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Job Summary
The Captive Financial Management Accountant will interact and collaborate with the Underwriting team, IT personnel, TPA’s, Reinsurers/Captives, External and Internal Auditors, and other external/internal clients on a day-to-day basis. They will provide all necessary finance support for an assigned book of business, with a focus on accuracy, meeting prescribed deadlines and client services. This role will regularly communicate with external clients.
Responsibilities
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Preparation and ownership for the client facing relationship for an assigned book of business. This includes:
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The preparation of the Reinsurance Statement of Account (cession/bordereau) to the Reinsurance Brokers and/or Reinsurers in a timely and accurate manner in accordance with the terms of the Reinsurance Contract.
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Preparation and Processing of any Cash Receipts and Disbursements, and the payment and/or recovery of reinsurance. Preparation of Letter of Credit Funding Requirements on a quarterly basis and submission to Reinsurers/Captives.
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Research and analysis based on client requests on an ad hoc basis.
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Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to respond to internal and external questions and requests. Work closely with underwriting team to understand the business and provide the financial operational support needed.
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Communication and Interaction with Underwriting team, IT personnel, TPA’s, Reinsurers/Captives, and various external and internal contacts on day-to-day basis.
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Reconciliation of the General Ledger for accounts that pertain to Alternative Market’s Balance Sheet.
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Completion of Key Assignments/Special Projects that may be assigned from time to time.
Required Skills and Abilities
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Ability to analyze data, including ability to recognize anomalies in data.
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Intermediate Excel skills.
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Strong communication skills.
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Excellent accounting and finance working knowledge.
EDUCATION/EXPERIENCE
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5+ years accounting or finance experience within the insurance/reinsurance industry.
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Bachelor’s Degree, preferably in Accounting/Finance.
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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.
$79,900 - $107-900/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.
14400 Arch Insurance Group Inc.
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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.
