AVP, Finance

Arch Insurance Group Inc.•Jersey City, NJ

1d•$123,400 - $166,900•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℠.

Requirements

Exceptional work ethic, integrity and ability to work autonomously while effectively managing expectations.
Excellent analytical skills with an ability to interpret complex financial data and trends.
Experience in directing and mentoring staff, fostering a culture of collaboration, innovation, and continuous improvement.
Strong working knowledge of Microsoft Suite (Excel, Word, etc.)
Working knowledge of Workday general ledger.
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.)
Ability to effectively communicate analysis and conclusions to financial information end-users.
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.
Bachelor’s Degree in Accounting/Finance Required.
7 to 10 years’ Insurance/Reinsurance experience working in a management capacity in Accounting/Finance.
Extensive experience in financial accounting, preferably within the insurance industry, with a strong background in financial statement preparation, reconciliations and flux analysis.

Nice To Haves

MBA and/or CPA preferred.
Power BI knowledge a plus.

Responsibilities

Lead the preparation and analysis of ASA reporting of MCE.
Coordinate interaction with different departments and counterparties for the ASA reporting.
Lead the preparation and analysis of MCE financial results including underwriting profit and loss statements, relevant balance sheet accounts and key operating metrics.
Provide financial reports, analysis and insight for internal and external financial information clients - senior management, underwriting, etc. – to ensure that consistent and accurate reporting is communicated on a timely basis, while ensuring adherence to GAAP and Statutory Accounting principles.
Ensure coordination of the accounting of premium recognition, cash application, loss activities, commissions, reserves, and reinsurance transactions.
Conduct detailed flux analyses of relevant balance sheet and profit and loss accounts to understand if amounts are tracking or at variance with trend and expectation, providing insightful and concise commentary.
Will have extensive interaction with various departments at Arch Insurance North America, including underwriting, actuarial, legal, reinsurance, claims and IT, to ensure a cohesive operation supporting MCE business.
Coordinate interaction with Internal and External Auditors regarding risk, controls, SOX compliance for the MCE business.