Senior IT Finance Analyst

Arch Capital Group•Home Base, NC

About The Position

The Senior IT Finance Analyst tracks IT expenses incurred by Arch Capital Group, including segment allocations and intercompany management charges. The role partners with IT leadership on upcoming projects and budgeting, and serves as a liaison between IT and Finance to support clear communication and accurate financial management. The analyst maintains expense trackers and management reports for the IT Steering Committee, supports cost-benefit analysis, accruals, journal entries, invoice coding, cost allocations, fixed asset records, and variance analysis. The position also prepares ad hoc reports, special projects, and presentations for internal stakeholders, and supports IT Steering Committee material preparation. The role requires knowledge of IT expense categorization and GAAP reporting, including capitalization, amortization, and depreciation, as well as awareness of accounting treatment for SaaS, PaaS, digital, and cloud services. It uses forecasting, analytical, reporting, communication, collaboration, and problem-solving skills. The analyst is expected to use approved AI-enabled tools responsibly, validate AI-generated outputs, and comply with company security, privacy, data governance, and acceptable-use requirements. The position requires a bachelor's degree in Finance, Accounting, or a relevant Data Analytics field and 5–7 years of experience analyzing and forecasting IT spend. Experience in insurance or technology is helpful but not required. The role is incentive eligible, with a listed base salary range of $74,000–$130,000 per year.

Requirements

Bachelor of Science in Finance, Accounting, or a relevant Data Analytics degree.
5–7 years of experience analyzing and forecasting IT spend.
Understanding of IT expense categorization and GAAP reporting guidelines, including capitalization, amortization, and depreciation.
Understanding of current IT accounting trends and accounting treatment for SaaS, PaaS, other -aaS, digital, and cloud-modeled services.
Experience forecasting IT expenditure and coordinating within a global and/or public-company IT infrastructure.
High proficiency in Microsoft Excel formulas, sorting, filtering, pivot tables, VLOOKUP, SUMPRODUCT, and what-if scenarios.
Strong knowledge of PowerPoint.
Strong analytical skills.
Strong verbal and written communication skills.
Collaborative approach with strong problem-solving, interpersonal, and project-management skills.
Attention to detail, desire for accuracy, and a strong sense of urgency.
Ability to learn new concepts quickly and navigate new systems and databases.
Intellectual curiosity and desire to understand the business beyond day-to-day responsibilities.
Foundational AI literacy and ability to use approved AI-enabled tools appropriately, evaluate AI-generated outputs with sound judgment, and comply with company security, privacy, data governance, and acceptable-use requirements.

Nice To Haves

Prior experience with business intelligence applications such as Great Plains, TM1, Anaplan, other budgeting tools, and/or Cognos.
Experience in the insurance or technology industry.
Experience working with Agile IT frameworks.
Experience working with global outsourcing functions, either external or internal/owned.

Responsibilities

Track IT expenses incurred by Arch Capital Group, including segment allocations and intercompany management charges.
Partner with IT leadership to understand upcoming projects and assist with budgeting.
Act as a liaison between IT and Finance to support open and fluid communication.
Prepare and maintain the IT expense tracker and management reports to help the IT Steering Committee track spending against budget.
Assist with cost-benefit analyses for large expenditures.
Assist with IT accruals for quarter close and prepare monthly and quarterly journal entries for expenditures and accruals across IT cost centers.
Review and code invoices for proper recording of IT expenses.
Assist with the Cost Allocation report and keep IT metrics, such as headcount, updated and accurate for appropriate allocations.
Work with ACS Finance to maintain fixed asset records.
Assist with quarterly variance analyses comparing actuals with prior year and budget.
Perform other assigned duties and ad hoc requests.
Prepare ad hoc reports, special projects, and presentations for internal stakeholders, including Technology, Product, and Business Operations.
Support the IT Steering Committee with material preparation.
Leverage approved AI capabilities to support financial analysis, identify trends and insights, streamline reporting, and improve efficiency while independently validating data and conclusions.