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 Financial Analyst is an integral financial reporting role within the Corporate Finance Group and is responsible for supporting the quarterly financial close process, accounting and reporting for the Insurance Segment. This role is critical in supporting the growing operations within Arch and the strategic plan for the Corporate Finance department. This includes preparation of various accounting entries, financial reporting schedules and reports.
RESPONSIBILITIES
- Collect, analyze and interpret financial data to create financial statements and schedules to report the company’s financial performance
- Prepare various quarterly financial reporting schedules and variance analysis, primarily P&L and supporting schedules for premiums, losses, commissions and other acquisition expenses
- Assist in the timely and accurate preparation of the quarterly reports and Management Discussion and Analysis report (MD&A)
- Perform various quarterly close activities including journal entries and other financial transactions including Deferred Acquisition Costs (DAC) and Incurred But Not Reported Reserves (IBNR) in adherence with Generally Accepted Accounting Principles (GAAP)
- Work closely with key business partners to facilitate an efficient quarterly close to meet reporting deadlines
- Work extensively within Excel to produce supporting financial schedules such as Income Statements, Written Premium and Acquisition Expense schedules
- Support ad-hoc requests for financial information from various corporate and business partners
- Support adherence to internal controls and applied awareness of risk areas
- Assist with fulfilling and responding to external audit requests
- Other duties, as requested
- Display teamwork, integrity and strong work ethic
- Maintain adequate focus on personal growth; proactively seek relevant education and training
COMPETENCIES AND SKILLS
- Strong interpersonal, communication, and organization skills
- Knowledge of GAAP and financial statement analysis
- High attention to detail, a desire for accuracy, and a strong sense of urgency are a must
- Experience working in a high-volume, fast-paced environment
- Detail-oriented, analytical and able to multi-task under tight time frames
- Proven ability to analyze data and the underlying drivers of financial results
- Experience in public company financial reporting is a plus
- Knowledge of insurance accounting and financial reporting
- Inclination to adapt to new circumstances, information, and challenges, with a positive "can do" attitude
- 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, TM1, Great Plains, Workday or OneStream are a plus
EXPERIENCE/EDUCATION/CREDENTIALS
- B.S. in Accounting or Finance
- Professional designation (e.g. CPA) beneficial, not required
- 3+ years of accounting, finance or financial reporting experience in Insurance industry, Property & Casualty preferred.
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.
$79,900 - $107,900/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.
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 isn’t the right fit but you’re 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 Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.
Top Skills
What We Do
Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital.
ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.
