AVP, Finance

Arch Insurance Group Inc. • Jersey City, NJ

4d • 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℠. This role will be responsible for accounting/reporting related to Premiums and premium-related elements of the Loss Sensitive business (client retained risk) within the National Accounts, Construction and Retail Energy business units. This role will be hybrid to our Hartford, CT or Jersey City, NJ office, with three days in the office, two days remote.

Requirements

• 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
• 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

Nice To Haves

• Certified Public Accountant or Chartered Accountant is a plus
• CPCU or other Insurance designations is a plus

Responsibilities

• 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

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