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 This position is intended for a candidate seeking growth opportunity in a dynamic organization. The position is responsible for all accounting tasks for an insurance company, which include recording premiums produced by the Agent and losses handled by claims, along with applying cash relating to open receivables. This position will be assigned a book of business and will interact with other Arch departments (Underwriters, Operations, Claims, IT and Corporate Finance) and Agency. The position will be expected to learn the process and produce timely and accurate financial reporting of their assigned accounts. This role is hybrid (2 days remote, 3 days in the office), and will sit in either our Jersey City, NJ, Hartford, CT, Garden City, NY, or Philadelphia, PA office. Responsibilities and Accountabilities: Responsible for financial close activity, including but not limited to: Prepare various business unit financial statements and supporting exhibit Prepare balance sheet reconciliations Process manual entries to sub-ledger and general ledger: Calculate reinsurance transactions according to contracts Prepare Reinsurance Statements monthly Process all Reinsurance related cash activity and update applicable sub-ledgers Assist with financial audits Participate in special projects and financial analysis as assigned by management Required Skills and Abilities: Highly proficient with Excel, including strong knowledge of vlookups, pivot tables, formulas, and data management, MS Word, Outlook Working knowledge of Workday Financials or other cloud ERP systems Experience with Business Intelligence tools (i.e. Power BI) Exemplary oral and written communication skills, with keen ability to analyze issues Proactive and able to organize and prioritize to meet multiple demands and commitments Ability to improve and evaluate processes to identify opportunities for improvement Education & Experience: Bachelors Degree in Accounting or Finance 1+ years of financial analysis and accounting experience, excluding internship experience, preferably in insurance, financial services, or a public organization #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. $71,000 - $92,000/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.
