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. Job Summary The Director, Finance Premium Receivables Reporting is an integral financial reporting role within the Billing Operations Group and is responsible for supporting the quarterly financial close process, balancing and accounting tasks associated with recording and analyzing premium, receivables, cash and collections. This role is critical in supporting the growing operations within Arch and the strategic plan for the Corporate Finance department. This is a hybrid position based out of Jersey City, NJ with a weekly two days on site expectation. RESPONSIBILITIES AND ACCOUNTABILITIES Produce timely and accurate financial reporting of assigned reconciliations and balancing tasks Prepare various quarterly financial reporting schedules and variance analysis, primarily balance sheet and supporting schedules for premiums, receivables, cash and collections Prepare monthly reconciliation of sub-ledgers to general ledger Correspond with Underwriters, Agents and IT on discrepancies regarding premiums, cash payments, and commission differences Work closely with key business partners to facilitate an efficient quarterly close to meet reporting deadlines Prepare manual adjustments for Quarter Closing process Assist with fulfilling and responding to external audit requests Maintain adequate focus on personal growth; proactively seek relevant education and training REQUIRED SKILLS AND ABILITIES High level of proficiency in Microsoft Excel with ability to use complex formulas to manipulate data, by sorting, filtering including pivot tables, and functions such as VLOOKUP, SUMPRODUCT, and what-if scenarios Experience with Cognos, Power BI, Workday and Alteryx are a plus Knowledge of GAAP and Statutory financial statement analysis Ability to improve and evaluate processes to identify opportunities for improvement EDUCATION/EXPERIENCE B.S. in Accounting or Finance 6+ years of accounting, finance or financial reporting experience in Insurance industry, Property & Casualty preferred #LI-AT1 #LI-hybrid For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. $91,885 - 124,085/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. 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. Click here to learn more on available benefits. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team. 14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career. Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.
