AVP, Finance

Arch Insurance Group Inc. • Jersey City, NJ

1d • Hybrid

About The Position

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℠. The Assistant Vice President is responsible for managing and mentoring a team responsible for the management and accounting/financial reporting related to the Travel and Accident & Disability business units. This role has both a management component together with a great deal of hands-on responsibilities for the day-to-day activities of the group. This individual will have a high level of interaction with operating executives, officers, and other members of the finance teams throughout the organization. This position will focus on the close process, P&L, MD&A,, and more. This role is hybrid (2 days remote, 3 days in the office), and will sit in either our Jersey City, NJ, Hartford, CT, Garden City, NY, or Philadelphia, PA office.

Requirements

• Demonstrated leadership, people management and developmental skills.
• 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 other professionals 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.
• Minimum of 7 years of property and casualty insurance industry experience is highly desired
• Certified Public Accountant or Chartered Accountant
• CPCU or other Insurance designations
• Bachelors Degree in Accounting or Finance

Responsibilities

• Manage the quarterly close process, including premium, loss, acquisition costs, preparation of Profit and Loss reporting, Balance Sheet Reconciliations, MD&A’s, and all other financial information used by the company in managing and analyzing our books of business.
• Manage a team of two onshore resources and oversight of three offshore resources.
• Work closely with other departments to ensure set-up of current and new business activities is accurate and efficient.
• Take part in special projects, including testing and implementation of new systems, process improvements (including early close issues) and data quality initiatives.
• Will have extensive interaction with various departments/disciplines at the group, including other areas in finance, actuarial, legal, reinsurance, claims and IT.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees