Vice President, 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℠. POSITION SUMMARY The Vice President will be an integral leader and change agent within the North American Finance Group. This role will be responsible for accounting/reporting related to various business units (Travel, Accident & Disability, Warranty and Lenders Services). This role will be critical in helping form strategy and shaping the future of the Finance department - including modernizing and making more efficient processes and data quality - for some key significant and growing operations within Arch. This role would be a great fit for candidates with operational controllership experience, as well as senior level financial close experience, from a P&C or life insurance company. This role is hybrid, with three days in the office, and two days remote and will be based from either our Jersey City, Hartford, Philadelphia, or Garden City office.

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.)
• Ability to effectively communicate analysis and conclusions to financial information end-users.
• Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint, Word…
• 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
• Preferred minimum 12 years of North American property and casualty insurance industry experience, including statutory accounting experience.
• Finance or accounting degree

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.
• Manage the accounting and reporting for the business units.
• Oversee the teams responsible for booking of premium, commission, ceded premium, ceding commission, losses, etc.
• Manage calculation and booking of ceded reinsurance contracts and ensure accounting is in line with contract terms.
• 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 issue) 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

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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; and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive