthly basis, and as part of the quarterly close process.
Oversee the booking of premium, commission, accruals, loss sensitive adjustments, dividends, etc.
• Work closely with underwriting, credit, receivables and BU finance claims on reviewing and approving collateral adjustments
• Track and manage both static and depleting cash collateral; participate in building a new process to support cash collateral.
Oversee balance sheet reconciliation process for related accounts
• Provide analysis of business for premiums, accruals, commissions, earnings; provide corporate with the Management Discussion & Analysis (MD&A) reporting on a quarterly basis
• Lead the team in critical Arch Data Transformation efforts, including testing and implementation of BU ,vertical data store, Finance horizontal data store, process improvements and data quality/consistency issues
• Help identify inefficiencies and implement changes that will increase the operational efficiencies of the business and will enable the department to support current and anticipated growth in the business
• Will have extensive interaction with various departments/disciplines, including other areas in finance, actuarial, legal, underwriting, credit, ops and IT.
• Completion of key assignments/special projects
REQUIRED SKILLS AND ABILITIES
• Demonstrated leadership, people management and developmental skills
• Dynamic and motivated individual, capable of handling complex structured tasks that require close attention to timing and detail, as well as unplanned projects and challenges that require effective and unique solutions, often in a compressed timeframe
• Experience with and exposure to various operational disciplines (actuarial, underwriting, claims, IT, etc.)
Experience managing finance and accounting data
• Ability to effectively communicate analysis and conclusions to financial information end-users
• Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint, Word, Power BI, Workday
• Exceptional communication (written and verbal), evaluating, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and across organizational lines
• Strong problem-solving, critical thinking, analytical, organizational, multi-tasking, and time management skills
• Ability to analyze, organize, and present information in a clear and succinct manner
• Ability to take part in active strategic discussions
• Ability to work independently and in a team environment
EDUCATION/EXPERIENCE
• 7+ years of North American property and casualty insurance industry experience. Statutory accounting experience preferred
• Bachelor’s degree in Finance or Accounting
• Experience with Loss Sensitive insurance including large deductibles preferred
• Certified Public Accountant or Chartered Accountant is a plus
• CPCU or other Insurance designations is a plus
#LI-AT1
#LI-hybrid
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$123,000 - $166,000/year
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 pay range may be modified in the future.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. 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.
14400 Arch Insurance Group Inc.
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.
