SVP/Controller

Arch Insurance Group Inc.•Jersey City, NJ

4d•$188,900 - $293,250

About The Position

The Controller is a senior finance leader within Arch Insurance North America (AINA), responsible for the integrity, accuracy, and timeliness of accounting and financial reporting. The role leads the accounting organization, maintains a strong financial control environment, and ensures compliance with applicable accounting and regulatory requirements. The Controller works closely with the Deputy CFO, CFO, Finance leadership, and business leaders to determine appropriate accounting and reporting outcomes for complex transactions and business developments. The position calls for strong technical accounting expertise, disciplined execution, sound judgment, and the ability to develop high-performing teams and scalable processes. The Controller oversees monthly, quarterly, and annual close activities; general ledger operations; account reconciliations; journal entries; financial statement preparation; expense activities and allocations; and coordination with ACS Treasury and Accounts Payable. The role leads financial and management reporting, including GAAP statements, management discussion and analysis, audited financial statements, annual planning and reforecasts, Board materials, and support for ACGL close and SEC filings. It also provides leadership on complex technical accounting matters, maintains accounting policies and documentation, and monitors emerging accounting developments. The position is accountable for financial reporting controls and governance, including the design and continuous improvement of key controls and coordination with Internal Audit, SOX, Risk, Compliance, and ERM. It also supports mergers and acquisitions through due diligence, modeling, accounting policy analysis, integration planning, and opening-balance-sheet work. The Controller leads and develops the accounting team, advances finance transformation through process simplification, automation, improved data and systems, and establishes metrics for close performance, reporting quality, controls, and operational effectiveness.

Requirements

Bachelor’s degree in Accounting, Finance, or a related discipline.
Significant progressive accounting and financial reporting experience, including leadership experience in a complex organization.
Strong knowledge of U.S. GAAP and financial reporting requirements.
Experience leading financial close, external audit, internal controls, and technical accounting activities.
Demonstrated ability to evaluate complex accounting matters and communicate conclusions to executive audiences.
Experience leading and developing accounting professionals.
Strong analytical, organizational, and problem-solving skills.

Nice To Haves

CPA.
Substantial experience with insurance accounting and statutory accounting principles.

Responsibilities

Lead monthly, quarterly, and annual financial close processes to ensure accurate and timely reporting.
Maintain appropriate accounting policies, procedures, and governance.
Oversee general ledger activities, account reconciliations, journal entries, and financial statement preparation.
Review financial statement line-item analysis and supporting documentation.
Oversee the AINA expense team and activities, including expense allocations.
Oversee and support AINA's relationship with ACS Treasury and Accounts Payable.
Establish ownership, controls, and accountability throughout the close process.
Improve, standardize, and automate accounting processes.
Oversee preparation and review of GAAP financial statements, North America MD&A, Worldwide Insurance Segment P&L/MD&A, and supporting materials for ACGL close and SEC filings.
Oversee preparation of AUI, First Shield, and other audited financial statements, including footnote disclosures and external audit coordination.
Oversee preparation of the annual Plan and periodic reforecasts, and analysis of performance against them.
Review materials presented to the Boards of Directors of ACGL and Arch Insurance Group.
Ensure implementation of new accounting standards and regulatory requirements.
Partner with Arch Capital Services and other functions and segments to ensure consistent, accurate financial reporting.
Lead accounting analysis for complex matters, including insurance and reinsurance transactions, investments, acquisitions, dispositions, and other significant or non-routine transactions.
Develop, implement, and maintain accounting policies, procedures, and technical memoranda.
Develop well-supported accounting conclusions and communicate their implications to senior management and stakeholders.
Monitor emerging accounting developments and assess their potential impact.
Maintain a strong internal control environment over financial reporting.
Oversee the design, documentation, execution, and continuous improvement of key financial controls.
Partner with Internal Audit, SOX, Risk, Compliance, and other control functions to address issues and strengthen financial governance.
Promote accountability, integrity, and appropriate financial discipline.
Work with ERM on business continuity and disaster recovery processes and documentation.
Analyze potential mergers and acquisitions, including due diligence, modeling, accounting policies, and proposed integration plans.
Oversee acquisition integration activities.
Work with ACS financial reporting and tax on opening balance sheets and related journal entries.
Lead, develop, and retain a high-performing accounting organization.
Establish clear objectives and accountability across the team.
Build technical accounting capabilities and strengthen succession and development plans.
Foster collaboration across Finance and with business partners.
Identify opportunities to simplify and automate accounting and reporting processes.
Strengthen data quality, financial systems, and reporting capabilities.
Support broader Finance transformation initiatives while maintaining appropriate controls.
Develop metrics for close performance, reporting quality, controls, and operational effectiveness.